Taraba plans to reduce dependence on federal revenue allocation

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The Taraba State government has stepped up its attempts to mobilise revenue to reduce dependence on the Federal Account Allocation Committee, FAAC.

The state Commissioner of Budget and Economic Planning, Solomon B. Elisha, stated this on Tuesday while briefing journalists in Jalingo, the state capital, on the budget under the administration of Gov. Ishaku for 2023.

He debunked the allegations that the governor has put the state over N200 billion debt.

Tne commissioner, said the allegation emanated from opposition parties, stressed that the 2023 budget of the state was based on macroeconomic assumptions, which include the exchange rate of one dollar to N435.57, international oil price benchmark of $70 per barrel, a national inflation rate of 17.16% and GDP growth of 3.75% among others.

He noted that the timely passage of the 2023 appropriation bill into law is vital for the completion of the government’s ongoing critical projects and transition to a new administration in the state.

The budget, according to him will be achieved through improved revenue mobilisation by blocking leakages and charting new revenue sources.