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

Importance of Institute for Peace and Conflict Resolution(IPCR) to Security Challenges

By Jemimah LamiNigeria’s security environment remains one of...

Delta Government Calls for Calm Over Ibusa–Ogwashi-Uku Land Dispute

The Delta State Government has urged residents of Ibusa...

Ombugadu’s Exit and the Reconfiguration of Nasarawa Politics Ahead of 2027

From Abel Zwanke, LafiaThe resignation of Ombugadu Emmanuel from...

FCT-IRS Gives Residents Match 31 Deadline to file individual returns

By Joyce Remi- BabayejuThe Federal Capital Territory Internal Revenue...

Assembly Lauds ECEWS, Aviclaire Climate-Smart Agriculture Initiative in A’Ibom

By Ogenyi Ogenyi, UyoThe has commended a climate-smart agriculture...

China’s Top Political Advisory Body to Convene Annual Session March 4–11

China’s leading political advisory institution, the National Committee of...

ICPC Details Items Seized From Nasir El-Rufai’s Abuja Residence

The Independent Corrupt Practices and Other Related Offences Commission...

Pastor Warns VeryDarkMan: ‘Fake Death Stunt Invites Real Danger’

Controversial social commentator VeryDarkMan has drawn criticism from cleric...

Mandana Karimi Praises Donald Trump, Compares Him to Cyrus the Great

Iranian-born Bollywood actor Mandana Karimi has publicly praised former...

Manchester United’s Next Four Premier League Fixtures

According to the Premier League’s official website on Monday,...

Delta Government Calls for Calm Over Ibusa–Ogwashi-Uku Land Dispute

The Delta State Government has urged residents of Ibusa...

Related Articles

Popular Categories

spot_imgspot_img