At the Peoples Democratic Party (PDP) Governors’ summit on Wednesday, November 27, the Chairman of the Party, Chief Uche Secondus called on governors elected under the party’s platform to expand their Internally Generated Revenue (IGR) base to meet the needs and aspirations of their people.
Represented by the Party’s National Financial Secretary, Abdullahi Maibasira, Secondus advised the governors to think outside the box and explore other sources of revenue instead of depending on federal allocations.
The National Party Chairman who noted that the plethora of problems plaguing the country such as poverty and poor infrastructure have necessitated the need for more sources of funds.
“Make revenue base work. Check where you have competitive and comparative advantage to improve your revenues,” he said.
Secondus also charged the governors on prudence in resources management.
“There must be a cut down in waste to be able to prepare for tomorrow”, he said, while urging the governors to eliminate waste, promote ease of doing business, address multiple taxation, ensure transparency in the tax administration, and properly govern their states.
Speaking on fluctuations in the price of oil, the Director-General of the PDP Governors Forum, Osaro Onaiwu, said that it was imperative for states to diversify their sources of revenue to forestall debts and other inconveniences.
“Whether money comes from Abuja or not, there will still be a need for the states to build infrastructure, pay workers, provide healthcare, improve education and others,” he said.
“This is not to be mistaken for a call for more taxes, but rather, a call to begin to think out of the box in preparation for when Abuja cannot share as much as it does now”.
Onaiwu stressed that the IGR summit was packaged by the PDP Governors Forum due to the foresight that government could no longer depend on crude oil to meet the yearnings of Nigerians.
The summit which continues on Thursday, November 27, will feature discussions on how the governors can proffer enduring and sustainable solutions to economic development issues, and the generation as well as effective application of digital formats to improve internally-generated revenue (IGR) strategies and platforms in the states and local government areas (LGAs).
A keynote on the Imperatives of Developing Internally-Generated Revenue Options for State Governments in a Recessed Economy will also be presented by former Governor of Anambra State and the 2019 Vice-Presidential candidate of the PDP, Mr. Peter Obi.
At the event were the Governor of Bayelsa State and Chairman of PDP Governors Forum, Hon. Henry Seriake Dickson and other governors of the Party.