Bauchi govt engages stakeholders on financial diversification

To spice up the state’s internally generated revenues (IGR), the Bauchi State authorities has expressed its whole dedication to harness different sectors of the economic system for sustainable improvement.

This was disclosed on Tuesday by the state Commissioner for Finances and Financial Planning, Dr Aminu Hassan Gamawa, at a stakeholders engagement on diversification of Bauchi State economic system.

In keeping with the commissioner, the stakeholder’s engagement was meant to deliberate on methods to determine areas able to contributing to the financial development of the state.

In keeping with Gamawa, who was represented by the Everlasting Secretary within the Ministry, Alhaji Yahuza Adamu, Bauchi State has a variety of financial potentials, significantly within the areas of tourism, agriculture and strong minerals, ready to be harnessed.

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He submitted that the state can not proceed to depend on month-to-month allocations from the Federation Account.

The commissioner knowledgeable that it was in view of this that the state is collaborating with the Income Mobilization Allocation and Fiscal Fee (RMAFC) to take a look at different sources of revenues.

“The entire essence of this interactive session is on financial diversification because it is not going to be good for us to proceed counting on the federation account.

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“We at the moment are collaborating with the Income Mobilization Allocation and Fiscal Fee (RMAFC) to look inward in harnessing different sources of income era as a result of we’ve got a variety of financial alternatives in Bauchi State particularly within the areas of tourism, agriculture and strong minerals,” the commissioner mentioned.

He then assured stakeholders that the state authorities below the management of Governor Bala Mohammed is able to present the enabling atmosphere for personal sector participation within the state’s financial diversification bid.

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