Business
Delta IGR Hits N51bn
Governor Ifeanyi Okowa of Delta State last Friday disclosed that the state’s annual Internally Generated Revenue (IGR) has hit N51 billion.
The governor stated this at the 14th All Nigeria Editors Conference in Asaba, the state capital.
According to him, the IGR was as low as N30 billion in 2016 and following some re-engineering, his administration was able to increase it to N51 billion annually.
He noted that government was able to increase its revenue by making sure that all target groups including the market women were captured in the tax system.
“We were able to collect taxes from the market women not just as tax but also as premium for the state health insurance scheme, which they benefit from by paying their taxes,” he said.
He also explained that to effectively manage the Asaba Airport, and improve on the state’s IGR, the government had put necessary machinery in place to commercialise or privatise the airport.
He said the airport, which was downgraded in 2014 had now been upgraded to category six, to enable it take bigger planes like Boeing 737.
The governor explained that government’s plan was to develop the airport into a cargo airport, adding that since government could not effectively manage the facility, it resolved to engage the private sector.
“We got technical advice to privatise or commercialise the airport and we have published for investors to bid for it,” he said.
The governor, however, disclosed that the state government deploys about N1 billion to payment of pensions monthly and about N7 billion for salaries of the workers in the state.
According to the governor, the state workforce stands at about 50,000.
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FG Fixes Uniform Prices for Housing Units Nationwide, Approves N12.5m For 3-bedroom Bungalow ……..Says Move To Enhance Affordability, Ensures Fairness
“The approved selling prices are as follows: One-bedroom semi-detached bungalow, N8.5 million; two-bedroom semi-detached bungalow: N11.5 million and three-bedroom semi-detached bungalow, N12.5 million,” the statement added.
Minister of Housing and Urban Development, Ahmed Dangiwa, stated that priority in the allocation of the housing units would be given to low and middle-income earners, civil servants at all levels of government, employees in the organised private sector with verifiable sources of income, and Nigerians in the Diaspora who wish to own homes in the country.
The Permanent Secretary in the ministry, Dr. Shuaib Belgore, explained that several payment options have been provided to make the houses affordable and flexible. These include outright (full) payment, mortgage, rent-to-own scheme, and installment payment plans.
The ministry further announced that the sale of the completed housing units across the northern and southern regions will soon commence.
“Applications can be made through the Renewed Hope Housing online portal at www.renewedhopehomes.fmhud.
The ministry, however, clarified that the approved prices apply strictly to the Renewed Hope Housing Estates which are funded through the ministry’s budgetary allocation, as against the Renewed Hope Cities in Karsana Abuja, Janguza Kano, Ibeju Lekki, Lagos which are being funded through a Public Private Partnership (PPP).
