Don’t depend on federal allocation, state govts urged
Latest Politics, State News Monday, June 27th, 2011State Governors, barely a month old in the saddle, got an admonition yesterday that they should institute some fiscal restraint in their expenditure and should not depend on the monthly federal allocation for the realisation of their campaign promises.
Rather, the executive chairman, Federal Inland Revenue Service (FIRS),Ifueko Omoigui Okauru, said they should grow Internally Generated Revenue, by paying closer attention to the often neglected revenue spinners and automate their processes by employing electronic mode of payment and and resist the temptation of anticipatory spending.
Omoigui Okauru, who said this on Monday at Radisson Hotel, Lagos, at a strategy retreat organised by the Kwara State government, noted that states could grow internally generated revenue by focusing on priority sectors to attract investment.The sectors include: agriculture, tourism, sports, manufacturing, oil and gas, hospitality, telecommunications as well as the creative economy(arts and entertainment).
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on Jun 27 2011. Filed under Latest Politics, State News.
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