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Oyo targets N20bn monthly IGR, currently generates N2 billion

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THE Oyo State Government has revealed plan to achieve a monthly N20 billion Internally Generated Revenue (IGR), representing 900 per cent increase from  N2 billion IGR currently generated by the state.

The commissioner for information, Culture and Tourism, Wasiu Olatunbosun  disclosed this at a one-day workshop for the State media officers.

Olatunbosun said all efforts were concentrated at plugging tax holes to increase the State’s revenue.

He said the state has its concentration on four key areas: education, primary healthcare, agro-business and security, urging the media officers to key into the agenda of the present administration to achieve the set target.

“It is the belief of Governor Seyi Makinde that Oyo State can be taken from a Civil Service-propelled economy to an agro-business-driven economy and before the first term of this administration runs out, we will be looking towards achieving about N20 billion IGR target,”

However, data on IGR by states from the Nation Bureau of Statistics (NBS) show on a monthly basis, the State generated an average IGR of N2 billion monthly in 2018, 10 per cent of its new target.

In 2017, the state generated an average of N1.8 billion. In 2016, about N1.5 billion was generated, while in 2015, an average of N1.3 was generated.

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So far in 2019, the half-year report on IGR by states revealed that Oyo generated about N2.3 billion monthly.

 

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