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Saturday, October 23, 2021

Nairobi County Falls Short Of Revenue Targets

Despite hiring the Kenya Revenue Authority (KRA) as its primary collection agent, City Hall missed its revenue target by Sh6.6 billion.

The Nairobi County Revenue and Expenditure report also highlighted the county’s poor performance in collecting own-source revenue.

City Hall collected Sh9.9 billion in the 2020/2021 fiscal year, against a revenue target of Sh16.5 billion, according to a report presented to the assembly.

Despite a Sh1.4 billion increase in overall receipts from the previous fiscal year, the county fell short of its target.

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Rates totaled Sh2.76 billion, single business permits Sh1.6 billion, parking fees Sh1.51 billion, billboards and advertisements Sh736.3 million, building permits Sh713.1 million, while housing rents –Eastlands &EOTE Sh584.2 million.

Liquor incomes Sh279.4 million, fire inspection certificates Sh211.1 million, Wakulima market Sh159.9 million, and regularisation of buildings/structures Sh159.9 million in own-source revenue collections.

Other markets brought in Sh166.7 million in revenue, while other sources of income brought in Sh940.1 million.

Following a meeting with the Nairobi Metropolitan Service (NMS) and the Kenya Revenue Authority (KRA), the county treasury announced a slew of methods to boost revenue collection.

This comes amid calls from City MCAs for revenue collection to be transferred to City Hall due to KRA’s poor performance.

*This article was written by Gerald Gekara for Uzalendo News.  Email: uzalendonews24@gmail.com to submit your story.
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