Borno IGR hits N6.6
Tada Jutha, Maiduguri
The Borno State Commissioner for Finance, Budget and Economic Planning, Adamu Lawan has said that N6.6 billion internally generated revenues (IGR) were collected and paid into treasury single account (TSA).
The Commissiner said that the State’s IGR rose by 61 per cent over last year’s
first half of N4.1 billion.
While announcing the increase in IGR Friday at an inter-ministerial briefing in Maiduguri, he disclosed, “The engagements of revenue collection consultants; and computerization of revenue collections by Ministries, Departments and Agencies (MDAs) have expanded the tax base
of individuals; firms and companies in the Organised Private Sector (OPS).
“We also adopted the motivations of our staff in the ‘collection and remitting of revenues’ into TSA, instead of individual or MDAs’ official bank accounts.”
He further disclosed that the MDAs’ computerization of tax collection and remitting into TSA has also expanded the tax bases of state government.
According to him, has plugged various forms of diverting generated revenues by some consultants and MDAs.
He noted that the coronavirus (COVID-19) pandemic; has informed Governor Babagana Zulum’s administration to review and reduce this year’s budget by 30 per cent.
“The bill to review 2020 Budget over COVID-19 pandemic; has been presented to State House of Assembly for deliberations and adjustments,” he said, noting that 42 per cent budget performance was also recorded in the first half.
Borno IGR hits N6.6 billion in first Half