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Ugwuanyi: Enugu is the only state that can survive without FAAC allocation

Ugwuanyi: Enugu is the only state that can survive without FAAC allocation
January 21
18:32 2020
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Ifeanyi Ugwuanyi, the governor of Enugu state, says the state is the only one in the country that can survive without allocations from the federation accounts allocations committee (FAAC).

Governors and their commissioners of finance gather in Abuja, the country’s capital, every month to share revenue generated between the three tiers of government.

The governor was speaking on Tuesday during the launch and public presentation of the revised Enugu state business agenda (SBA) which was introduced by the Enugu coalition of business and professional association (ECOBPA).

Ugwuanyi said the state ranks behind Lagos State in internally generated revenue, adding that the administration had blocked all revenue leakages.

“Our state is currently the only one in the country that survive without federal allocations. We pay our workers and pensioners as and when due,” NAN quoted Ugwuanyi, who was represented at the occasion by Simon Ortuanya, secretary to the state government, said.

The governor explained that issues of multiple taxation has been dealt with as part of plans to create an enabling environment for investors.

He, however, said that the state government was not unmindful of some touts that go about extorting money from business owners, adding that such people do not have the mandate to that.

He said that the state government had a unified accounting system with a central revenue account.

Ugwuanyi said that the administration had taken the security of lives and property to the next level to ensure that businesses thrive in the state.

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February 04, 2019USDGBPEUR
INTERBANK306397354
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