KADUNA TARGETS ₦120BN IGR IN 2026 — KADIRS CHAIRMAN. (PHOTO).

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 Kaduna Targets ₦120bn IGR In 2026 — KADIRS Chairman   Kaduna State has set an Internally Generated Revenue (IGR) target of ₦120 billion for the 2026 fiscal year, with the Kaduna State Internal Revenue Service (KADIRS) expected to play a central role in achieving the target. The Executive Chairman of KADIRS, Jerry Adams, FCTI, FNIM, FCE, CNA, disclosed this during the Service’s Annual Performance Review, Work Plan, and Strategic Retreat.  He explained that although the state government approved ₦74 billion as KADIRS’ official revenue target, the Service raised its internal benchmark to ₦80.09 billion to motivate staff to exceed expectations. He further stated that the proposed 2026 budget by the Kaduna State Planning and Budget Commission stands at ₦117.28 billion, with KADIRS expected to generate ₦74.28 billion, while Ministries, Departments, and Agencies (MDAs) are projected to generate ₦43.24 billion. According to Adams, the retreat was convened to strengthen implement...
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SUBSIDY: PETROL HITS N1,200 PER LITRE.(PHOTO).

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Subsidy: Petrol hits N1,200 per litre

30 May 2023 

The pump price of Premium Motor Spirit (PMS), popularly called petrol, on Tuesday, increased to N1,200 per litre in Abakaliki, the Ebonyi State capital, following the declaration of the removal of subsidy on the product by President Bola Tinubu.

Scores of residents, who decried the high cost of petrol in the country, said they have since been engaged in panic buying.

Some residents were also seen with their cans as many filling stations were under lock.

A resident, Darlington Okeke, said panic buying was occasioned by Tinubu’s statement during his inauguration on Monday.

Okeke stated that petrol in filling stations was sold between N800 and N1,200, against N230 per litre.

Another resident, Ibrahim Ali, said black marketers sold a litre of fuel for N1,500, adding that the development was causing panic buying and frustration among residents.

He, however, appealed to Tinubu to address the situation to mitigate panic buying and arbitrary hoarding of the products, which marketers introduced after the announcement by the president.

Meanwhile, staff of some filling stations, who spoke under condition of anonymity, disclosed that the management of the Petroleum Dealers Association, Ebonyi State chapter, ordered the closure of fuel stations.

“We are waiting for further directives,” they told Newsmen

Efforts to speak with the state chairman of the association, Sailas Njaka, on the development were not successful. 

 

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