Investor Presentaiton

Abia State Government of Nigeria Revenue is all the amount of money the government believes it will collect during the year from recurring WHERE WILL THE MONEY COME FROM? 2020 Budgeted Revenue and Financing taxes, levies and fees; put 2% simply, this refers to money 0% 9% collected on behalf of citizens. 7% 1% States in Nigeria receive a share of revenues collected federally such as oil revenues, corporate income taxes, VAT and excises and duties. These are called statutory allocation, VAT and other statutory revenue in the budget and are transferred to the states from the federation accounts. Revenues that states directly collect and retain for its own use are called internally generated revenue (IGR); IGR includes personal income taxes, road taxes, property taxes etc. 17% 24% 40% Statutory Allocation Independent Revenue Domestic Grants Foreign Grants Other Capital Receipts Internal Loans External Loans Opening Balance 2020 Approved Estimates ............ Budget of Economic Repositioning. ............. 362

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