Nairobi Governor Johnson Sakaja has an ambitious plan to generate Ksh16.5 billion in revenue from motorists, landlords and businesses in the upcoming financial year.
As detailed in the draft 2024/2025 Revenue and Expenditure Estimates report which was obtained by Kenyans.co,ke, it was noted that the billions would be generated through the charging of parking fees, land rates and business licences.
Notably, land rates were earmarked as the biggest source of revenue in the upcoming year with an estimate of Ksh6.75 billion.
On the other hand, the county government projected that it would collect Ksh3 billion in parking fees between July 2024 and June 2025.
Currently, motorists pay between Ksh300 to Ksh2,000 in parking fees depending on the type of vehicle.
Meanwhile, business licences and permits are projected to generate Ksh3.2 billion for the county government. On the other hand, fees charged for liquor businesses are expected to generate Ksh351 million.
Building approvals and Billboard advert will generate Ksh2 billion and Ksh1.25 billion respectively.
The county government is expected to table its finance bill before the Nairobi County Assembly in the coming days. The Finance Bill will stipulate various tax measures that will be undertaken to fund the county budget.
Meanwhile, it was noted that the county would receive an additional Ksh20 billion in equitable share from the national government.
Key Projects & Their Budgets
Among the infrastructural projects that were listed for implementation in the upcoming financial year is the rehabilitation of roads in the city which is projected to take up Ksh1,484,946,768.
On the other hand, the rehabilitation of City Stadium (Joe Kadenge Stadium) was allocated Ksh100 million.
4 new sports complexes will also be developed to the tune of Ksh240 million.
Ksh250 million was allocated for the construction of an aggregated park in Mathare. On the other hand, Ksh400 million was also allocated for lighting works across the city.
Ksh487 million - Construction of roads, sewers, drainages, and electrical works in informal settlements.
Ksh200 million - Operationalisation of Mama Margaret Uhuru Hospital.
Ksh120 million - Construction of fire stations in Gikomba, Kangemi and Jamuhuri.
Ksh100 million - Officials residence of the Deputy Governor.
