The Kaduna State Ministry of Finance has announced a remarkable achievement, reporting over 1000% performance in its Internally Generated Revenue (IGR), amounting to over ₦50 billion. This accomplishment highlights the Ministry’s commitment to fiscal reforms and economic growth under the leadership of Governor Uba Sani.
In a recently released fact sheet, Hon. Shizzer Nasara Bada, the Hon. Commissioner of the Ministry, detailed significant milestones of the Governor’s SUSTAIN AGENDA. The initiatives have focused on reforms in fiscal and tax policies to enhance governance and revenue transformation.
Key Areas of Focus:
- Economic Revitalization: The Ministry aims to strengthen the economy amid global uncertainties, ensuring the realization of transformative goals and fulfilling the Governor’s campaign promises.
- Innovative Solutions: The administration has implemented technology-driven solutions to increase government resources and revenue, enabling investment in infrastructure and social services.
- Public Finance Management: The Ministry oversees the management of public finances, ensuring effective custody and maintenance of financial records across government accounts.
Achievements under Governor Uba Sani:
- Accountability and Transparency: Kaduna State ranked 2nd out of 36 states in the ICAN Accountability and Transparency Index, demonstrating a commitment to resource utilization and transparency.
- Credit Rating Improvement: The State’s international credit rating improved to B with a positive outlook, enhancing its creditworthiness.
- Financial Strategy: A five-year financial strategy plan has been developed, focusing on sustainable growth and the efficient management of resources.
- Welfare Initiatives: The administration has ensured timely salary payments for civil servants, eliminating outstanding salaries. Additionally, a Revolving Loan Scheme was introduced, providing ₦500 million in seed funds at a 5% interest rate to assist civil servants in meeting financial obligations.
These accomplishments underline the Kaduna State government’s dedication to prudent financial management and the welfare of its civil servants, paving the way for a more stable and prosperous economic environment