By; DEKERA NICHOLAS, Kaduna
Mr Solomon Elisha, the Taraba State Commissioner for Budget and Planning on Monday expressed worries over the poor internally generated revenue (IGR) in the state.
Elisha express the concern at a press briefing on the approved 2021 budget estimate in Jalingo.
The commissioner, who said the state was projected to generate N9.2 billion in 2021 however, said deliberate policies were being put in place to boost the state IGR.
“From our projection this year, 36.64 percent of our expected revenue would come from statutory allocation, 14. 67 percent from internal loans, 10.6 percent from Value Added Tax (VAT), 8.80 percent from capital receipts, while our IGR is expected to bring in the least revenue of 6.55 percent.
“This is worrisome and you will agree with me that there is the need for a paradigm shift from dependence on external sources to the internal sources.
“There is need for all hands to be on deck to explore the abundant untapped resources so as to actualise our dream of becoming the leading economy in the northeast sub-region.
“Already, government has set up a committee to look at how to boost our IGR, block all leakages and make the state IGR independent and the committee is about to complete its job,” he said.
Elisha explained that the 2021 budget was focused on completing all ongoing projects across the state in spite of the economic downturn and COVID-19 pandemic.
He also noted that 6.13 percent of the entire 2021 budget sum of N141.6 billion was set aside to address COVID- 19 related projects and programmes.