ECONOMY
ECONOMIC DEVELOPMENT
IGF
There are two main sources of revenue to the Assembly, they are external and internal. The external sources are in two components; Central Government, DACF, Salaries, GoG funds to decentralized departments.
Whereas the internal sources of revenue for the Assembly are the traditional sources of revenue which are property rates, fees & fines, license’s, lands and royalties and rents.
The assembly has employed a number of strategies to improve its internally generated revenue base, the major ones are the valuation of properties and street naming and property numbering. IGF contributes woefully of the Assembly’s total revenue. The bulk of Assembly’s IGF is from Rates and the least being Fines.
Date Created : 11/21/2024 8:16:54 AM