, NAIROBI, Kenya, Nov 2 – The Nairobi County missed its revenue target for the 2016/17 financial by 25 per cent collecting Sh25.5billion, Sh8.5 billion short its Sh34 billion target.
County rates was the biggest earner generating Sh2.2 billion in the period under review against a target of Sh5.5 billion followed by parking fees which generated Sh1.9 billion in revenue against a target of Sh3.5billion.
Single business permits came in third raising Sh1.7 billion in revenue against a targeted Sh2.1 billion followed by building permits at Sh842 million.
Markets revenue hit Sh378 million in the period under review with Wakulima Market being the biggest earner at Sh179 million while Muthurua Market taxes raised Sh34 million in revenue.
Liquor licenses earned the county Sh233 million while Betting Control and Lotteries earned it Sh400,000 against a target of Sh10 million.
The county has projected to collect Sh39 billion for the 2017/2018 financial year with a focus on improving revenue collection mechanisms and systems to ensure the achievement of collection targets.
“The county has consistently achieved an average of 78 per cent of its revenue targets. This trend continues to undermine prospects for full implementation of the county’s integrated development plan and by extension the strategic plan 2015-2025,” reads the Nairobi County Annual Report.