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Business News of Saturday, 25 December 2021

Source: punchng.com

Kaduna plans N150bn IGR in two years, El-Rufai signs N278bn budget

Kaduna State Governor, Nasir El-Rufai Kaduna State Governor, Nasir El-Rufai

The Kaduna State Commissioner of Budget and Planning Commission, Alhaji Mohammed Sani Abdullahi, says the state is targeting N150bn as Internally Generated Revenue in the next two years.

The commissioner also said this could be achieved by expanding the revenue base without increasing tax in the state.

Abdullahi stated this Thursday in an interactive session with journalists shortly after the state governor, Nasir El-Rufai, signed the state’s 2022 budget proposal of N278.58bn into law at Government House, Kaduna.

The signed budget allocated N184.53bn to capital expenditure and N94.05bn to recurrent in a ratio of 66:37.

Abdullahi noted that education got 25 per cent of the entire budget, while the health sector followed with 14 per cent.

The commissioner also stated that the state’s urban renewal projects in Kaduna, Zaria and Kafanchan and other infrastructural projects were slated for completion in 2022.

This is just as he disclosed that the state would be inaugurating a social investment programme with over N4bn provided for the vulnerable people across the 23 local government areas of the state.

He said, “Our social protection programme is an area where the governor is very passionate. We are ensuring that people at the bottom are getting something. Next year, it would not be below N24bn because we are expanding our supports in the area through supplemental income.

“In the budget, N7.5bn was budgeted for security in 2022 this includes support for Federal Government agencies and our vigilance service.

“In 2015, our internally generated revenue was N13bn, our salary bill was N30bn. Our target was to earn enough IGR to pay our workers which we have been able to do and yesterday the Governor announced 13th month bonus for our workers.

“Our plan is for Kaduna State workers to earn one of the highest salaries in the country. We have been able to cover our salary bill from our IGR but we are half way into covering our overhead costs as well and we are hoping to cover that in two years.

“Kaduna state would be self sufficient in the next two- four years. Our projection is to raise a minimum of N150bn yearly from the N45 to N50bn that we are raising now.

“We are hoping to close down key infrastructure in the state including the urban renewal projects which is at finishing status in Kaduna, while Zaria and Kafanchan are reaching significant status.”