Kaduna Revenue Generation Reaches 871 In 2022 Report.

Kaduna State Government has generated N77.1 billion as Internally Generated Revenue (IGR) in 2022, against the N88.5 billion budgeted, signalling  87.1 per cent performance.

This was disclosed in Kaduna on Wednesday at the presentation of the Citizens Accountability Report (CAR) on the implementation of Kaduna State 2022 budget.

Presenting the report, the Executive Director, SkillsFuture Nigeria, Bolaji Osho says this is a laudable achievement.

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.

“Over the years, the Kaduna State Government has demonstrated an aggressive drive to improve its IGR as indicated by the upward trend from 2019 to 2021.

“In 2019 for example, the government budgeted N41.7 billion but generated N43.9 billion, representing 105 per cent performance.

“In 2020, N29.4 billion was budgeted but 48.9 billion was generated, representing 166 per cent performance, while N51.7 billion was budgeted in 2021 and N52.4 billion was generated, representing 101 per cent performance,” he said.

Osho explained that the engagement would engender public trust and strengthen transparency and accountability in the governance process.

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.

The personal taxes comprise of Pay As You Earn and Direct Assessment.

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.

 NAN