Governor Ifeanyi Ugwuanyi of Enugu State yesterday inaugurated the newly reconstituted State Board of Internal Revenue and charged the
members to come up with new and effective strategies aimed at beefing up the State’s revenue base in view of the present daunting economic challenges in the country.
Lagos-based banker and luxury real estate operator, Mr. Chukwuemeka Anthony Odo, who is the chairman of Bluewaters Capital is the chairman of the revenue board and pledged on behalf of other members of the new board to work diligently operate a leak-proof revenue
generation system for the state shore up its economy.
While inaugurating the board at the Government House, Enugu yesterday, Governor Ugwuanyi explained that the charge on the members to work hard on their assignment has become necessary in the face of the severe economic depression that is threatening the solvency of government at all levels.
He noted that how well the new board plays its role was crucial to the economic wellbeing of the State government and by extension that of the people of Enugu Sate.
He observed that with the receipts from the federation account dwindling rapidly, most State governments have become increasingly dependent on internally generated revenue to fund their activities and service their obligations.
“ Government as a result of the current economic condition, is struggling to meet its financial commitments to pay salaries, fund development activities, ensure social services and maintain security, among others”, the governor stated.
On his part, Odo, a former executive director of the defunct Intercontinental Bank Plc, stated that their appointment came at a time when the crashed oil price has affected the economic fortunes of the country negatively, and assured that they will explore and exploit all sources of internally generated revenue to ensure that government meets its obligations to the people.