Zulum Grants 2-Year Tax Waiver to Flood Victims, others
Borno State Governor, Babagana Umara Zulum, has approved a two-year tax waiver for traders affected by the September 2024 flood disaster and those impacted by a market fire.
The initiative aims to alleviate financial burdens and support economic recovery by allowing traders to reinvest in their businesses without tax obligations. The waiver is part of broader tax administration reforms and is expected to help traders in Monday Market, among others.
Zulum granted the waiver to ease financial burden and encourage business growth. The devastating flood caused economic hardship, with many residents losing their livelihoods.
The chairman of Borno State Internal Revenue Service (BO-IRS), Professor Ibrahim Bello Alhaji, who made this known last week, stated that the waiver was part of Zulum’s tax administration reforms which prioritise ease of doing business in the state.
Professor Bello equally noted that Borno State now ranks 12th nationally in terms of improved and digitised tax programmes.
The BO-IRS chairman highlighted ongoing projects in Jiddari, Umarari, GRA, Bulumkutu, Custom, Chad Basin and many other locations, stressing that every part of the state benefits from tax-generated funds.
