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

Easter: Orelope-Adefulire Urges Renewed Commitment to Sustainable Development

The Senior Special Assistant to the President on Sustainable...

Kaduna Labour Threatens Strike Over Delayed Salary Adjustments

The Joint Negotiating Council (JNC) in Kaduna State has...

Miaphen Declares Bid for Qua’anpan/Shendam/Mikang House of Representatives Seat

A youth leader and activist, Prince Miaphen, has announced...

​FCTA to takeover Jikwoyi Collapsed land, Prosecute Owner

By Joyce Remi- BabayejuThe Federal Capital Territory Administration (FCTA)...

CSOs Condemn Wike’s Remarks on Journalist, Raise Concerns Over Press Freedom

A coalition of 14 civil society organisations (CSOs) has...

UNIJOS Confirms Death of Two Students in Jos Violence

The Vice-Chancellor of the University of Jos, Tanko Ishaya,...

EFCC Arrests Alleged Fake Football Agent Over N11m Fraud

By Francis WilfredThe Economic and Financial Crimes Commission...

KEDCO Commissions 11kV Feeder to Boost Industrial Power Supply in Kano

The Kano Electricity Distribution Company (KEDCO) has commissioned an...

Delta Government Highlights Infrastructure Push as Driver of Growth and Stability

The Delta State Government says its ongoing infrastructure development...

Delta Partners Energy Firms to Improve Power Supply, Targets Expanded Electricity Access

Delta State Governor Sheriff Oborevwori has reaffirmed plans to...

2027: Ex-PDP Candidate Muhammed Ibrahim Explains Defection to SDP

A former Peoples Democratic Party (PDP) candidate in Nasarawa...

LASUTH Cites Destroyed DNA Samples in Pelumi Onifade Inquest as Lawyers Raise Concerns

The Lagos State University Teaching Hospital (LASUTH) has told...

Related Articles

Popular Categories

spot_imgspot_img