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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ECONOMIST SAYS PORT HARCOURT REFINERY TOTALLY OBSOLETE. (PHOTO).

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 Economist says Port Harcourt refinery totally obsolete


Despite the huge sums of money said to have been spent on the Turn-Around Maintenance (TAM) of the moribund Port Harcourt refinery, a Nigerian Economist and Energy expert, Kelvin Emmanuel has pointedly posited that the facility and others in Kaduna, Eleme and Warri will not be operational anytime soon.

Emmanuel said this in an interview with Channels Television breakfast programme Morning Brief on Monday. 

He insists that the Port Harcourt refinery will not come back on stream, stating that the best it can offer Nigeria is to operate as a petrol blending plant


According to the Energy expert and co-founder of Dairy Hills, the huge sums of money spent in the so-called rehabilitation of the Port Harcourt refinery running into billions of dollars have gone down the drains as the refinery will not become operational again because it could not be fixed.

He insists that the claims by the federal government through its agencies that the Port Harcourt refinery has been technically repaired is false, arguing that the best the refinery will be used is for petrol blending plant. 

Emmanuel also painted a a gloomy picture of the cost of Premium Motor Spirits (PMS), saying that the pump price will not come down soon because Nigeria does not have pipeline infrastructure to evacuate crude oil and refined products across the country hence the retail prices are high because when the marketers add up all the charges from the landing cost of products to trucking and heap them on the end users.

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