Fiscal Performance: BudgIT ranks Gombe 7th Position
Nigerian civic organisation known for tracking development with technology for citizen engagement BudgIT, has ranked Gombe seventh position in fiscal performance.
According to the Director General of Press Affairs Government House, Ismaila Misilli, this was based on 2021 State-of-the-states Report released recently which reflected on the states’ performance in the year 2020.
Misilli stated this on Monday, in a press statement, stressing that the organisation lauded the economic policies of Governor Muhammadu Yahaya.
He said, “Gombe State beat all Northern states with the exception of Kebbi and Kaduna which came 5th and 6th respectively; Where Rivers, Ebonyi, Anambra and Lagos topped the list.
“Despite the distortion of COVID-19 pandemic to local economies and government revenues worldwide, Gombe State’s Internally Generated Revenue (IGR) witnessed a +25.50% year-on-year increase from N6.80 billion in 2019 to N8.54 billion in 2020.”
Misilli said BudgIT noted that Gombe State pruned its operating expenses by -22.8% from N42.88 billion in 2019 to N32.62 billion in 2020, with its overhead cost component experiencing the greatest cut of -47.16% from N9.89 billion in 2019 to N18.72 billion in 2020.
BudgIT revealed that, “as at December 31st 2020, Gombe’s total debt stock was N98.86 billion, making it the 25th most indebted in the country; with N84.97 billion Naira domestic and $36.55m foreign debt.
“The state spent N13.92bn on servicing internal loans and N616.68 million on servicing external loans in the 2020 fiscal year,” the report added.
