Democracy Newsline NewspaperDemocracy Newsline Newspaper
  • Home
  • Politics
    Politics
    Show More
    Top News
    Kogi guber: We’ll ensure overwhelming victory for APC’s Ododo in November – Gov. Dapo Abiodun
    2 years ago
    Olayinka Braimoh’s Candidacy Endorsed By a PDP Chieftain
    2 years ago
    Kogi Guber: 21 LG Chairmen of Labour Party Defect to APC, Declare Support for Ododo
    2 years ago
    Latest News
    LG Election: Ebonyi Journalist Declares Interest for Ishielu Chairmanship Poll
    6 days ago
    APC Mobilization Gains Momentum in Otu Ward, Kabba/Bunu Local Government Area 
    3 weeks ago
    INEC Recognizes David Mark as ADC Chairman, Aregbesola as Secretary
    3 weeks ago
    Elrufai, politics is beyond mathematical projections – Edward Onoja
    4 weeks ago
  • Technology
    TechnologyShow More
    Key Takeaways from the Kogi Dialogue Marking Governor Ododo’s First Year in Office
    8 months ago
    Bala Wunti in the News Again
    8 months ago
    Dangote Refinery Slashes Ex-Depot Petrol Price to N890 Per Litre
    8 months ago
    Ajaokuta LNG Plants Will Position Kogi as a Key Player in Nigeria’s Energy Sector – Governor Ododo
    8 months ago
    Ughievwen Monarch Commends Tinubu for Approval of New 10,000 bpd Refinery in Imode
    8 months ago
Reading: Strategic Revenue Growth Initiatives: Kogi Targets ₦6 Billion Monthly IGR to Fund Salaries and Economic Growth
Share
Notification Show More
Latest News
Aare Olayinka Segelu Hails Ladoja’s Coronation, Says New Olubadan’s Reign Will Usher Prosperity
News
INDEPENDENCE ANNIVERSARY MESSAGE: Professor Hafsat Abdullahi Umar Ganduje Congratulates Nigerians on 65th Independence Anniversary
News
Democracy Newsline Newspaper Celebrates Comrade Juwon Oloruntoba’s Birthday
News
A Parade of Power: Governor Yusuf’s Bold Rebuke Echoes Through Nigeria
News
Nigeria @ 65: Kabba/Bunu/Ijumu Federal Constituency Will Be Great Again
News
Aa
Democracy Newsline NewspaperDemocracy Newsline Newspaper
Aa
  • Economics
  • Politics
  • Business
  • Science
  • Technology
  • Home
  • Politics
  • Technology
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 Democracy Newsline All Rights Reserved.
Democracy Newsline Newspaper > News > News > Strategic Revenue Growth Initiatives: Kogi Targets ₦6 Billion Monthly IGR to Fund Salaries and Economic Growth
News

Strategic Revenue Growth Initiatives: Kogi Targets ₦6 Billion Monthly IGR to Fund Salaries and Economic Growth

Democracy Newsline
Last updated: 2025/01/30 at 3:12 PM
Democracy Newsline 8 months ago
Share
SHARE

Strategic Revenue Growth Initiatives: Kogi Targets ₦6 Billion Monthly IGR to Fund Salaries and Economic Growth

Kogi State Governor, Alhaji Ahmed Usman Ododo, FCA, has charged revenue-generating agencies to intensify efforts to achieve a monthly Internally Generated Revenue (IGR) target of ₦6 billion to sustain the state’s financial independence and ensure prompt salary payments for civil servants.

The Governor’s directive was conveyed by the Honorable Commissioner for Finance, Budget, and Economic Planning, Hon.Asiwaju Idris Asiru FCA, during the 2025 budget breakdown held at the Government House.

He reaffirmed the administration’s commitment to ensuring that salaries are paid exclusively from IGR within the next six months, without imposing unnecessary financial burdens on citizens and small businesses.

In his remarks, Hon. Idris stated that Kogi State’s annual IGR as of December 2024 stood at approximately ₦ 27.73 billion, averaging ₦ 2.3 billion per month, a significant improvement from ₦6.5 billion annually in 2015. However, to reach the ₦6 billion monthly target, the state must move more than triple its current revenue generation, requiring a multi-faceted and strategic approach.

To drive this ambitious revenue growth, the Commissioner stated that the state government has outlined comprehensive strategies, including:

Strengthening Revenue Collection: He stated that the government is enhancing tax collection efficiency through technology-driven solutions that minimize leakages and optimize real-time revenue tracking.

Broadening the Tax Base: Efforts are being intensified to capture more taxable entities, especially in the informal sector, ensuring equitable contributions without overburdening businesses.

Digitalization: Implementing digital solutions for revenue collection to minimize leakages and improve efficiency.

Economic Diversification: Kogi is expanding revenue sources by investing in key sectors such as agriculture, mining, tourism, and manufacturing to reduce reliance on traditional tax revenue.

Public-Private Partnerships (PPPs): Strategic collaborations with private investors will drive revenue from infrastructure, services, and industries, reducing the financial strain on the state government.

Capacity Building and Institutional Strengthening: Revenue officers and agencies will be trained and equipped with modern tools and data-driven insights to enhance revenue administration.

Hon. Idris emphasized that it is important to note that while the administration has made significant strides in increasing the state’s IGR, achieving a monthly target of ₦6 billion would require sustained efforts, strategic planning, and the active participation of stakeholders in the state’s economy

He stressed that the revenue growth initiative aligns with Governor Ododo’s vision of financial independence, enabling Kogi to fund salaries, execute developmental projects, and reduce dependence on federal allocations.

He also noted that the administration is focused on driving an economy that works for everyone. By implementing these strategic revenue initiatives, we will ensure that civil servants’ salaries are paid from our internally generated revenue while maintaining a business-friendly environment. This buttressed the Ododo administration’s resolve and signals a bold step toward economic resilience, fiscal sustainability, and improved service delivery.

Kogi State is on track to becoming a model for revenue generation and financial independence in Nigeria he noted.

Princess Funsho Sumanu
Public Relations Officer
Ministry of Finance Budget and Economic Planning.

You Might Also Like

Aare Olayinka Segelu Hails Ladoja’s Coronation, Says New Olubadan’s Reign Will Usher Prosperity

INDEPENDENCE ANNIVERSARY MESSAGE: Professor Hafsat Abdullahi Umar Ganduje Congratulates Nigerians on 65th Independence Anniversary

Democracy Newsline Newspaper Celebrates Comrade Juwon Oloruntoba’s Birthday

A Parade of Power: Governor Yusuf’s Bold Rebuke Echoes Through Nigeria

Nigeria @ 65: Kabba/Bunu/Ijumu Federal Constituency Will Be Great Again

Democracy Newsline January 30, 2025
Share this Article
Facebook Twitter Whatsapp Whatsapp Telegram Email
Previous Article AMERICAN PASSENGER PLANE CARRYING 64 PERSONS COLLIDES WITH U.S. ARMY HELICOPTER, CRASHES IN ICY RIVER NEAR WASHINGTON; NO SURVIVORS FOUND-
Next Article Kogi Government Flags Off Nutritional Support to Vulnerable Groups, As GM CSDA Describes Gov. Ododo’s Administration As Fantastic.
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

about us

We influence 20 million users and is the number one business and technology news network on the planet.

  • Advertise

Find Us on Socials

© Foxiz News Network. Ruby Design Company. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?