May 20, 2022
Why IGR drops in 2 years-Expert Governor Ganduje

Why IGR drops in 2 years-Expert

By Muhammad Hamisu Abdullahi & Nasiru Yusuf Tsakuwa

The financial stability of most states in the country is currently and unprecedentedly threatened by two issues.

The claim of legitimacy over the collection of Value Added Tax (VAT) by some states, which has currently resulted to legal battle between the concerned states and the Federal Government, is one of such issues.

The next is the Federal Government’s plan to commence monthly deduction from the statutory allocations to the states in settlement of Paris Club indebtedness.

Therefore, to overcome the gloomy financial crisis, most state governments and other stakeholders in the system are strategizing for the best way to improve internally generated revenue in their states. Kano, being a pacesetter in socioeconomic activities in the country, is not an exception in adequately responding to the threats as some experts and concerned citizens have suggested ways to curtail the revenue quagmires.

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