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    MarketForces Africa » MarketForces News » Katsina State Posted N1.8bn IGR in July, Says Official
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    Katsina State Posted N1.8bn IGR in July, Says Official

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiAugust 27, 2024No Comments2 Mins Read
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    Katsina State Posted N1.8bn IGR in July, Says Official
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    Katsina State Posted N1.8bn IGR in July, Says Official

    The Katsina State Government says its Internationally Generated Revenue (IGR) increased from N700 million to N1.856 billion in July.

    Alhaji Isyaku Mohammed, the Executive Chairman of the state’s Internal Revenue Service, made this known in an interview with the News Agency in Katsina.

    According to him, the success was recorded through the introduction of central billing aimed to improve IGR in the state.

    “When I came on board in November 2023, the IGR was between N700 million to N800 million, but in July this year, we generated over N1.8 billion,” he said.

    He further explained that the introduction of the central billing platform was to reduce the diversion of the revenue.

    “The central billing was the first to be introduced since the creation of Katsina in 1987. It is aimed at addressing leakage in revenue collection,” he said.

    He further said that the success was realised  due to the public enlightenment campaign embarked by the board on the central billing platform.

    He said the system was introduced in June to help simplify the payment of revenue to the government.

    “The new system provides an opportunity for the taxpayers to pay tax or revenue at their comfort, place of work or anywhere in the world.

    “You can pay your revenue through the use of a Tax Identification number (TIN) and you will be issued with a receipt instantly,” Mohammed said. #Katsina State Posted N1.8bn IGR in July, Says Official

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    Ogochukwu Ndubuisi
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    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

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