Popular Calabar Watt Market Generated Only NGN21,000 As Revenue In 2016

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

By Ogar Monday; House of Assembly Correspondent

The Head of Local Government Administration (HOLGA) of Calabar South Local Government of Cross River State has revealed that the entire revenue that accrued to the Council in 2016 from the popular Watt Market in the center of Calabar metropolis was a paltry sum of twenty one thousand naira (N21,000).

The HOLGA, Mrs. Christiana Elemi made this known when giving account of the Council’s revenue and expenditure before the Public Account Committee (PAC) of the State House of Assembly.

Mrs. Elemi stated that before leaving office, the former Chairman of the Council had awarded the contract for the collection of revenue to a certain company to be making returns of twenty thousand and the company was still defaulting which led to a running legal battle.

Also speaking at the public hearing, Mrs. Anwudua Efa, Director of Finance for Akamkpa Local Government stated that most companies in the local Government are either shutting down or moving their businesses to neighboring Ebonyi State and thus negatively affecting the Council’s revenue.

Mrs. Efa, attributed this movement to double taxation or over-taxation, saying that while Ebonyi charges four thousand naira (N4,000) for haulage Cross River charges twelve thousand naira (N12,000) and pleaded with the Assembly to intervene and see how that can be sorted out.

On his part, the Chairman of the Committee and Member Representing Obudu, Hon. Steven Ukpukpen frowned at the situation where council chairmen concession council properties or revenue points beyond their administration, stating that it amounts to mortgaging the future of the council for immediate gains.

Ukpukpen stated that the law permitting that will definitely be amended before the Local Government elections and that those Council Chairmen who have served and left are not yet free from their actions while in office, as they might be called to come and account for their stewardship if found wanting.

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.


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!

Aisha Buhari Host APC Female Aspirants In Abuja, Preach Oneness

By CrossRiverWatch Admin Listen To The Report The wife of the President of the Federal Republic of Nigeria, Mrs.


Cross River Begins Second Outbreak Response Polio Vaccination Exercise

By Ogar Monday Listen To The Report The Cross River State Government has begun the Second Outbreak Response, OBR2,


Youths Have Potential To Determine 2023 Elections Says INEC National Commissioner, Festus Okoye

By Sylvia Akpan and Mary Bassey Listen To The Report Barrister Festus Okoye, the National Commissioner in charge of


Leave a reply:

Your email address will not be published.

Mobile Sliding Menu

Share this now