• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Economy Budget

Gombe state targets N39 billion IGR to fund 2026 budget 

Olalekan Adigun by Olalekan Adigun
November 19, 2025
in Budget, Economy
Gombe generated N8.4billion IGR in 2020, highest ever by the state
Share on FacebookShare on TwitterShare on Linkedin

The Gombe State Government has announced a plan to generate N39 billion in Internally Generated Revenue (IGR) to support its 2026 fiscal year budget.

The Commissioner for Budget and Economic Planning, Mr. Salihu Baba-Alkali, announced the target during the public presentation of the 2026 budget breakdown, following Governor Inuwa Yahaya’s earlier presentation of the proposed budget to the State House of Assembly, the News Agency of Nigeria (NAN) reports.

According to Baba-Alkali, the N39 billion projection—an increase of 19.22 per cent compared to the N32.7 billion targeted for 2025—is bold but realistic, particularly in light of the strong performance of the Gombe State Internal Revenue Service (GIRS).

MoreStories

Nigeria secures World Bank’s approval for $2.25 billion loan to boost reforms 

World Bank rolls out blockchain-based FundsChain for project transparency in Nigeria

November 18, 2025
NGX

NGX SWOOTs paid N2.55 trillion income tax in 9months, near FG’s 2025 target  

November 18, 2025

He noted that in 2025, the service not only met but exceeded its revenue target by 103 per cent, even before the end of the fiscal year.

The commissioner said the state government had strengthened the revenue service to enable it to meet the target.

According to Baba-Alkali, the IGR will complement other funds needed to sustain and complete the massive ongoing projects in the state.

State government commends Internal Revenue Service 

He urged the service to improve its revenue collection records, to boost the state’s revenue base and reduce over reliance on federal allocations.

“I commend the Gombe State Internal Revenue Service for achieving 103 per cent of its total amount budgeted to be received in 2025. 

“I appeal to the good people of Gombe to support the state government’s infrastructural development by willingly and regularly paying their taxes,” he said. 

Heavy Reliance on Federal Allocations and Loan Drawdowns

Beyond IGR, the state government expects to receive substantial federal allocations in 2026.

Baba-Alkali said the state was expecting N80 billion from the Statutory Allocation, N65 billion from the state’s share of VAT and N132 billion from FAAC receipts.

He said the VAT would contribute 25.5 per cent of the expected total revenue, while other FAAC receipts amounting to N132 billion contribute 41.77 per cent of the expected total revenue.

Baba-Alkali said the state would externally borrow N186.7 billion, contributing 82.76 per cent of the total capital receipts.

“It is important to note that the huge sum of external borrowing is mainly a drawdown from multilateral organisations, which the Federal Government borrow on behalf of states.

“These externally borrowed funds are coming mainly from the World Bank and the Islamic Development Bank,” he said. 

Baba-Alkali reiterated the state government’s commitment to reducing over-reliance on federal transfers in the long term.

What you should know   

In the latest data released by the National Bureau of Statistics (NBS), Nigeria’s 36 states and the Federal Capital Territory (FCT) generated a combined N3.63 trillion in Internally Generated Revenue (IGR) in 2024.

The data showed that Internally Generated Revenue (IGR) across Nigeria’s 36 states and the Federal Capital Territory (FCT) rose to a cumulative N10.88 trillion between 2021 and 2024.

Also, Nigeria’s 36 states shared a cumulative N4.43 trillion from the Federation Account Allocation Committee (FAAC) between January and July 2025, with receipts of oil-rich states accounting for about 35% of total disbursements.

Data from the National Bureau of Statistics (NBS) and FAAC reports show that Delta State received the highest net allocation during the period—N361.23 billion—followed closely by Rivers (N301.18 billion), Lagos (N279.03 billion), Akwa Ibom (N278.11 billion), and Bayelsa (N274.81 billion).

Olalekan Adigun

Olalekan Adigun

Olalekan Adigun is a seasoned political analyst and writer with extensive experience in crafting compelling narratives and executing strategic initiatives. Known for his insightful commentary on governance, policy, and socio-economic issues, he has contributed to various national and international platforms.

Related Posts

Cloudflare network outage disrupts millions of websites globally
Sectors

Cloudflare blames major outage on internal database permission error

November 19, 2025
Top 10 states with the highest number of internet users in Nigeria 
Exclusives

Spectranet, Starlink, FibreOne capture 65% of customers as Nigeria’s ISP market shrinks

November 19, 2025
Poland tightens visa regulations for international students 
"Japa"

Poland announces new salary rules for foreign and local workers from 2026 

November 19, 2025
President Tinubu to visit Saint Lucia, attend two-day BRICS Summit in Brazil 
Business News

Tinubu to depart for G20 and AU–EU summits on Wednesday

November 18, 2025
Nigeria secures World Bank’s approval for $2.25 billion loan to boost reforms 
Economy

World Bank rolls out blockchain-based FundsChain for project transparency in Nigeria

November 18, 2025
Zenith Bank Plc,
Financial Services

Zenith Bank confirms regulatory engagement for East African expansion

November 18, 2025
Next Post
Poland tightens visa regulations for international students 

Poland announces new salary rules for foreign and local workers from 2026 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

tajbank
arco
access bank
nairametrics
first bank






DUNS

Recent News

  • Cloudflare blames major outage on internal database permission error
  • Spectranet, Starlink, FibreOne capture 65% of customers as Nigeria’s ISP market shrinks
  • Poland announces new salary rules for foreign and local workers from 2026 

Follow us on social media:

Recent News

Cloudflare network outage disrupts millions of websites globally

Cloudflare blames major outage on internal database permission error

November 19, 2025
Top 10 states with the highest number of internet users in Nigeria 

Spectranet, Starlink, FibreOne capture 65% of customers as Nigeria’s ISP market shrinks

November 19, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics