Katsina’s IGR Hits N10.6bn

Katsina State Government said its Internal Generated Revenue (IGR) hits N10,670,299,951.37 as of August this year.

Permanent secretary, ministry of budget and economic planning, Abdullahi Abubakar, disclosed this during an interaction with the press on budget breakdown, recently.

“During the 2023 budget defence exercise, it was observed that the Internal Generated Revenue as of 31st August 2022 was N10,670,299,951.37 from the projected figure of N53,337,911,966.00 which represents 20.01 per cent.”

The Permanent Secretary attributed the poor collection of revenue to the new tax rates yet to be implemented, and non-compliance with accounting extent rules and procedures on part of revenue officers.

He further stressed  that six ministries received special attention funds of N138.1bn in the 2023 budget, where the ministry of environment received the highest allocation of N31.7bn representing 17.25 per cent

The water resources got over N29.2 billion, health N23.9 billion, works allocated the sum of N20.9 billion, while the education sector got  N18.6 billion and agriculture N13.6 billion.

Abubakar maintained that despite the turn of events, the capital expenditure performance stands at N102,476,564,682:30 which represents 22.55 per cent of the 2022 revised budget.