IGR: Kaduna Generates N77.1bn In 2022 – Report
The Kaduna State government has generated N77.1 billion as Internally Generated Revenue (IGR) in 2022, against the N88.5 billion budgeted.
This was announced in Kaduna on Wednesday at the presentation of Citizens Accountability Report (CAR) on the implementation of Kaduna State 2022 budget.
The executive director, SkillsFuture Nigeria, Mr Bolaji Osho, who presented the report, described the achievement as commendable, considering the cash crunch that characterised the 2022 fiscal year in the State.
He attributed the 87.1 per cent performance to the consolidation of the state government’s aggressive IGR drive across major sectors of the economy.
The CAR identified the critical source of tax revenue for the state as personal taxes which recorded 144.8 per cent performance during the period under review.
“Kaduna State Internal Revenue Service generated the highest revenue of N35.5 billion against a budget of N29.9 billion representing 118.5 per cent.
“This was followed by the Kaduna State ministry of Finance with a revenue target of N13.3 billion but generated N15 billion, representing 113 per cent performance. The Kaduna Geographic Information System also generated N5.1 billion against the N12.5 billion budgeted for the year, representing 40.4 per cent performance”.
The report further showed that “the government spent N254.9 billion out of the N309.9 billion budgeted for 2022, representing 82.2 per cent performance, leaving a variance of N55 billion.
“On capital expenditure, the government spent N165.6 billion as against N196.8 billion budgeted for the year, representing 84.1 per cent performance, leaving a shortfall of N31.3 billion. For recurrent expenditure, the government spent N89.3 billion as against N113 billion, representing 79 per cent performance with a shortfall of N23.8 billion.On revenue performance, the government realised N255.2 billion as against the N309.9 billion projected, representing 82.2 per cent performance with a variance of N54.7 billion.”
Read Also: Aisha Buhari Commission POWA Skills Acquisition Centre, Abuja
The recurrent revenue, made up of government share of Federation Allocation Account and Internationally Generated Revenue (IGR) was N150.3 billion as against N157.7 billion representing 95.3 per cent performance with a variance of N7.5 billion.
Earlier, the permanent secretary, ministry for Finance, Malam Mohammed Sanusi, explained that the presentation of the CAR was in line with the government’s drive for transparency and accountability.
Similarly, Hajiya Hadiza Idris, citizens co-chair, Open Government Partnership Kaduna, commended the ministry for Finance for the consistency in presenting the report for public scrutiny.