The Borno State Commissioner for Finance, Budget and Economic
Planning, Adamu Lawan has said that N6.6 billion internally generated
revenues (IGR) were collected and paid into treasury single account
(TSA).
According to him, the State’s IGR rose by 61 per cent over last year’s
first half of N4.1 billion.
While announcing the increase in IGR Friday at an inter-ministerial
briefing in Maiduguri, he disclosed: “The engagements of revenue
collection consultants; and computerization of revenue collections by
Ministries, Departments and Agencies (MDAs) have expanded the tax base
of individuals; firms and companies in the Organised Private Sector
(OPS).
“We also adopted the motivations of our staff in the ‘collection and
remitting of revenues’ into TSA, instead of individual or MDAs’
official bank accounts.”
He further disclosed that the MDAs’ computerization of tax collection
and remitting into TSA has also expanded the tax bases of state
government.
This; according to him, has plugged various forms of diverting
generated revenues by some consultants and MDAs.
He noted that the coronavirus (COVID-19) pandemic; has informed
Governor Babagana Zulum’s administration to review and reduce this
year’s budget by 30 per cent.
“The bill to review 2020 Budget over COVID-19 pandemic; has been
presented to State House of Assembly for deliberations and
adjustments,” he said, noting that 42 per cent budget performance was
also recorded in the first half.
