KADUNA State Revenue Service has pledged to grow the state’s Internally Generated Revenue to over 80 per cent of its annual budget and also increase the IGR to N100bn by the year 2024.
Executive Chairman of the Service, Dr Zaid Abubakar, stated this during the 2020 award presentation which held on Saturday to recognise taxpayers who had been consistent in paying their taxes.
The award night also recognised other government agencies whose contributions helped the service to exceed its revenue target of N50bn last year.
According to Abubakar, KADIRS has come up with a medium and long-term collection plans in order to boost the IGR of Kaduna State.
“For the medium-term revenue collection plan, we expect that by 2024, Kaduna will be able to collect more than N100bn and by 2030, we should be able to collect more than N200bn.
“With that, we can, to a certain extent say, whether FAAC holds or not, at least 70-80 per cent of our budgetary requirements will be met through IGR,” he said
Zainab Isah, who sells ‘waina’, a local snack in Kaduna metropolis, was one of the recipients of the award.
She said the award would motivate her “to keep paying taxes to the state government.”