COVID-19: Borno Gov takes step against recession, sets up team to increase IGR

Borno State Governor, Prof. Babagana Umara Zulum has raised a committee that will work out ways to boost the Internally Generated Revenue (IGR) of the state due to the impending recession that may arise as a result of the CORONA Virus pandemic.

The governor has also announced that, the state executive Council will review the 2020 budget as a result of the fall in the global oil prices.

Gov. Zulum while inaugurating the committee which is chaired by his economic adviser, Alhaji Mustapha Bulu charged them to come out with creative ideas that will bring money for the state, block leakages and prioritise government funding and projects.



Members of the team includes the Permanent Secretaries in ministries of finance, trade and investment, environment, transport, health, water resources as well as the general managers of the state’s housing and water cooperation, with the Chairman of the state’s Board of internal revenue, serving as the Secretary.

The governor noted that state executive council will review the 2020 budget given the fall in oil price which could make projected revenue from the Federation Account potentially impossible as a result of drop from more than $50 bench mark to less than $30 being the price at the moment.

“A revised budget will be sent to the Borno state house of assembly, in which less revenue will be projected from the Federation Account, while some projects will be set aside with government to focus on funding priority projects”, Gov. Zulum said.