To Get Personalised contents and be able to add items to your favourites, please Sign In or Sign Up          

Abia targets N1.2b yearly revenue from infrastructure, property taxes

News » Business

Abia targets N1.2b yearly revenue from infrastructure, property taxes

By Gordi Udeajah, Umuahia


ABOUT N1.2 billion revenue has been targeted to accrue to Abia State yearly from infrastructural and property taxes and levies.

This was made known on Monday at a press conference addressed by Okey Nwubani, chairman of the Abia State Physical Planning and Infrastructural Development Fund Board in the presence of his board members.

He described the law that created the Fund as a masterpiece of legislation that would stand a test of time, adding that the said law provides that his board collects due taxes and levies on designated infrastructure and property and apply same on the approval of the state governor to develop the infrastructures the board indentifies as requiring urgent intervention.

He said, “already, the board has as part of its mandate, identified basic infrastructural projects requiring urgent intervention and as soon as we get the governor’s approval, the contractors will be mobilised to site”.

He listed some of these already identified projects as cemetery and mosque roads, erosion control of Uratta Timber Market and link roads at Assannentu Spare Parts Markets, all in Aba.

According to the board chairman, who was the pioneer Abia State Commissioner in the NDDC to execute it’s enormous and tasking mandate in a scientific way, his board decided to engage the expertise of a revenue consultant. - Nigerian news, business news, doing business in, naija, Nigeria, West Africa

Article Credit:

Updated 7 Years ago

Find Us On Facebook