Following the dwindling revenue in Niger State, the chairman of the State House of Assembly Committee on Finance, Hon Usman Magaji said that a bill for new revenue administration presented to the House by the executive would be speedily passed into law.
Magaji who spoke yesterday during the public hearing of the bill at the press centre of the House of Assembly maintained that the vision of the state to be one of the three top economies would not be achieved if the receipt and expenditure of the state continue to depend on oil revenue from the federation account.
He said that the House recognised the fact that only with enough resources that the state would be able to achieve all her developmental vision hence the House decided to embark on public hearing on the bill for technical input.
“Contributions on the bill would be taken to lay the foundation for the bill and eventual presentation to the whole House. The state must have financial independence by looking at the available sources of the state receipts considering the dwindling oil price,” he declared.
Magaji stated further that, “ for us to continue to wait for federal allocation may not help us achieve our goals, so the revenue collecting agency needed a conducive atmosphere through the provision of legal frame work; that is why we are here”.
Also speaking the state Attorney General and Commissioner of Justice, Barrister Abdullahi Bawa Wuse said the bill was perfectly drafted by the state law reform commission through the Ministry to serve the purpose of boosting the state’s internally generated revenue.
Meanwhile the State Assembly Committee expressed displeasure over the absence of the representatives of the state Ministry of Finance and that of Local government and therefore directed the committee secretary to write the respective Ministries to explain their absence.