Recession: Ebonyi records increased IGR

Ebonyi Sta2016_09_21_95618te Gov­ernment has perked up its Internally Generated Revenue, IGR, and ad­opted programmes to further increase its funds through mechanised rice and cashew farming and processing.
Though the State Commissioner for Fi­nance and Economic Development, Dr Denis Ekuma Nkama did not give insight as to the per­centage of the increase of the IGR, he said the increase followed mea­sures put in place to control leakages and en­sure accountability and probity in public spend­ing He spoke in Abaka­liki yesterday when he briefed newsmen in his office.
“I advocate that each state should have at least two cash crops with which they will be known for. For instance, you cannot talk about rice production without mentioning Ebonyi State and that is why our
governor made it a policy that everybody must have at least a hect­are of rice farm. If other states like Kano and some states in West go back to Kano groundnut pyramid and cocoa plan­tation respectively then, within few periods, we will wriggle out of this recession.”
The finance boss re­vealed that the state government had com­menced refunding of the bailout funds which the state government got from the federal govern­ment.
Dr Nkama said the state government im­mediately after securing the bailout funds made arrangement for the money to be deducted at source from the fed­eration account on the allocation accruable to the state government, adding that the present administration under Governor David Umahi will not leave any loan unpaid.
On the Treasury Single Account, TSA, Nkama said Ebonyi State gov­ernment was one the first states to key into the TSA policy which he said had saved a lot of money for the state government as it blocked various leak­ages in state funds.
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