Niger Delta
Obaseki Sets N60bn IGR Target For 2023 Fiscal Year
Governor Godwin Obaseki of Edo State on Friday set an Internally Generated Revenue (IGR) target of N60 billion for 2023 fiscal year in the State.
Disclosing this during the sixth edition of the yearly Alaghodaro Investment Summit in Benin, the Governor noted that the increment would come from exploring opportunities in culture, forestry, manufacturing, agriculture and technology to drive development.
“In the last six years, things have not been easy, but we have tried in our own little way. You can see that from 2016 when we got in, we tried to increase Internally Generated Revenue (IGR).
“Except for the COVID-19 year, we sustained an increase in our IGR and we hope to end next year with over N60 billion IGR.
“We see growth ahead of us and this growth is going to come from certain endowments that we have which most people do not have.
“Our culture, people must come and see us and admire what our forebearers built and our forestry assets, the world is talking about net zero carbon and we have something to contribute to the environment and environmental economy.
“Manufacturing is the way to go. Edo has the largest onshore gas reserve in Nigeria with most of our gas are in the swamps and the offshore.
“With that energy source, there’s no reason we cannot generate enough energy to attract investors to drive industrialisation.
“Agriculture, that’s what we grew up with. Of our 19 million square km of land, there’s practically no way we cannot grow something.
“For us, the future is technology, because the world is talking about technology and that is the new area of focus,” Obaseki said.
The Governor, therefore, emphasised on the need for Nigeria to move the economy from consumption to production.
According to him, in spite of all the challenges that are faced as a country, Nigeria has over 200 million people who are going to be 450 million in 2050 and will not stop consuming.
Asue Ighodalo, Chairman of the board of Alaghodaro Limited, in his welcome address, said the summit would present opportunities for key stakeholders and the private sectors to determine how to navigate the challenges facing the nation’s economy.
The Tide’s source reports that the summit is organised yearly to mark the anniversary of Obaseki in office and showcase the progress being recorded in transforming the state.
The theme of the event was Edo’s Transformation: Partnerships, Resilience, Impact.
Niger Delta
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Niger Delta
Commissioner Hails RSHA Speaker Over Promise Of Constituency Projects To Ogu/Bolo
The Rivers State Commissioner for Physical Planning and Urban Development, Rt. Hon. Evans Bipi, has lauded the Speaker of the State House of Assembly, Rt. Hon. Victor Oko-Jumbo, over his promise to attract constituency projects to Ogu/Bolo Local Government Area.
The Speaker had during the commissioning of the Ogu/Bolo Legislative Assembly Complex executed by the Ogu/Bolo Council Chairman, Engr. Ishmael Oforibika, promised to attract constituency projects to Ogu/Bolo in the absence of the representative of the area in the Assembly.
It would be recalled that the lawmaker who represented Ogu/Bolo Constituency at the beginning of the 10th Assembly, Arnolds Davids, was among the 27 former lawmakers who lost their seats in the Assembly on the 11th of December, 2023, following their defection to the All Progressives Congress (APC).
Bipi, who is also the political leader of Ogu/Bolo, commended the Speaker for promising to fill the void created in the seat of Ogu/Bolo Constituency in the 10th Assembly by attracting constituency projects to the area.
He thanked the Speaker for promising to initiate measures, by embarking on needs assessment in Ogu/Bolo Constituency to know the needs and aspirations of the people and relay them to the Governor for action.
Bipi promised to work with the Speaker to actualise the move with a view to bridging the yawning gap of constituency projects in Ogu/Bolo.
He also dismissed insinuations by some persons on social media that Ogu/Bolo still has a representative in the 10th Assembly.
Bipi also reiterated his call on the Independent National Electoral Commission (INEC) to include Ogu/Bolo Constituency, along with the other 26 State Constituencies in Rivers State, in its upcoming bye-elections scheduled across the country. Emphasising that this “would guarantee full, equal, and effective representation for the people of the 27 State Constituencies at the 10th Rivers State House of Assembly, ensuring that their voices are heard and their interests are protected”.
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