x

Taraba to reduce dependence on FAAC

By Danzumi Ishaku, Jalingo.

To achieve the 2023 budget, in Taraba state, the government of Taraba said it has stepped up her attempts in the mobilisation of revenue to reduce dependence on the Federal Account Allocation Committee (FAAC).

The commissioner of Budget and Economic Planning, Solomon B. Elisha, stated this on Tuesday while briefing media in Jalingo the headquarters of the state capital. The state approved budget under the administration of Governor Ishaku for 2023, also debunked the allegations that the governor has indebted the state to the tune of over N200 Billions.

The commissioner whom Daybreak news noticed could not make public the present debt status of the state, urged the people to disregard the claim that Ishaku has catapulted the state debt profile to the height.

Alleging that the allegations are emanating from the opposition’s coffers, the 2023 approved budget of the state, as stated by him, is based on some macroeconomic assumptions among which includes the “United States Dollar exchange rate to N435.57.”

Others, as listed out by  him, include the “International oil price benchmark of $70.00  per barrel, National Inflation rate of 17.16% and GDP growth of 3.75%” to mention but just a few.

Hon. Solomon Elisha noted that the timely passage of the Appropriation Law 2023 and assent into law is vital for the completion of government critical ongoing projects and transition to new administration in the state.

The budget, according  to him “will be achieved through “improving revenue mobilisation through blocking of leakages and emphasising new sources.”

Other measures which he believed would be put in place to achieve the revenue projections of the budget, are via the Creation  of fiscal space for infrastructural development, ensuring sustainable deficit and debt levels, as well as Strengthen, Monitoring and Evaluation.

Claiming that the incumbent state governor has successfully lifted Tarabans out of the dungeon of poverty, said the achievement was made possible by the human face policies put in place by Ishaku.

Hot this week

JUST IN: Shettima visits Kwara community after deadly attack

Vice President Kashim Shettima on Saturday visited Woro village...

Ganduje Lauds Mariya Mahmoud’s Grassroots-Driven Empowerment Initiative in Kano

By Joyce Remi-BabayejuFormer First Lady of Kano State, Prof....

Atiku hosts Aisha Buhari during Umrah visit in Saudi Arabia

Former Vice President and presidential candidate Atiku Abubakar has...

Ododo Says Prof. Salisu Ogbo’s Achievements Earned Him VC Appointment

Kogi State Governor, Alhaji Ahmed Usman Ododo, has said...

Olumode: Driving Change in a New Dawn.

A civil society, pressure group, non-profit, and anti-corruption organization—the...

2Baba, Wife Natasha Osawaru Dedicate Newborn at Church Ceremony

Nigerian music star Innocent Idibia, popularly known as 2Baba,...

Chinese Embassy Rejects Allegations of Illegal Mining, Terror Financing in Nigeria

The Chinese Embassy in Nigeria has strongly refuted allegations...

Verydarkman Criticises Cubana Chief Priest Over APC Support, Mentions Nnamdi Kanu

Social media commentator Martins Otse, popularly known as Verydarkman,...

Uzor Arukwe Denies Allegations Linking Him to Bambam’s Marriage Rumours

Nollywood actor Uzor Arukwe has denied social media claims...

Plateau Commission Rescues Five Children, Arrests Three Over Alleged Trafficking to Cross River

The Plateau State Gender and Equal Opportunities Commission says...

El-Rufai Alleges Attempted Arrest by Security Operatives at Abuja Airport

Former Kaduna State Governor Nasir El-Rufai was allegedly confronted...

A’Ibom tasks sports officials on capacity building

By Ogenyi EmekaPaul Bassey, Commissioner for Sports in Akwa...

Related Articles

Popular Categories

spot_imgspot_img