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Strategic Revenue Growth Initiatives: Kogi Targets ₦6 Billion Monthly IGR to Fund Salaries and Economic Growth
By adminJan 30, 2025, 15:43 pm
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Kogi State Government has charged revenue-generating agencies to intensify efforts to achieve a monthly Internally Generated Revenue (IGR) target of ₦6 billion to sustain the state’s financial independence and ensure prompt salary payments for civil servants.
The Commissioner for Finance, Budget, and Economic Planning, Hon.Asiwaju Idris Asiru who stated this during the 2025 budget breakdown held at the Government House in Lokoja reaffirmed the administration’s commitment to ensuring that salaries are paid exclusively from IGR within the next six months, without imposing unnecessary financial burdens on citizens and small businesses.
According to him, the Kogi State’s annual IGR as of December 2024 stood at approximately ₦ 27.73 billion, averaging ₦ 2.3 billion per month, a significant improvement from ₦6.5 billion annually in 2015.
He said that , to reach the ₦6 billion monthly target, the state must move more than triple its current revenue generation, requiring a multi-faceted and strategic approach.
To drive this ambitious revenue growth, the Commissioner stated that the state government has outlined comprehensive strategies, including:
Strengthening Revenue Collection: He stated that the government is enhancing tax collection efficiency through technology-driven solutions that minimize leakages and optimize real-time revenue tracking.
Broadening the Tax Base: Efforts are being intensified to capture more taxable entities, especially in the informal sector, ensuring equitable contributions without overburdening businesses.
Digitalization: Implementing digital solutions for revenue collection to minimize leakages and improve efficiency.
Economic Diversification: Kogi is expanding revenue sources by investing in key sectors such as agriculture, mining, tourism, and manufacturing to reduce reliance on traditional tax revenue.
Public-Private Partnerships (PPPs): Strategic collaborations with private investors will drive revenue from infrastructure, services, and industries, reducing the financial strain on the state government.
Capacity Building and Institutional Strengthening: Revenue officers and agencies will be trained and equipped with modern tools and data-driven insights to enhance revenue administration.
Hon. Idris emphasized that it is important to note that while the administration has made significant strides in increasing the state’s IGR, achieving a monthly target of ₦6 billion would require sustained efforts, strategic planning, and the active participation of stakeholders in the state’s economy
ALSO READ: KOGI POLL : All Options Considered, Ahmed Usman Ododo, APC Best To Lead Kogi, Adebanji Jimoh Hints Electorate A chieftain of the ruling All Progressives Congress (APC) and a former Governorship aspirant, HE, Adebanji David Jimoh has said that in the event of considering all options to choose who will lead the people of Kogi in another four years, the APC Governorship candidate, Alhaji Ahmed Usman Ododo remains the best option for Kogites. Jimoh , a seasoned banker turn politician made the submission while speaking with newsmen in Lokoja ahead the November 11 Kogi state Governorship election. He stressed that Kogites have no reason not to vote for the APC Governorship candidate, considering the fact that Governor Yahaha Bello's remarkable and human oriented projects are seen across the nooks and crannies of Kogi state. The former governorship aspirant , pointed out that Alhaji Ahmed Usman Ododo would sustain the legacy of Governor Yahaha Bello when elected Governor of Kogi state. "Let me tell you, truth be told, kogites have never had it so good as we are having today. The rice mills at Ejiba in Yagba West, the Kogi State University, Kabba, Modern General Hospital project in Isanlu, Kabba township roads, GYB model Science Secondary School in Kabba/Bunu Local Government Area, Modern General Hospital project in Gegu Beki and other verifiable projects across the Senatorial district are there for the people to vote for APC's Ododo for continuity and Sustainability. "In Kogi East Senatorial district, the Prince Abubakar Audu Teaching Hospital, Idah township roads, Anyingba township roads, Ankpa township roads, operation light up Kogi Eastern Senatorial district, reconstruction and renovation of projects at state College of Education, Ankpa, Okpo-Olamaboro road project, among other projects are there as testimony and sufficient reason for the people of Kogi East Senatorial district should vote for APC's Ododo for continuity and Sustainability. "In the Kogi Central Senatorial district, we have the Confluence university of Science And Technology, Osara, Kogi state Reference Hospital in Okene, Expansion/Reticulation of Okene waterworks project, modern General Hospital project, Eganyi, Rehabilitation and construction of General Hospital, Okene, Okene township roads, Ihima-Adavi Eba Okengwe roads, among other projects are there for Kogi Central Senatorial district to vote Massively For APC's Ododo for continuity and Sustainability. "The Governor has done well in Lokoja, the state capital. He constructed Kogi Revenue House, Lokoja, Mohammadu Buhari Civic Centre, Lokoja, Ganaja Junction Fly-Over, Lokoja, GYB Model Science Secondary School project, Lokoja, building of Government House Chapel and Government House Jumaat mosque, go to Kogi state polytechnic. The Governor has done well and the people should reciprocate on Saturday by voting Massively for Ahmed Usman Ododo so that we can continue to enjoy more gains of democracy in Kogi state. "I want to appeal to kogites not to be deceived by the antics of some people who have nothing to offer them but to come and protect their selfish interest even above public interest. "The APC Governorship candidate has the capacity, connection, experience, exposure and wisdom to lead Kogi state to a great level. Let us vote for APC for a prosperous Kogi state of our dream.
He stressed that the revenue growth initiative aligns with Governor Ododo’s vision of financial independence, enabling Kogi to fund salaries, execute developmental projects, and reduce dependence on federal allocations.
He also noted that the administration is focused on driving an economy that works for everyone. By implementing these strategic revenue initiatives, we will ensure that civil servants’ salaries are paid from our internally generated revenue while maintaining a business-friendly environment. This buttressed the Ododo administration’s resolve and signals a bold step toward economic resilience, fiscal sustainability, and improved service delivery.
Kogi State is on track to becoming a model for revenue generation and financial independence in Nigeria he noted.
