Federal Allocation, IGR Inadequate For Development Projects – Yero Kaduna State governor, Mukhtar Ramalan Yero yesterday said that federal allocation and the dwindling internally generated revenue are grossly inadequate to execute meaningful development projects in the state. He said the state government will soon commence a programme where development projects would be based on tax payment by residents. According to the governor, “The current Internally Generated Revenue (IGR) of the state and the dwindling federal allocation were not enough to develop Kaduna State.” The governor disclosed this in Kaduna while launching the Point of Sales (PoS) Terminal for the revenue collection and powered by Skye Bank. According to Governor Yero, his government has a huge budget that is expected to be financed by the IGR, unfortunately, the revenue has been stagnant at about N1billion per month, for the past five years, hence the need to develop new and accountable means of revenue collection. “It is against this background that we have introduced POS to check revenue leakages and other challenges associated with tax collection,” he said. On the government’s plan to take focus development on tax-paying residents, Governor Yero explained that, residents who evade taxes were the ones who criticise government the most.
Posted on: Wed, 24 Sep 2014 13:19:14 +0000
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