Jutha Gupah, Damaturu
Yobe State government is to diversify local sources of revenues to boost internally generated revenues (IGR) in 2023.
The revenue diversification was to address the over-dependence on the monthly Federation Accounts Allocations (FAAs) to the 36 states.
Unveiling the revenues diversifications, yesterday (Wednesday), at the Budget Bilateral Discussion, in Damaturu, the Commissioner for Budget and Economic Planning, Muhammad Gagiyo, disclosed: “The critical issue worthy of mention here is the urgent need for the diversification of our internal revenue sources.”
He noted that the over-dependence of the State government on the monthly federal allocations is no longer feasible in sustaining the local economy.
He, therefore, urged the revenue-generating agencies in the state to capture all relevant taxes into their net as much as possible.
According to him, the main economic objectives of the budget discussion was to evaluate the submissions made by Ministries, Departments and Agencies (MDAs) to the government.
On the IGR targets, he said: “This could also ensure strict compliance with the budgetary provisions and other guidelines.
He said the fundamental objective of the government in preparing Budget 2023 was to ensure that resource allocations are prioritized and allocated to critical economic sectors of the economy.
Responding, the Secretary to the State Government, Baba Mallam Wali however, noted that all ongoing projects across the state be completed by the Buni administration.
According to him, all projects initiated by the State government must be completed in the 2023 fiscal year.
End.
