Anambra State Governor, Prof Charles Soludo, has set a three-month target for the state’s board of internal revenue to increase the Internally Generated Revenue (IGR) of the state.
He set the target while inaugurating the new members of the Anambra State Board of Internal Revenue.
The governor, who said the state government was running a deficit on IGR, which was one of the key projections of his government, threatened to disband the board if it failed the target.
Soludo, according to a statement issued by his press secretary, Christian Abaruime, on Thursday, noted that the generated revenue in the state was not even close to 50 per cent of what he anticipated to achieve.
He said that he expected to have the revenue body double its initial revenue within its first four months because “the state government should be making more than N3bn per month, which has yet to happen.”
The governor added, “FAAC allocations are unpredictable, but we have an economy with an estimated value of up to N5trn.
“As of Monday, we were dangling around N1bn per month, which is extremely low. You can see how far we are doing in relation to the potentials that exist.
“We will interface and evaluate performance every three months. If this board fails, we will disband it and create a new one.”