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Bauchi Raises Internal Revenue From N300m To N2bn, Targets N3bn By Year-end

Jerry Emmason by Jerry Emmason
1 year ago
in Business
Bala Mohammed Bauchi
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The Bauchi state government has said that it has significantly improved its Internally Generated Revenue (IGR) from less than N300 million at inception to over N2 billion, with a target of N3 billion before the end of 2025.

The State Commissioner of Finance, Dr. Yakubu Adamu, disclosed this while presenting the government’s tenure report during the ‘Scorecard’ programme, organised by the Ministries of Information and Communication, Budget and Multilateral Coordination, in collaboration with media organisations in the state.

Adamu said Governor Bala Mohammed’s administration has prioritised the payment of workers’ salaries, debt servicing, and other mandatory obligations, noting that about N11 billion is currently spent monthly on salaries for state and local government workers.

On industrial development, the Commissioner revealed that the state government is partnering with a Chinese company to establish a cement production plant in Gwana District of Alkaleri local government area, adding that the company has already mobilised to site and commenced production processes.

Responding to concerns on pension, Dr. Adamu announced that the governor has approved a monthly allocation of N100 million for the payment of pension for state retirees and another N100 million for local government retirees aimed at reducing the backlog ahead of the full implementation of the Contributory Pension Scheme.

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The commissioner also assured that the state governor has introduced a special plan to clear all outstanding pensions soon, in addition to the ongoing monthly pension disbursements.

He also highlighted reforms in the state’s payroll system, saying the administration inherited a system riddled with ghost workers and omissions, but has since cleaned and regularised the process.

Dr. Adamu reaffirmed the government’s commitment to accountability, transparency, and continuous improvement in revenue generation.

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