We’ve blocked all rev­enue leak­ages, says Ak­eredolu

The Punch - - TODAY POLITICS - Peter Dada, Akure

THe Ondo State Gov­er­nor, Mr Ro­timi Ak­eredolu, on Wednesday said his gov­ern­ment was tar­get­ing N30bn as rev­enue to be gen­er­ated in­ter­nally this year.

The gov­er­nor also ex­plained that he had put in place measures to in­crease its rev­enue in 2020.

He promised to block all the leak­ages through which the money meant for gov­ern­ment was be­ing stolen.

The gov­er­nor spoke through the state Com­mis­sioner for Bud­get and eco­nomic Plan­ning, Mr em­manuel Ig­basan, dur­ing the pre­sen­ta­tion of the de­tails of the state’s 2020 bud­get in Akure, the state cap­i­tal.

Ac­cord­ing to him, N187.859bn was bud­geted for the new fis­cal year.

The fis­cal doc­u­ment, which was chris­tened ‘Bud­get of Growth’, was passed into law last week.

It has a to­tal of N80.470bn ear­marked for cap­i­tal projects while N82.7bn goes for re­cur­rent ex­pen­di­ture.

The gov­er­nor said, “The 2020 bud­get has been de­signed to leapfrog the econ­omy in all sec­tors and im­prove on the suc­cesses and achieve­ments of this ad­min­is­tra­tion, notwith­stand­ing the fluc­tu­at­ing for­tunes of the econ­omy in the last three years.

“The bud­get is de­signed to fo­cus on the growth driv­ers of the econ­omy in or­der to ac­cel­er­ate the pace of eco­nomic re­cov­ery and de­vel­op­ment.

“The pro­jec­tion of N30bn in 2020 as in­de­pen­dent rev­enue rep­re­sents an av­er­age of N2.5bn per month.

“The fluc­tu­a­tion of rev­enue from the Fed­er­a­tion Ac­count has been a prob­lem since the global eco­nomic down­turn of 2016.”

He said gov­ern­ment planned to shore up its IGR by sus­tain­ing the rev­enue drive in the state by yearly in­crease of at least 20 per cent.

Other means listed in­cluded, “In­no­va­tive and in­te­grated ap­proach to drive gov­ern­ment rev­enue through the ICT, de­ter­min­ing the new rev­enue ar­eas to ex­pand the rev­enue base of the state and block­ing of all the rev­enue leak­ages.

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