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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EGYPT APPROVES ENERGY EXPLORATION PROJECTS WORTH $200M.(PHOTO).

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 Egypt approves energy exploration projects worth $200m


Egypt’s Cabinet has approved several petroleum commitment agreements involving the Egyptian Natural Gas Holding Company (EGAS), the Egyptian General Petroleum Corporation (EGPC), and several international and national companies, with investments totalling $200 million.


In a statement the government highlighted these approvals as part of its intensified efforts to address the ongoing electricity shortage crisis, which has led to daily power cuts of up to three hours, Anadolu Agency reported.


The deals include a commitment to explore and exploit natural gas and crude oil in the North Port Fouad offshore area in the Mediterranean Sea and cover similar projects in the South Nour offshore area in the Mediterranean and the North El-Khatatba onshore area in the Nile Delta.


The agreements also involve amendments to existing commitments for oil exploration, development and exploitation in the Horus Development Area in the Western Desert, and another in the South Dabaa Development Area.


Egypt is a significant natural gas producer, with an average annual production of around 60 billion cubic metres. However, this falls short of the nation’s annual demand of about 62 billion cubic metres.


The new agreements highlight Egypt’s ongoing efforts to enhance its energy sector and develop its natural resources.

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