The Anambra State Governor,
Willie Obiano, has begged the federal government to refund him N10billion spent
on the rehabilitation of federal roads in the state.
Obiano said his 2020 budget
estimate of N137bn would be partly funded by the money, which it hopes that the
Federal Government would reimburse him soon.
The governor, who stated this in
his budget breakdown for the 2020 fiscal year, said, “We adopted the following
macroeconomic assumptions for the budget estimates.
“We expect to receive N10billion
as reimbursements from Federal Government for works done on Federal roads out
of the amount owed to the state.
“A crude oil price benchmark of
US555,bbl and an average daily production of 2.18m barrels average in line with
the Federal Government’s Medium Term Expenditure Framework/projections,
translating to a projected annual FAAC of N43.7bn as against the 2018 figure of
N4Obn.
Obiano added, “Value Added Tax
revenue projection is pegged at N15.5bn annually, which is a 46% increase from
the 2019 figure of N10.6bn.
“Internally Generate Revenues are
projected at N2.5bn monthly (N30.0bn annually) compared with the current actual
run rate of N1.48bn monthly (N17.8bn annually).
“We plan to achieve this by
optimizing our IGR windows through continuous enumeration and automation as
well as strengthening our enforcement initiatives in the State and sustaining
the growth of our tax database.”
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