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Cross River Targets N30.9bn Internally Generated Revenue In 2014

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Credit: Cross River State Government

Credit: Cross River State Government

The Cross River Government on Tuesday in Calabar said it planned to generate N30.9 billion as Internally Generated Revenue (IGR) in the 2014 fiscal year.

Dr Peter Oti, the Special Assistant on Budget Monitoring and Evaluation to Gov. Liyel Imoke, said this while briefing the media on the activities of his office.

Oti said the IGR target was set by the ministries, departments and agencies (MDAs) during their 2014 budget presentation.

The Special Assistant said this was an improvement from the N26 billion for 2013.

“A monitoring team has been set up to ensure that all leakages leading to loss of revenue were blocked,’’ he said.

Oti who also doubles as the Supervising Chairman of the State’s Internal Revenue Service said 70 per cent of the IGR would be used for capital projects in the state.

He explained that the 2013 IGR target of N26 billion was however not realised due to some uncertainties.

“The department has put in place all modalities to make sure that the N30.9 billion for 2014 is realised,’’ Oti said.

The special assistant said the state government would ensure that taxes were being paid by the citizens of the state.

“The Budget Department is working closely with the traditional rulers across the 18 local government areas (LGAs) of the state to ensure that taxes are paid to government coffers.

“The public financial law has been set up to ensure discipline and transparency among development partners in the state,’’ he said.

Oti expressed concern over the attitude of members of staff of the state’s Revenue Department who were not paying taxes.

He said they would be arrested and prosecuted according to the state’s tax laws.

Oti called on all tax-payers, especially business outfits, to live up to their civic responsibility by paying their taxes promptly.

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