Enugu Restructures Revenue Board

The Enugu State Government has restructured its board of internal revenue to make it more responsive and accountable.

The state Commissioner for Finance and Economic Development, Mr Godson Nnadi, told newsmen in Enugu on Friday, that some increases in the state’s internally-generated revenue were expected from the restructuring.

Nnadi, who was giving a breakdown of the 2013 Budget, said the state expected an income of N14.3 billion internally as against the N8 billion generated in the last fiscal year.

“The reason for this increase is hinged on our resolve to increase our revenue drive to sustain the growth of the inflow from local sources outside the oil revenue which the state has no control,’’ he said.

He said the figure was 22.46 per cent of the total recurrent revenue expected in the financial year.

The commissioner also said that the state expected N47 billion or 73.7 per cent of the recurrent revenue from the Federation Account, while it also expected N2.4 billion or 3.7 per cent of the recurrent revenue from the excess crude account.

He said additional provisions were made in the recurrent expenditure due to the expected increase in personnel cost arising from expected increase in labour force.

Nnadi described the budget as the strong instrument for the implementation of the government’s four-point agenda on infrastructure, economic expansion, rural and urban development and service delivery.

He said the budget made provisions for increased involvement of the private sector in the development of the state.

The state had budgeted N83.77 billion for the 2013 fiscal year, a 10 per cent increase over the N76.45 billion budgeted the previous year.

Of the figure, N45.9 billion is for recurrent expenditure, while N37.83 billion is for capital expenditure.