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Tag: IGR

  • Borno govt targets N25bn IGR in 2025

    Borno govt targets N25bn IGR in 2025

    The Borno State Government says its targeting N25b Internally Generated Revenue (IGR) in 2025 as against the N19b for this year.

    Prof. Bello Ibrahim, the Chairman Borno State Internal Revenue Service, made this known in an interview with the News Agency of Nigeria (NAN) on Sunday in Maiduguri.

    Ibrahim announced that the agency had already generated more than N18b as of September, adding that by the end of November, the agency would have surpassed its 2024 projections of N19b.

    “We are looking at generating N25b in 2025 God willing. We will intensify efforts to leverage on the little peace we are gaining in the state and expand the scope of our collections.”

    The chairman said that the increase in the state’s projected IGR in 2025 was instrumental to an innovative tax drive via automated process which had dramatically changed the fortune of revenue collection in the state.

    According to him, the state revenue service has been consistently raising the state revenue collection more than many states in the North-East with the introduction of automated processes in revenue collection.

    “If you do comparative analysis, three years; 2021 this agency was able to generate only N10b, in 2022 we managed to generate a little over N17b.

    “In 2023 we generated N19.4 or N19.6b, that’s almost N20b, and if you consider Borno State and other states that did not experience this insurgency, you will appreciate the fact that we are not doing badly.

    “By next week, we will have a strong delegation that will visit Southern Borno to carry out automated processes in Hawul, Biu, Kwaya-Kusar, Bayo and Shani LGAs; the five local governments will come onboard very soon.

    “We believe our IGR will increase tremendously by God’s grace in 2025,” he said.

    Ibrahim said that ahead of 2025 revenue target, the service had a week ago signed a Memorandum of Understanding (MoU) with a service consultant.

    He said the MoU was on Service Level Agreement on collection of revenue from grains and cattle markets through the same automated system.

    “We instructed our technical partners to integrate them (consultant) and open an account for them, give them revenue heads, identify the revenue heads that they will collect.

    “So this is how we intend to cover the gap that has been identified in our revenue collection in order to meet our projected IGR in 2025,” the chairman said.

  • Gov Abiodun reacts over NBS report on Ogun IGR

    Gov Abiodun reacts over NBS report on Ogun IGR

    Ogun State Governor Prince Dapo Abiodun has hailed the reports of the National Bureau of Statistics (NBS), which listed the State among the best in Internally Generated Revenue (IGR) in the country.

    Speaking during the public unveiling and commissioning of the Olumo Courts service apartments and associated facilities in Abeokuta on Saturday, Governor Abiodun  quoting the NBS report, noted that Ogun State’s internally generated revenue has surpassed that of several states, showcasing its economic resilience and growth.

    The governor said through various policies that his administration has been able to grow the economic base of the state to an enviable position where it no longer needs to rely too much on federal allocations.

    “According to a recent report by the National Bureau of Statistics, Ogun State generated more revenue than five states in one zone and six in another in 2023. We are among the few states that can thrive without federal support,” he stated.

    He described Olumo Courts,  located in Ibara, Abeokuta, as a significant project aimed at enhancing the quality of life for residents.

    Governor Abiodun acknowledged the criticism his administration faced regarding the urban regeneration efforts in the Government Reserved Area (GRA) of Ibara. He emphasized that the successful establishment of Olumo Courts, championed by former President Olusegun Obasanjo, has strengthened his administration’s resolve to transform urban areas throughout the state.

    “We initiated the Urban Renewal of Abeokuta, starting in Ibara GRA, despite facing substantial criticism. The achievements of Olumo Courts reaffirm that we are on the right track,” he remarked.

    Abiodun highlighted that initiatives like Olumo Courts, along with the construction of over 4,000 housing units in the past five years, have bolstered the state’s economy.

    The governor praised former President Obasanjo as a remarkable figure whose vision has paved the way for projects like Olumo Courts, which features 36 luxury smart apartments equipped with modern amenities such as a swimming pool, tennis court, gym, and squash court. He called for Ogun State’s citizens to draw inspiration from this initiative.

    Abiodun noted that Olumo Courts will not only enhance the architectural landscape but also create job opportunities and attract investments, particularly from the diaspora. He explained that the project’s approval process took 17 months due to necessary redesigns to align with urban regeneration goals.

    The governor reiterated his commitment to supporting projects that enhance the state’s economic foundation.

    In his opening remarks, Prince Rotimi Martins, a member of the Olumo Courts development team, described the project as the first smart city estate in the GRA, symbolizing growth and investment potential for the state.

    Oba Adedotun Aremu Gbadebo, the Alake and paramount ruler of Egbaland, emphasized that Olumo Courts exemplifies how environmental improvements can foster development.

    Senator Iyabo Obasanjo, daughter of former President Obasanjo, who also spoke at the event, added that Abeokuta’s unique geographical advantages position it as a beautiful city ready to welcome the world.

  • Katsina State posted N1.8bn IGR in July, says official

    Katsina State posted N1.8bn IGR in July, says official

    The Katsina State Government generated over N1.85 billion as Internally Generated Revenue (IGR) in July.

    Alhaji Isyaku Mohammed, the Executive Chairman of the state’s Internal Revenue Service, made this known in an interview with NAN in Katsina.

    According to him, the success was recorded through the introduction of central billing aimed to improve IGR in the state.

    “When I came on board in November 2023, the IGR was between N700 million to N800 million, but in July this year, we generated over N1.85 billion ,” he said.

    He further explained that the introduction of the central billing platform was to reduce the diversion of the revenue.

    “The central billing was the first to be introduced since the creation of Katsina in 1987. It is aimed at addressing leakage in revenue collection,” he said.

    He further said that the success was realised  due to the public enlightenment campaign embarked by the board on the central billing platform.

    He said the system was introduced in June to help simplify the payment of revenue to the government.

    “The new system provides an opportunity for the taxpayers to pay tax or revenue at their comfort, place of work or anywhere in the world.

    “You can pay your revenue through the use of a Tax Identification number (TIN) and you will be issued with a receipt instantly,” Mohammed said.

  • No resident will get up to N2,500 if we share Anambra’s revenue – Soludo

    No resident will get up to N2,500 if we share Anambra’s revenue – Soludo

    Anambra State Governor, Chukwuma Soludo has said that no resident will receive up to N2,500 if the state’s monthly revenues are to be shared.

    Soludo said this while speaking at The Platform, a programme by Lagos-based church, Covenant Nation, to mark the 2024 Democracy Day on Wednesday, June 12.

    He emphasised that he shares the pains of Nigerians in these difficult times.

    He said: “As a person, for example, I deeply feel the pains of Nigerians at these challenging times especially the over 100 million Nigerians who are multidimensionally poor. Times are hard.”

    “Sometimes, I just wish that I can give every resident of Anambra maybe a million naira each to ameliorate the hardship that we have, but the reality is that if we get our entire revenue in a month, both from FAAC and from our IGR and put it on the table, call all our estimated 8.5 million residents and share it, nobody will get up to N2,500.”

    Soludo lamented that it is from the same money that can’t go around for N2,500 each that he will still have to pay salaries, gratuities, build roads, and invest in health and education among others.

  • IGR: Our target is to pay salaries without FAAC – Enugu Govt

    IGR: Our target is to pay salaries without FAAC – Enugu Govt

    The Enugu State Government says its target this year is to pay salaries from the Internally Generated Revenue (IGR) rather than relying on allocation from the Federal Government.

    The Secretary to the State Government (SSG), Prof Chidiebere Onyia made the disclosure at the 49th Annual Synod of the Enugu Archdiocese of the Methodist Church on Sunday.

    According to the SSG, who represented the governor, Mr Peter Mbah at the event, the government is determined to improve the revenue earnings of the state as well as boost its Gross Domestic Product from N4 billion to N40 billion.

    Onyia explained that the government did not increase taxes but to block the loopholes in revenue generation and capture businesses that had not been paying taxes.

    He encouraged residents of the state especially the private sector to pay their taxes direct to government coffers.

    “We have succeeded in blocking people from printing fake receipts on behalf of the government and ensured that all tax payments are paid to the government.

    “Our target is to pay salaries without allocation from the Federation Account Allocation Committee (FAAC) but from our IGR,” the SSG said.

    He also disclosed that in the next 40 days, there would be pipe borne water in most parts of the state capital adding that major road constructions and rehabilitations in some parts of the state would also be completed.

    The SSG thanked the Methodist Church for its support to the government especially during elections.

    Onyia urged the clergy to assist in teaching the people on behavioral change by encouraging their members to perform their civic responsibilities including payments of taxes.

    Earlier, the Methodist Archbishop of Enugu Diocese, Most Rev. Christopher Edeh commended the governor for its achievements since assumption of office 10 months ago.

    The archbishop however, urged the government to reconsider its method of collecting taxes as the Small and Medium Entrepreneurs were finding it difficult to cope with the tax agents.

    Edeh also advised the governor to consider existing primary and secondary schools in its Smart School project noting that the government seemed to ignore the old schools while erecting new ones.

    He explained that the annual synod was the highest decision making body of the church where it reviewed and improve on its activities.

    The archbishop appealed to the government to include the church in its development programmes especially in appointive positions.

  • FG targeting 77% increase in IGR – Edun

    FG targeting 77% increase in IGR – Edun

    The Minister of Finance, Mr Wale Edun, says the Federal Government is targeting a 77 per cent increase in Internally Generated Revenue (IGR).

    Edun, who is also the Coordinating Minister of the Economy, said this on Wednesday in Abuja, at opening of the 2024 Strategic Management Retreat of the Federal Inland Revenue Service (FIRS).

    The theme of the retreat is “Re-imagining To Tax Administration for Equity and Economic Growth.

    According to Edun, tax plays an integral role in government’s quest to boost revenue that will help bridge infrastructure deficit, and build social safety nets that will cater to ordinary Nigerians.

    He commended the management of the FIRS for its commitment towards meeting its set revenue target.

    “It is commendable that the FIRS is holding this retreat at the beginning of the year to rub minds on how to increase government revenue.

    “We are projecting a 77 per cent increase in IGR. Our revenue as a percentage of Gross Domestic Product (GDP) is low at below 10 per cent. It should be much higher.

    “Government needs so much to spend on infrastructure and social services. The idea is to shift from expensive debts to domestic revenue mobilisation,” he said.

    The Executive Chairman, FIRS, Dr Zacch Adedeji, said that the retreat was a historic moment to unveil the new FIRS organisational structure, with the commitment to revolutionise tax administration in Nigeria.

    According to Adedeji, the cornerstone of this paradigm shift is the establishment of a customer-centric organisational structure designed to streamline processes and enhance efficiency in tax operations.

    “We are not merely adapting to change; we are leading it. The forthcoming structure set to kick off from February, embodies our dedication to modernise and digitise the tax administration landscape in Nigeria.

    “In our pursuit for a more efficient and contemporary tax administration methodology, we are embracing an integrated tax approach, leveraging technology at every step.

    “This approach positions FIRS at the forefront of innovation, ensuring that we meet the evolving needs of our taxpayers in a rapidly changing world,” he said.

    He said that the structure advocated for a comprehensive approach to taxpayer services, consolidating core functions and support under one umbrella.

    “By tailoring our services to specific taxpayer segments, we aim to simplify the taxpayer experience. No more complexities, no more overlapping, just a seamless and user-friendly interaction for every taxpayer.

    “In a groundbreaking move, we are shifting away from traditional tax categorisation. Instead of maintaining different departments for distinct tax categories, the new structure formulates taxpayer segments based on thresholds.

    “This tailored approach ensures that taxpayers are guided and serviced according to their specific needs, eliminating confusion and redundancy in tax administration.

    “Behind this transformative initiative are carefully considered considerations detailed in our operations plan.

    “We highlight the rationale behind our integrated approach, the benefits of comprehensive taxpayer services, and the logic behind tailored taxpayer categories, which will be presented to management in the subsequent sessions of this workshop.

    “These considerations set the stage for a more responsive, efficient and user-friendly tax administration system,” he said.

    According to Amina Ado, Coordinating Director, Special Tax Operations Group, the FIRS has a revenue target of N19.4 trillion.

    Ado said that the service surpassed its 2023 target ofN10.7 trillion and generated N12.37 trillion.

    She said that the 2024 target of N19.4 trillion can be achieved partly through improved management large taxpayers and sector contributors.(

  • NCAA MD faces sack over hidden billions of IGR

    NCAA MD faces sack over hidden billions of IGR

    The House of Representatives has accused the Nigeria Civil Aviation Authority (NCAA) of hiding billions of Internally Generated Revenue (IGR) thereby depriving the nation of its financial responsibility.

    The House of Reps Committee on Finance subsequently threatened to remove the Managing Director and other top officials from the authority to allow for more transparent leaders.

    Rep. James Falake (APC-Lagos)  said this at the resumed interactive session with revenue-generating agencies in Abuja on Friday.

    He said the NCAA was hiding revenue generated, and that was why it had refused to give the committee the requested data on the number of passengers that flew airlines.

    He, however, promised that the committee would get the money no matter how hard the NCAA tried to hide it.

    “You people have always reported a negative balance. I have done so much research this year on NCAA, which is why I have so much information.

    “If we further compel you to provide such information, somebody else will occupy that office,” he said.

    The committee unanimously agreed that if the NCAA came back and could not produce the requested document on or before Dec. 14, it would affect their seat.

    The committee said it was empowered by law to scrutinise the NCAA’s document and must be tendered on request, adding that anything such as presenting the document would amount to a waste of time.

    The committee said the abandoned recklessness going on in the nation’s domestic airlines was unprecedented.

    Falake demanded comprehensive details on how the NCAA arrived at the data of passengers flying month by month and which airline carried the passengers submitted before it.

    He urged  the Nigeria Meteorological Agency (NiMET) to also produce its reconciliation of the revenue shared by the NCAA, adding that it was not enough for the NCAA to give it just N2 billion without proper reconciliation.

    Falake, however, asked the NCAA to produce “the total number of passengers that flew all airlines on a monthly basis, and the airline,and  how many passengers they carried.

    Others included: which destination and the fare charge, where  the five per cent of the money retired was, and which bank account and distribution pattern of that sum and evidence of distribution

    The committee also threatened to issue an arrest warrant for Nigeria Airspace Management Agency (NAMA) if it failed to appear before it on Dec. 4.

    In their response to various allegations, the NCAA representatives, Captain Ibrahim Dambazau and Abubakar Gachi said  the data of passengers being requested was presented earlier and it was correct, contrary to the committee’s claim of presenting fake data.

    He said  the data was analyzed with the same document presented before the committee.

    NIMET, on his part, said it used to do account reconciliation with the NCAA before now but it had since stopped in 2017 with Federal Airport Authority of N.ligeria (FAAN).

    From the documents earlier submitted to the committee, NCAA declared N12.7 billion revenue from the share of the gross revenue allotted to regulatory agencies in the industry.

    The lawmaker, however, said the amount was below the computed gross revenue share received by NCAA worth N66 billion,  realised from both revenues accrued from local and international travels for 2022.

  • How 36 States, FCT generated N1.9 trillion IGR in 2022

    How 36 States, FCT generated N1.9 trillion IGR in 2022

    The National Bureau of Statistics (NBS) said the 36 states and the Federal Capital Territory (FCT) recorded a 1.6 per cent year-on-year growth in Internally Generated Revenue, IGR, to N1.92 trillion in 2022 from N1.89 trillion in 2021.

    This is contained in NBS report on Internally Generated Revenue At State Level for 2022.

    According to NBS, the 2022 IGR had two major revenue sources namely; taxes and  Ministries, Departments and Agencies’ (MDAs’) revenue.

    The bureau said taxes sub-category recorded in the period are Pay As You Earn (PAYE), Direct Assessment, Road Taxes, Stamp duties, Capital gain tax, Withholding taxes, Other taxes and LGAs revenue.

    According to the report:  “Similar to what was recorded in 2021, the leading states in total IGR in 2022 were Lagos, Rivers, and the FCT with ₦651,145,633,085.30, ₦172,823,232,535.44, and ₦124,366,774,519.25, respectively.

    “While the least three performing states during the year were Kebbi, Taraba, and Yobe with the value of ₦9,146,249,907.83, ₦10,238,110,125.95, and ₦10,456,776,796.18, respectively.”

    The report said PAYE was the most contributing revenue source in 2022 with a 67.62 per cent share to the total tax generated revenues nationwide.

    The bureau said capital gains tax generated the least in 2022 with a 0.24 per cent share to total tax revenue.

    The report said Oyo, Lagos, and Jigawa states led with the highest LGA revenue reported during the year.

    “The states recorded ₦11,832,437,020.33, ₦11,505,586,283.35, and ₦8,700,993,591.78, respectively,” the NBS said.

  • 2023 elections: Tinubu’ll boost Nigeria’s low IGR if elected – Faleke

    2023 elections: Tinubu’ll boost Nigeria’s low IGR if elected – Faleke

    Chief James Faleke, the Secretary, Tinubu/Shettima Presidential Campaign Council, says the All Progressives Congress (APC) Presidential candidate, Bola Tinubu, will boost the nation’s low revenue, if elected as president on Feb. 25.

    Faleke made the assertions on Thursday at the “Walk the Talk Trek” organised by the Tinubu/Shettima Network (TSN) in Abuja.

    He said: “Nigeria is suffering from low revenue compared to our needs.

    “Lagos State suffered that revenue compared to its needs. The revenue of Lagos State was brought up from N600 million to over N50 billion today.

    “Today, I can assure you that Asiwaju Bola Ahmed Tinubu will bring up the revenue of this country; he will block all the loopholes and Nigeria will never be in want of revenue.

    “I need you as Nigerian youths to believe that gone were the days when you had problem with your education. Asiwaju Tinubu has made it a point of duty that no child will be left on touched.

    “Any child that is of age must be in school, irrespective of where he or she belongs to.”

    Faleke said that Tinubu, following his antecedent in terms of infrastructure development, economic development and human capital development when he was the governor of Lagos State, had assured Nigerians of better development.

    “The antecedent of Bola Ahmed Tinibu in Lagos State is clear in terms of infrastructure development, economic development and human capital development. I’m one of the beneficiaries and so many Nigerians.

    “We believe that those of us the young stars who never knew what Lagos State was before and what Lagos is now, if you go back to history, you will appreciate the man called Bola Ahmed Tinubu.

    “This is the time that Nigerians need somebody who is dedicated, bold and has ideas that can deliver this country. We need Asiwaju Bola Ahmed Tinubu,’’ Faleke said.

    He urged youths to read the manifestoes of all political parties, saying that only APC has a better plan for the future of the country.

    Earlier, the National Chairman, Tinubu Shettima Network, Dr Kailani Muhammad, said that his group was committed to engaging and enlightening Nigerian voters that no alternative to the Tinubu/Shettima presidency.

    “We are having critical discussions with the electorates in a House to House- and heart to heart conversations with the grass root folks, market women and the youth stratum, where the bulk of the votes lies.

    “Our feedback network has been very positive in response. This could not have been possible without the efforts of our tireless foot-soldiers at the various levels of voters.

    “We highly commend TSN hierarchy at every level, without which we would not have achieved so much.

    “We embark on this `WALK THE TALK TREK’, from our National Headquarters, traversing other areas in the FCT to Unity Fountain, as a sign of the victory of Bola Tinubu and Sen. Kashim Shetima as President and Vice President respectively,’’ Muhammad said.

    He appealed to the group’s officers and members to be weary of propagandists and enemies of progress.

    “There are some people out there, who do not believe in one Nigeria and the TSN project.

    “These are those whose only objective in politics is self-interest and wealth acquisition,’’ Muhammad said.

  • Delta State Govt denies wrong doing with 13% derivation funds

    Delta State Govt denies wrong doing with 13% derivation funds

    Officials of the Delta State Government have denied any wrongdoing in handling 13% derivation funds accrued to the State.

    On Monday, Delta Commissioner for Finance, Chief Fidelis Tilije disclosed that the state’s total debt profile currently stands at N272 billion.

    Tilije, who disclosed this at a news conference in Asaba, said that the N240 billion refunds from the Federation Accounts Allocation Committee (FAAC), was not a loan but the state’s share of 13 per cent crude oil derivation arrears from 2004 till date.

    The commissioner, in the company of Mr Olisa Ifeajika, Chief Press Secretary to Gov. Ifeanyi Okowa, noted that the state government could offset its current debt if it discounted 100 per cent of its share of N240 billion refund approved by the Federal Government.

    “The total debt profile of Delta state as we speak is N272 billion out of this, N84 billion is due to contractors and  pension  arrears is about N27 billion.

    “The rest are the debt profile,  most of that were actually inherited by the Gov. Ifeanyi Okowa led administration.

    “And in this past months, we have a total expected refund of N240 billion with respect to the 13 per cent oil derivation refunds to nine states that is ongoing.

    “We had initially wanted to phase out  many legacy projects that we wanted to complete, we approached the State House of Assembly and got approval to discount N150 billion which we pruned to N100 billion as bridging finance facility from the N240 billion.

    ”I did say recently that out of this N240  billion that is expected from FAAC receipts, Delta has received N14.7 billion in three quarterly instalments.

    “And out of this N100 billion bridging finance, we have accessed N30 billion from the commercial market,” Tilije said.

    He said that with the totality of the refunds expected from FAAC, the state could clean up the outstanding debt profile if it fully discounted the N240 billion.

    The commissioner explained that the governor, being a prudent manager of human and resources, felt that it would be necessary not to allow a repeat of the experience he had as new government in 2015.

    “At inception in 2015, Gov. Okowa’s  administration saw hell managing the lean resources available to the state as a new government.

    “This informed why all the state governments had to take a bailout fund from the Federal Government in 2015.

    “The truth is that if the state government has totally taken or fully discounted the N240 billion FAAC refund, the next successive government will fall back to the experience Gov. Okowa had in 2015.

    “So, unlike the other oil producing  states, who fully discounted their refunds, Okowa decided to be his brother’s keeper, take a percentage of the N240 billion and leave the rest for the incoming government to access over a period of four years.

    “Besides, if we had gone ahead to discount the N240 billion in full, we would have been able to clean up all our  outstanding debt,” the commissioner said.

    Tiliji noted that every government financed its budgets from FAAC receipts, Internally Generated Revenue (IGR),  borrowings and sundry facilities and tasked the social media to always report facts.

    On his part, Ifeajika  said that the government was transparent and had nothing to hide.

    According to him, the state government is conscious of the rule of law which informed why it approached the State House of Assembly for approval to access the bridging finance facility from the commercial market.

    “In Delta, we are transparent, we have nothing to hide. The governor has assured that all the legacy projects will be completed before the end of his administration.”