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The Zamfara State government has said it generated N12 billion in Internally Generated Revenue (IGR) in the past one-and-a-half years. It added that properties spread across the nation contributed to the boost in revenue.
Special Adviser to Zamfara State Governor on Investment and Public-Private Partnership, Dr Rabi Ibrahim, who revealed this, said the state has increased its internally generated revenue by investing in a goldmine and real estates in Abuja, the nation’s capital.
She stated that the state now has gold grams valued at N2 billion while its property portfolio has risen to above N10 billion.
Reeling off the achievements of her office to newsmen on Monday, the former presidential aide said her directorate was still negotiating for more properties, describing the profit as very rewarding.
She said the vision is a departure from the previous administrations, which instead of investing the resources of the state disposed of lots of its investment instruments in the custody of the State Investment and Property Development Company.
She said most of the properties purchased by the state have appreciated because they were done through negotiation and in most cases via Forced Sale Value (FSV).