Business
Council Plans Increased Internal Revenue Generation
Alhaji Zakari Angulu, the Chairman of Gwagwalada Area Council, FCT, has expressed the determination of the council to boost its internal revenue generation capacity.
Angulu told newsmen in Gwagwalada that increased revenue generation would aid the council to enhance the completion of projects.
He said the council performed well in internal revenue generation in 2011 and added that arrangements had been made to further improve on the performance during the year.
Angulu said the council generated less than N4 million per year before the inception of his administration in 2007 but that in 2011 the revenue target was N50 million out of which N30 million had been collected by October.
He attributed the improvement in revenue generation to measures adopted by the council, especially the engagement of consultants.
“There was remarkable improvement as far as revenue generation is concerned in Gwagwalada Area Council for 2011, probably because of the daily experience we are gathering on local government administration.
“Our revenue generation for 2011 was quite impressive and I can assure you that with the measures being put in place, the figure will be doubled at the end of 2012.”