The Akwa Ibom State Commissioner for Finance, Mr. Akan Okon, has noted that the ingenuity of Governor Udom Emmanuel in the last one year made it possible for the State to realize over N3 billion as monthly internally generated revenue (IGR).
Mr Akan Okon maintained that such a feat has never been recorded in the history of the state, and attributed it to the government’s ability to check leakages and the increase in the number of investments and people under the tax net.
The commissioner stated this while answering questions from journalists at a press briefing held in Uyo last weekend.
He hinted that the figure was gotten from the returns of taxes and other internal revenue sources.
“I like to state for the records that at no particular time did the Akwa Ibom State government receive IGR up to 3 billion, except during the tenure of Governor Udom Emmanuel… throughout the 29 years of Akwa Ibom State, at no time did she receive IGR up to 3 billion except during the government of Gov. Udom Emmanuel, I think that should be a kudos to this government.”
He added that the Ministry is working tirelessly to generate more money internally on a monthly basis as such generated revenue is shared into projects and funding for local government.
The Commissioner stated that the introduction of the e-receipt has greatly helped the state to cut cost. He said it will take some time before it applied at the local government levels but insisted that at no distant time, paper receipts will be phased out in the state.