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Kano Targets Over N80bn Revenue in 2025, Vows to Prosecute Tax Defaulters

info@dailymailngr.com by info@dailymailngr.com
December 22, 2024
in Economy, News
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The Kano State Government has announced plans to generate over N80 billion in revenue in 2025, with quarterly projections exceeding N20 billion. The government also revealed that it will commence the prosecution of tax defaulters as part of a comprehensive reform of its tax administration system.

Dr. Zaid Abubakar, Executive Chairman of the Kano State Internal Revenue Service (KIRS), disclosed this during a presentation to Governor Abba Kabir Yusuf at a High-Level Retreat for senior government officials. The Governor’s spokesperson, Sanusi Bature Dawakin Tofa, confirmed the development.

Dr. Abubakar emphasized that the reforms are not intended to increase tax rates but to enhance efficiency in tax collection and enforce compliance with tax regulations. He noted significant improvements in revenue performance during the third and fourth quarters of 2024 following the restructuring of the agency.

“This decision has significantly improved the agency’s performance in the third and fourth quarters of 2024,” he said.

Governor Yusuf, who had earlier replaced the previous KIRS management with a new team, is set to introduce a new tax collection model aimed at boosting revenue generation in the 2025 fiscal year.

“This model is expected to substantially increase revenue generation, enabling the administration to fulfill its campaign promises across various critical sectors of development,” Dr. Abubakar stated.

The reforms are expected to enhance Kano’s fiscal capacity, ensuring effective delivery of developmental projects and services in the coming year.

Tags: KanoRevenueTax
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