He stressed the need for thorough auditing procedures to identify and address any financial leakages within the government’s spending.
The governor’s emphasis highlights his dedication to promoting transparency, accountability, and prudent financial management in Taraba State.
By ensuring that auditing work is conducted diligently, Governor Kefas aims to safeguard public funds and promote responsible governance.
The emphasis on auditing reflect Governor Kefas’ commitment to promoting effective financial management in Taraba State.
The commissioner for Budget and Economic Planning in Taraba State Hon. Solomon Elisha have said Governor Darius Dickson Ishaku will complete all the ongoing projects in the state. The commissioner made this remark when presenting to the general public a budget of 149 billion that was signed into law by the governor two weeks ago.
The budget which was prepared using the IPSAS standard is in accordance with five basic parameters which includes a national inflation rate of 13%, national GDP of 4.2%, oil production benchmark of 1.88 million barrel-per-day, oil price benchmark of $57 per barrel and an exchange rate of 410.15 naira.
In his remark, the commissioner said the revenue sources include statutory allocation which is estimated to be 33%, income from value-added 12% and independent internally generated revenue IGR of 6.66 percent while AIDS and grants is expected to be 12.20 2%, loans of 21.5% and other capital receipts and federal government support of about 12.6% of the budget.
The commissioner emphasized the need for ministries, departments and agencies of government in the state to pay close attention to revenue generation as contained in the governor’s budget presentation speech. Some of the remark made by the governor which were re emphasize by the commissioner includes; the need for revenue collection to remain a top most priority and rigorous collection and account for it, he said all ministries, departments and agencies must grow their revenue as emphasize by the governor.
The commissioner said that the state government particularly in this year’s budget will be focusing on areas of economic importance that will improve the well-being of its citizen and this states why 55.98% of the budget amounting to about 40 billion is towards boasting economic activites in the states. Another area which will take about 31.4% of the budget amounting to about 22 billion is the social sector. Governance and administrative will take six billion naira in the budget and law and justice which is about 3.7% of the budget.
By Samson Zanunga.
Taraba state Governor Darius Ishaku has called on stakeholders and local government Chieftains to comply with the guidelines set aside for accurate data gathering in their respective councils for the review of revenue allocation formula.
According to the Governor, the data produced by the subnational will serve as a reference document for future review by the three tiers of government.
He urged the stakeholders to come up with what will be acceptable by the commission and called on them to comply appropriately.
He assured the commission of the state’s readiness to cooperate in all aspects with their demands.
Represented by the Head of Service, Taraba state, Ms. Suzy Nathan, the Governor reiterated the commitment of the commission to fulfill their mandate as empowered by paragraph 32(b)of part 1 to the Third Schedule of the 1999 constitution (as amended) to review from time to time the revenue allocation formula and principles in operation to ensure conformity with changing realities.
“I am aware that the commission conducted a nationwide data verification exercise of collecting, collating and analysis of the data from the subnationals came to inclusiveness and therefore could not be used for implementation.
“While maintaining that it was due but not limited to inadequate information provided by the subnationals”.
Governor Ishaku reminded the committee that the state is agrarian by nature and maybe rich in national and human resources, but this potential is being tapped and transformed into manifest wealth. He revealed that the potentials were a far cry from the yearnings of citizenry.
Leader of the committee and a former Deputy Governor of Abia state Chief Chris Akomas, stated that the major component of the committees mandate was to ensure that data submitted by the subnationals were in tandem with what is actually on ground.
He reminded the stakeholders that the commission will rely on the census data available at the state population commission to verify outrageous figures.
“As a commission we will do our best to provide a level playing field where justice and fairness is served. We will work with all the relevant stakeholders in ensuring the indices collated serve as a guide to the committee during public hearings on a future date”.
He expressed satisfaction with the cooperation the state government has exhibited during their tour in the state.
Commissioner for Budget and Planning, Hon. Solomon Elisha assured the committee that all the key actors in the subnationals work assiduously to present what is consistent with present realities.
He called on council Chieftains to comply as directed by Governor Ishaku in his speech.
He wished the committee a happy deliberation as they went into a technical session.
Taraba state ALGON chairman honourably called for true and fiscal federalism as this will give the local councils a larger percentage of revenue generated, moreso as the federal and state government were part of the subnationals.
He therefore called for a holistic review of the revenue allocation formula to be favorable to the local government as they are the ones generating the revenue and paying to center who in turn use the same resources to service the state’s and other sundry services which the local councils are a part.
Kaduna State Public Procurement Authority has allocated Fund under its budget provision for the fiscal year and intends to apply part of the fund toward payments under Call-off Contracts that may be awarded under the Framework Agreement (FA) for Provision of an E-Procurement Suite (Software as a Service) concluded through this RFB Primary Procurement process.
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