Katsina State Aims for Fiscal Independence with Ambitious N40 Billion Revenue Target in 2024
- Katsina City News
- 17 Jan, 2024
- 428
Katsina Times
The Katsina State Internal Revenue Service has set a N40 billion Internally Generated Revenue (IGR) target for the 2024 fiscal year. Alhaji Isiyaku Muhammad, the Chairman, announced this during a meeting with local council chairmen and stakeholders in Katsina, emphasizing efforts to enhance revenue collection.
Muhammad highlighted that achieving this target would enable the state government to cover all recurrent expenditures solely with the IGR, eliminating dependence on federal allocation. He expressed concern about the state's current position nationally in terms of revenue generation, noting that it is among the six states unable to sustain themselves without federal allocation.
The Chairman revealed that poor collection processes had resulted in the state losing 70% of its revenues, despite generating a substantial IGR not reflected in government records. He assured that comprehensive measures would be implemented to secure a higher ranking for Katsina State in the 2024 national revenue report, aiming for the 5th or 6th position.
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