Economic Confidential in their latest report released on Sunday listed Kogi state as one of the five least indebted States in Nigeria. According to the report, Kogi external debt is $31.584m (N11.3bn), thereby making it second least indebted States in North Central after Plateau state.
This is another testimony that Governor Yahaya Bello led administration strategy to build sustainable economy for Kogi is becoming reality. Governor Bello has minimised the state borrowing despite the financial challenge many states in Nigeria are experiencing and focus on raising internally generated revenue to augment income from federation account in order to meet financial obligations.
Today, Kogi state IGR has increased to N1.3billion monthly from N300million current administration met in 2016, while the leadership of Kogi State Internal Revenue Service (KOGIRS) is working assiduously to raise it to N3billion monthly by exploring informal sector taxes, Agricultural level such as Cashew product level backed by constitution and partner with MDAs to effective revenue collection.
KOGIRS has digitalized the revenue collection system to block leakages, eliminate activities of middlemen and curb other sharp practices associated with manual collection. The agency apart from raising IGR, over 600 Kogites have been employed.
GYB is taking Kogi to NEXT LEVEL
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