The Enugu State government says it is working towards increasing her internally generated revenue (IGR) to about 50 percent of the federal allocation due to the state to effectively take care of salaries and other development demands of the state.
Godson Nnadi, the state commissioner for finance, who made this known to newsmen during the state’s budget breakdown in Enugu, tagged ‘Budget of Sustainability’, said that the state’s IGR presently is standing at N14,309,922,000 or 22.46 percent above that of 2012 which was budgeted at N8 billion.
He traced the growth of IGR in the state from 2007 which was N1.7 billion to 2012 where it was budgeted N8 billion to the present amount of about N14.4 billion, saying that it came as a result of the current effort of the state government to increase the internally generated revenue.
The commissioner said that the state government restructured the operations of the Board of Internal Revenue to make it more responsive and more accountable and increase the revenue drive to sustain the growth of IGR.
Nnadi noted that the state government’s magic in increasing IGR was a creation of good business environment for investors to be attracted.