A’Ibom Govt Targets N100bn IGR For 2020

Akwa Ibom State government said it is targeting more than N100 billion as Internally Generated Revenue for the year 2020.
The state Commissioner for Finance, Mr Linus Nkan, who disclosed the target during a chat with newsmen in Uyo yesterday, said the rapidly springing industries, attracted by the state government had really boosted the economy of the state.
Nkan said the revenue generated from the taxes paid by the industries and from the employees enabled the state in 2019 to double the revenue realized in 2018.
“Our efforts to boost the economy have boosted our IGR. That of 2019 was almost double what we got in 2018. We shouldn’t do anything less that N100b in 2020. As we are doing all these industries, they’ll now pay tax and those employed are also paying taxes to government,” he said
Reacting to a recent call by the Special Assistant to President Muhammadu Buhari on Niger Delta Affairs, Sen. Ita Enang, on how the state should utilize federal government refunds for roads constructed with state’s funds, Nkan expressed the suspicion that Enang might have collected the money meant for the construction of Calabar – Itu road project.
He said he would insist on this position until both Enang and the Federal Government step out to confess to the people of Akwa Ibom State that the contract was merely awarded for the elections.
Recall that Enang had in a recent chat with journalists in Uyo called on the state government to plough into construction of Calabar-Itu road, the money refunded from Federal Government for federal roads constructed by the state