The Delta State government has lamented a situation where the state currently gets less than three per cent revenue from property tax.
It has therefore approved the strengthening of its revenue generation in property tax to improve the internally generated revenue (IGR) in line with World Bank’s recommendation to meet certain thresholds.
Charles Aniagwu, the state Commissioner for Information, disclosed while briefing Journalists on the decisions reached at the virtual State Executive Council (SEC) meeting in Asaba, saying there was need to strengthen the institution and properly enumerating properties in urban centres to improve its tax revenue.
He explained that proper property tax was also a condition for the state government to access the World Bank Grant through the disbursement link indication (DLI).
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He said that as part of government efforts to meet the water and sanitation need of the people, state government would be partnering with the Federal Government in the P-Wash Scheme.
According to Aniagwu, the council had approved that state government be paying N295 million as counterpart funds to build three water projects across the three senatorial districts.
“The Federal Government in likewise is expected to build another three water schemes making it six water projects across the state.”
He said also that the state government in order to boost its economy and create jobs, it would be partnering two other private sector partners to secure N10 billion Central Bank one digit loan to develop the Aboh-Ogwashi Agricultural Industrial Park.
Aniagwu said the three partners, the state government and the two entities would jointly repay back the CBN loan, adding that the state has 40 per cent equity while the partner had 30 per cent a piece.