Business

IGR: Kaduna Govt rakes in N44bn in 10 months

The Kaduna State Government has generated N44 billion as Internally Generated Revenue (IGR) from January to October 2022, according to the State Bureau of Statistics (KDBS).

The performance was based on the Monthly IGR Performance Report, published on KDBS website on January 4.

The N44 billion IGR generated represents 62.4 per cent of the N70.5 billion projected revenue target for the year, leaving a variance of N26.6 billion.

Kaduna State IGR Monthly Performance in billions (N) from Jan. to Oct., 2022

According to the report, the IGR increased from N2.9 billion in January to N5.8 billion in June and further upward to N9.8 billion in September before declining to N3.6 billion in October.

The N3.6 billion generated in October represents 61.2 per cent of the N5.9 billion targeted for the month.

It listed the five top performing revenue generating agencies to include Kaduna Internal Revenue Service with N1.5 billion, the Ministry for Finance with N1.3 billion and Kaduna State Geographic Information System with N320.4 million.

READ ALSO: FG releases N13.89bn pension for 2022 retirees

Others were the Kaduna State University with N108.9 million and Kaduna State Urban Planning and Development Agency with N65.9 million.

Reacting to the development, Mr. Simeon Olatunde, Coordinator, Kaduna State Tax Justice Network, rated the performance as average.

He urged the state government to strengthen the implementation of tax for service initiative with a view to improve revenue generation to meet its targets.

Olatunde also called on KADIRS to strengthen its automated revenue collection mechanism and block leakages to guard against siphoning of revenues into private pockets.

“We are also calling on taxpayers in the state to support the government through voluntary tax payment to enable it to deliver development projects that will impact on the lives of the people,” he said.

The Star

Editor

Recent Posts

How and why Sunrise lost $2.35bn claim against Nigeria, By GARBA SHEHU

By GARBA SHEHU There are good reasons why Leno Adesanya and his company, Sunrise Power…

4 hours ago

Stray bullet kills 400-level Niger varsity student

A 400-level student of Ibrahim Badamasi Babangida University, Lapai (IBBUL) in Niger State, Isma’il Ishaq…

5 hours ago

Low turnout recorded in Kano by-election

The by-election for the Dawakin Kudu State Constituency in Kano State recorded low voter turnout…

5 hours ago

Anambra reviews 180 criminal cases over land disputes

The Anambra State Ministry of Justice is reviewing about 180 criminal cases arising from land…

5 hours ago

Bandits demand N30m ransom for six Zamfara clerics

Bandits who kidnapped six Islamic clerics in Zamfara State have demanded N30 million for their…

6 hours ago

I rejected N250m offer to back Obasanjo’s third term — Aliyu

Former House of Representatives Minority Leader, Farouq Aliyu, has alleged that he was offered N250…

6 hours ago

This website uses cookies.