Water Board Can Generate 150 Million Naira Monthly From Calabar – Prof. Igile, MD, Cross River State Water Board Limited

In Breaking News, Business & Economy, News, Politics, Reports

By Ogar Monday, House of Assembly Correspondent

cross-section-of-water-boards-md-appearance-before-the-house-committee-on-finance-and-appropriation

The Managing Director, Cross River State Water Board Limited, Prof. Godwin Igile has said that the Cross River State Water Board has the capacity to become an “oil well” with the capacity to bring in millions monthly as revenue if its full potentials can be harnessed.

Prof. Igile made this known while rendering account of his board before the Cross River State House of Assembly Committee on Finance and Appropriation on 2016 half year budget performance review.

Igile added that the company has the capacity to generate 150 million naira monthly from only Calabar  and  more than 6 billion naira across the State at a 30% optimal performance level and that countries like Uganda are making billions from the water sector alone.

He blamed the poor performance of the board on the consultants engaged by the government for water bill collection, saying the consultants, Techvibes International Limited are hindering the revenue drive of the board.

The MD who said 70% of water generated by the board is lost as non revenue waters because of activities like pipe burst, water stealing among others said that the Ikom, Ogoja, Obudu water project completed and ready for commission with that of Obubra and Okpoma in different stages of completion.

Earlier speaking, the Chairman House Committee on Finance and Appropriation, Hon. Eteng Williams (Yakurr II) said that the budget review is a core responsibility of the legislature and it is a duty that they will see to its fruition.

He decried the situation where Ministries, Departments and Agencies (MDAs) refuse to turn up for the review and vowed that the House will take drastic actions against such MDAs, saying they can’t be spending money and not expect to give public account of how such monies were spent.

Since You Are Here, Support Good Journalism


CrossRiverWatch was founded on the ideals of deploying tech tools to report in an ethical manner, news, views and analysis with a narrative that ensures transparency in governance, a good society and an accountable democracy.

Everyone appreciates good journalism but it costs a lot of money. Nonetheless, it cannot be sacrificed on the altar of news commercialisation.

Consider making a modest contribution to support CrossRiverWatch's journalism of credibility and integrity in order to ensure that all have continuous free access to our noble endeavor.

CLICK HERE

New Feature: Don't miss any of our news again.Get all our articles in your facebook chat box.Click the Facebook Messenger Icon below to subscribe now

Text Advert by CRWatch :Place Yours

Will You To Learn How To Make Millions Of Naira Making Special Creams From Your Kitchen?.Click Here


Expose Your Business And Make More Sales. Advertise On CrossRiverWatch.com Today

You may also read!

#EndPoliceBrutality: Cross River Probe Panel Shift Sitting From Adjourned Date

By Patrick Obia and Rachel Idim The sitting of the Panel of Inquiry into Police Brutality and Restitution in

Read More...

PITA: Tax Appeal Tribunal Orders Union Bank To Pay Cross River Government N56.6m

By CrossRiverWatch Admin A Tax Appeal Tribunal sitting in Benin, the Edo State capital, has ordered Union Bank Plc

Read More...

Cross River: Pensioners Accuse Government Of Meanness, Lament Over 13 Billion Naira Gratuity

By Maxwell Effiong The Association of Cross River State Local Government Pensioners, ACRSLGP, has accused the State Government of

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu

Share this now