AKHA Committed To Increased Revenue
The Akwa Ibom State House of Assembly (AKHA) Speaker, Hon. (Barr.) Onofiok Luke, has reiterated the commitment of the assembly to legislate on laws that would shore up the revenue status of the state.
Barr Onofiok stated this yesterday when the House of Assembly passed into law a bill to make provisions for the administration and collection of revenue due to the government and local government councils in the state and to establish the relevant administrative structures and other matters connected therewith.
He said: “We have set in motion a process that will strengthen the state’s internal revenue service for optimal performance and efficient delivery on its core mandates.
“The present economic reality has made it imperative that we look inward to ensure that we not only explore avenues to shore up the revenue base of the state but also effectively administer these revenue.
Our legislative action today is a major step towards bringing to bear our commitment to Akwa Ibom people in the second legislative year as captured in my remarks at the end of the first year.
We had promised to enact legislations that will help boost our internally generated revenue in the face of dwindling economy. The next major concern now is for us to make laws that will create more sources from which revenue will be generated’’ he stated.
The speaker thanked the entire House for their painstaking effort in ensuring that a law that would boost the internal revenue of the state was given the attention it needed.
He stated that the action of the assembly was in consonance with the commitment of the sixth assembly to ensure that it rises to the occasion when matters of importance to the state and its people arise.
The law, which takes effect from 30th June, 2016 will enables the state government establish the Akwa Ibom State Board of Internal Revenue whose operational arm shall be known as the Akwa Ibom State Internal Revenue Service.