Business
Revenue Committee Gets Order To Generate N1bn Monthly
A three-man interim management committee on Imo State Internally Generated Revenue has been inaugurated with the order to target the sum of N1bn monthly.
Imo State governor, chief Ikedi Ohakim stated this while inaugurating the interim management committee members at Executive chambers, Government House, Owerri.
Governor Ohakim charged the new management to endeavour to cut waste, errors and ensure proper check on fraud and irregularities which he said characterised the previous system which recorded only one hundred and sixty million (N160m) as monthly generated revenue.
Speaking further, the governor challenged the new management on the scope of operation to include proper implementation of tax laws inorder to generate revenue good enough to maintain the existing infrastructures in the state.
He further charged the revenue managers to meet with the state stipulated revenue target of one billion naira for the months of September and October respectively, stressing that the state will not condone failure of any kind.
Governor Ohakim handed the new Revenue management with additional responsibility of transforming the board into a professional commission for revenue services and production of new management documents.
He stated the need for a close and healthy working relationship with the Bureau for Revenue generation, Mobilisation and Account Monitoring, whose cooperation he said will enhance maximum production for the state.
In a vote of thanks, the chairman of the newly inaugurated management committee, Dr. Rowland Madufor, on behalf of his committee members thanked Governor Ohakim for finding them worthy to man the body.
Dr. Madufor, however, pledged that the committee will try hard to effect the desired changes. Other members of the newly inaugurated committee are prince Tom Onyeagwa and Mr. Emeka Okeafor.