Business
Delta’s Internally Generated Revenue Hits N34.5bn Commissioner
The Delta Commissioner for Finance, Mr Bernard Okumagba, last Thursday said that the state’s Internally Generated Revenue (IGR) grew by 182 per cent between 2007 and 2012.
The breakdown showed that the IGR rose to N34.5 billion in December 2011 from N12.2 billion in 2007.
Okumagba told journalists in Asaba that the increase was due to new reforms and strategies adopted by the state government during the period.
He said that the sources of the revenue were taxes, fines and fees, licences, rents, interests and dividends.
The commissioner said that the ministries, department, agencies complemented the efforts of the state Board of Internal Revenue in the collection of the revenues.
He said that the state has concluded plans to raise the internally generated revenue in 2012 through effective deployment of government machinery.
Okumagba said that effective deployment of the machinery would help to expand the state’s revenue base and credit worthiness.
The commissioner said that the new revenue strategy encouraged savings culture through strict budget implementation and improved control measures.
Okumagba said that the state planned to diversify its economy so as to reduce the dependence on federal allocations.
“The state is deliberately developing and expanding non-oil sources of income and it is in keeping faith with the agenda of the state.
“The state is also providing resources and enabling environment for work as well as capacity building of employees for effective service delivery,’’ he said.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Maritime3 days ago
Minister Tasks Academy On Thorough-Bred Professionals
-
Maritime3 days ago
Customs Cautions On Delayed Clearance, Says Consignees May Lose Cargo
-
Maritime3 days ago
Lagos Ready For International Boat Race–LASWA
-
Maritime3 days ago
NCS Sensitises Stakeholders On Automated Overtime Cargo Clearance System
-
Maritime3 days ago
Shoprite Nigeria Gets New Funding to Boost Growth, Retail Turnaround
-
Politics3 days ago
I Would Have Gotten Third Term If I Wanted – Obasanjo
-
Sports3 days ago
Bournemouth, Newcastle Share Points
-
Sports3 days ago
Iwobi Stars As Fulham Overcome Brentford