• Tuesday, July 16, 2024
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BusinessDay

Plateau revenue soars 150% to N2bn in one year – Mutfwang

Plateau govt partners NIS to strengthen border security

Governor Caleb Mutfwang of Plateau State has announced a significant milestone in the State’s Internally-Generated Revenue (IGR), reaching N2 billion, a 150% increase from the N800 million generated when he assumed office last year.

Speaking to journalists during a press conference marking his one year in office, the governor attributed the achievement to blocking loopholes and ensuring responsible management of resources.

“We haven’t just started, we only blocked the loopholes; we only ensured responsible management, and it’s been able to take us to that point,” he explained.

Governor Mutfwang expressed optimism that with implementation of additional strategies to improve tax density, the State’s IGR would continue to grow, enabling the Government to comfortably pay salaries and meet its financial obligations.

“We are going to build our IGR to a level where we will be comfortable and at least pay salaries,” he assured.

The governor’s achievements in boosting the state’s IGR has been hailed as a significant accomplishment, given the challenges faced by many States in the Country in generating revenue.

Plateau residents have therefore expressed optimism that the increased revenue would translate to improved infrastructure and social services in the State.

“This is a welcome development, and we hope that the increased revenue will in his usual manner be used to improve our roads, hospitals, and schools,” said Monica Yusuf, a resident of Jos, the State capital.