Nairobi records overall revenue improvement of Sh673 million – The Star Kenya

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•Cumulatively, the County collected an increase of Sh673,984,028 in revenue.
•From January to March this year, Sh4.5 billion was collected compared to Sh3.8 billion for the same period in 2022.
Nairobi’s own-source revenue collection has picked up by Sh 673 million in the last three months.
Data from the Office of the Governor on Tuesday revealed that not only did the overall revenue collection improve but the monthly records surpassed that which was collected in a similar period in the Financial year 2021-2022.
Cumulatively, the County collected an increase of Sh673,984,028 in revenue.
From January to March this year, Sh4.5 billion was collected compared to Sh3.8 billion for the same period in 2022.
Nairobi City County’s source revenue has been erratic and unpredictable for the past years, with a low of Sh8.97 billion collected in the FY 2021-22.
According to Nairobi Governor Johnson Sakaja, this negative trend seems to have been tamed with a monthly comparison portraying a resilient increase in the months of January to March 2023, compared to the same period in 2022.
Monthly own source revenue collection data reveals that Sh1.42 billion, Sh1.3 billion and Sh1.78  billion was collected for the months of January, February and March 2023 respectively.
This shows a sustained increase compared to the year 2022 where Sh1.39  billion was collected for January, Sh 0.99 billion  for February and Sh1.45 B in March 2022
Sakaja explained that his administration has remained resilient despite a disruptive year coupled with Covid-19 and the economic downturn.
“The current collection is a clear demonstration of strong operational capacity, diligence and commitment in delivering services to Nairobi residents,” he stated.
The Governor explained that overall, Nairobi’s source revenue has been on a steady increment, hence he expects sustained growth in the coming months.
“Collections from January to March 2023 are higher compared to the same period in January to March 2022. There is a 2.2 %, 31.3 % and 22.8 % growth in revenue for January, February and March 2023 respectively,” Sakaja added.
Notably, the county has made remarkable improvements collection of land rates, single business permits and fire inspection.
Looking at the third quarter performance for FY 2022-23 from January to March, Sh1.87 was collected in Land rates, Parking fees- Sh619.9 million, Single Business Permits – Sh942.7 million, Building Permits- Sh229.7 million, Billboards and Advertisement-Sh279.4 million, House rent -Sh141.3, Fire Inspection certificates -Sh134.8 million, food handlers -Shsh58.9 million,  markets Sh78.5 million and other incomes amounted to Sh137.3 million.
Going forward, the county boss said the immediate focus in the coming months will be to ensure that priority is trained on revenue collection to improve service delivery.
On his side, County Executive member for finance Charles Kerich said the county is looking to achieve double-digit growth, especially in Parking fees, Billboards, House and stall rent, Food handlers and Markets revenues.
He explained that last month, the county government undertook the validation of the Finance Bill 2023 and held sessions with respective sectors to confirm and justify the various proposals for amendments of fees by various sectors.
“The session output will go a long way in helping with the preparation of the Finance Bill 2023, which will undergo Public Participation,” Kerich noted.
The Finance Bill 2023 will be tabled to the Nairobi County Assembly for approval of the Finance Act.
“This will help the county raise its source revenue to meet the ever-growing resources required for financing county services,” Kerich added.
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