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Economy

95.5% Performance Rating: How Dansavist Multi-Concept Limited Drives Revenue Reform Across Nigerian States

AdminBy AdminMay 5, 2026Updated:May 5, 2026No Comments2 Mins Read
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By Correspondent in Lokoja.


Prince Dan Olaitan Dada.
The Managing Director,Dansavist Multi-Concept Limited,
Prince Dan Olaitan Dada, has reaffirmed the commitment of firm to promoting transparency, fairness and efficiency in Nigeria’s revenue administration landscape, stressing that sustainable revenue systems depend on strong structures rather than mere collection figures.

In a statement the managing director made available to the Reporters in Lokoja on Tuesday,he
stated that the mission of the firm is to empower governments with innovative frameworks that strengthen compliance, protect citizens from exploitation, and improve overall revenue performance across different tiers of government.

According to him, sustainable revenue is not defined by how much is collected, but by how well the system is designed and managed, emphasizing that structured frameworks are essential to long-term fiscal stability.

He said that that the interventions of the firm are deliberate and results-driven, focusing on eliminating illegal levies, reducing multiple taxation, and ensuring that every payment is lawful, traceable, and accountable.

According to Prince Dada,one of the notable achievements of the firm is in Kogi State, where ongoing deployments since March 2024,including driver and conductor badge systems, commercial vehicle colour exemption schemes, and mobile trade and supply licensing platforms,have recorded a 95.5 per cent performance rating within the first year of implementation.

He added that In Osun and Oyo States (2023–2024), the firm implemented the Single Inter-State Road Tax Sticker (SIRTS) system, which exceeded revenue projections by over 20 per cent.

“Earlier, between 2018 and 2020, Dansavist worked with the Kwara State Internal Revenue Service, where structured reforms and initiatives such as the Commercial Vehicles Waste Bin project contributed to improved internally generated revenue.

He also disclosed ongoing system implementations in Kabba/Bunu and Ajaokuta Local Government Areas of Kogi State, as part of the firm’s broader effort to strengthen sub-national revenue administration.

Prince Dada expressed concern that many public revenue systems suffer from weak coordination, where collection is prioritized over management, leading to leakages, duplication, and declining public trust.

According to the managing director, without clear frameworks defining what is payable, who collects it, and how payments are verified, revenue systems become inefficient and difficult to monitor.

He said by bridging the gap between collection and management, the company has continued to design technology-driven systems that make revenue predictable, improve real-time tracking, and enhance compliance through clarity and structure.
Edited by Dada Ahmed.

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