Abia Moves to Block N1.2b Leakages from N2 Monthly IGR

Nnaya Eziyi, Umuahia

Abia State government has moved to block leakages of over N1.2 billion from its  projected monthly Internally Generated Revenue (IGR) of N2 billion.

The Finance Commissioner, Obinna Oriaku stated this while giving a breakdown of the state’s 2018 draft estimate of N140billion on the floor of the House  of Assembly in Umuahia.

He said to this end, the government had reorganised its Board of Internal Revenue (BIR) to make it more result oriented to move the state forward economically.

Of the draft, christsined Budget of Partnership and Opportunities, Oriaku said, “This clearly shows government’s direction in the present economic uncertainties facing Nigeria as a nation.”

He said, “We will also make Abia conducive to demestic and direct foreign investments and other partnership,” saying priority would be paid to create the right business environment.

Thecommissioner said the major trust of the draft would be on the five pillars of the administration which are agriculture, health, education, commerce and industry, oil and gas.

“The proposed 2018 budget represents this administration’s new resolve to totally re-engineer the economy in such a way that will elevate the socio-economic well-being of Abians,” he said.

Oriaku said the administration’s focus was to accelerate the development of the physical and human infrastructure of the state for wealth creation and improved livelihood.

” As the flow of revenue is not quite predictable any more, we all should keep our eyes on engaging viable partnership and bring the opportunities derivable to give the state a life wire,” he said.

It would be recalled that while presenting the draft on the floor of the House last month, Governor Okezie Ikpeazu had appealed to the members to ensure its speedy passage into law.