From Timothy Olanrewaju, Maiduguri
Borno State Government has initiated a plan to step up its Internally Generated Revenue (IGR) to help meet its target for the 2024 budget.
The Commissioner for Budget and Planning, Dr. Babagana Malumbe, at a press conference in Maiduguri, yesterday, said the state expected a rise in the local revenue because of the government’s sustained efforts in revenue collection.
“Local revenue collection is expected to rise as a result of sustenance and continued enforcement of payment of ground rent, and improvement of revenue generation up to 25 percent annually,” the Commissioner said.
Borno is estimated to spend a total of N358.7 billion for the 2024 fiscal year.
The Commissioner said the government planned to invest in the development of agriculture through irrigation and other areas critical to the wellbeing of the people.
“The government will be making strategic investments in areas critical for sustained growth and development, such as education, healthcare, works and reconstruction,” he promised.
He also pledged to tackle the problem of double taxation and leakages in the revenue collections.