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Enugu Reports N7Bn IGR In Q1, 2021

Enugu State Government on Monday reported that it generated N7.1 billion as Internally Generated Revenue (IGR) in the first quarter of 2021, representing 24.4 percent of the N29.2 billion targeted for the fiscal year

The disclosure of the revenue figures was made public in a report by the State Ministry of Budget and Planning.

The document also indicated that the government got N13 billion from the Federation Account distributions and Value Added Tax (VAT) , or 19.7 percent of the N65.7 billion projected for the 2021 fiscal year.

According to the report by the ministry, the revenue accruals from IGR and federation account allocations for the quarter under review showed that the government’s revenue inflows stood at N20.1 billion, representing 13 percent performance of the 2021 budgeted inflows target of N154.8 billion.

The ministry also disclosed that the state government’s aggregate recurrent expenditure in the first quarter stood at N11.6 billion, representing 16.9 per cent performance against the projected recurrent expenditure of N68.7 billion.

The ministry further reported: “The sum of N9.1 billion was actual expenditure for personnel. This signifies 23. 9 per cent performance when compared to an approved budget of N38.1 billion.

“The sum of N1.9 billion was actual overhead spent in the Q1 2021 representing 7.7 per cent performance against a budgeted overhead of N25 billion,” it added

The report reflected that the state government spent N547.8 million on debt servicing and similar transactions, adding that “this translates to 9.8 per cent performance when compared to the budgetary projection of N5.6 billion for the fiscal year.”

According to the budget ministry, the total capital expenditure performance during the quarter was N3.3 billion.

It further stated: “The first quarter of 2021 has witnessed constant payment of staff salaries and allowances as well as regular payment of overhead cost to Ministries, Departments and Agencies.

“The period equally witnessed capital investments which are rationalized within the scope of fund availability.

“It is the hope of the government that there will be a remarkable departure from the first quarter performances in the coming quarters of 2021”, the ministry added.

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