We'll Deploy Technology In 2026 IGR Drive- Anambra Govt
By Olayinka Owolabi
Anambra State Government has promised that it would not overburden citizens of the state with multiple taxation to be able to fund the 2026 Budget.
There have been concerns from some quarters that people of the state will experience increased taxation, as the state government looks to raise revenue to fund its N757.9 billion budget for 2026.
But the Anambra State Commissioner for Budget and Planning, Chiamaka Nnake, during a post-budget presentation briefing on Tuesday at her office at the Government Secretariat, Awka, said what the state government "wants to do is to manage the tax system in a more efficient way," by deploying technology and other creative means.
“We have projected N60bn revenue from Internally -Generated Revenue. We had an N135bn budget deficit last year. One of the major sources of revenue for the implementation of this budget is taxation.
“What we are looking at is scaling up technology and expanding the tax bracket to capture as many people as possible in the tax bracket.
Taxation is not an Anambra thing; it is a universal thing. Revenue estimation from IGR is N72bn; our budget is quite impressive.
The Commissioner said the state had projected N60bn revenue from Internally -Generated Revenue, adding that one of the major sources of revenue for the implementation of the 2026 budget would be taxation.
According to her, the core deliverables for the year include Awka 2.0, the development of a new market, a housing project, and land acquisition, among others.
Nnake also said the state would not be borrowing for consumption but could borrow for commercially viable projects that would be able to pay back.
She said, “Our budget performance as of October was an impressive 61 per cent budget implementation. From November, it becomes a high point because of the dry season, and we hope that it will double. At least by December, we expect to reach 75 per cent.
“We won’t borrow for consumption, but we could borrow for commercially viable projects that should be able to pay back. For several years, our IGR performance has consistently fallen short of budgeted expectations and potential.
“In the coming weeks, we will be partnering to launch an aggressive, technology-driven renewal of our revenue system, blocking leakages, widening the tax net, supporting willing taxpayers, and enforcing compliance where necessary.”
The Anambra State Governor, Prof. Chukwuma Soludo, presented a budget proposal of N757bn for 2026 to the state House of Assembly on Tuesday for approval.
The governor said the budget has a deficit of N225.7bn, expected to be financed through hybrid funding options, public–private partnerships, improved internally generated revenue, concessions, and support from financial institutions.
“I present to you the proposed 2026 budget, totalling N757,884,487,705. Compared to the 2025 budget of N606.99bn, this represents a 24.1 per cent increase.
“We recorded over 60 per cent budget performance in 2025. Despite it being an election year, we remained focused and in execution mode.
“The 2026 budget framework is designed to drive growth across all sectors. We remain committed to responsible fiscal management, with no borrowing for consumption.

Comments
Post a Comment