Anosike Proposes Revenue Plan to Boost Abia's Economy

Dr Kelechi Anosike, the Peoples Democratic Party (PDP) governorship candidate in Abia State, unveiled a revenue plan aimed at enhancing the state's financial resources through foreign investment, industrialization, and the development of solid minerals. He emphasized the need to grow the revenue base without imposing additional taxes on petty traders and low-income earners.

Anosike's strategy includes financing a proposed N90,000 minimum wage and other welfare programs by shifting focus from taxing the informal sector to promoting investment and productive activities. He identified solid minerals, oil, manufacturing, agriculture, and the commercial sector as key areas for development.

Anosike plans to attract foreign direct investment to broaden the tax base through increased production and employment. He also intends to abolish daily levies on low-income operators and conduct a comprehensive review of Abia’s tax system.

His broader economic program includes establishing three industries annually and creating a Traders Microfinance Bank to support traders and artisans.