Osun Targets N2.5bn IGR by April 2020

Government of Osun is planning to hit N2.5billion Internally Generated Revenue (IGR) by April 2020.

Mr Bola Oyebamiji, the Supervisor in charge of Ministry of Finance and a Commissioner nominee dropped the hint while undergoing screening before the State House of Assembly on Friday.

He said the IGR of the state has now been increased to about N900 million from the N750 million met by the Gboyega Oyetola administration.

According to him, part of the strategies adopted towards the revenue generation was to make the Treasury Single Account effective, reduce the debt profile by 25% and restructure the financial system generally.

“In the next seven months, we have put machineries in place to hit N2.5billion revenue generation and we are going to achieve it with the support of the people.

“Part of what we have done to achieve our present status is that we consolidated our accounts and blocked the leakages and it has given us the opportunity to invest so much in infrastructure and so many others.

“We want to urge everybody to support us. The major ingredient of fiscal policy anywhere is taxation and we want people to pay their taxes so that we can achieve our best as a government interms of delivery of service”, Oyebamiji stressed.

Describing the nominee as a go-getter and man of peace, Speaker, Honourable Timothy Owoeye said, he has come into politics as a technocrat to make impact within a short time.

“This is a man we can be proud of as a consistent technocrats and politician. I believe you will be useful going by your antecedent and we want you to do more to the development of our state”, he said.

Other nominees screened were, Honourable Alimi Bakare, Alhaji Lateefat Giwa, Olalekan Badmus, son of Chief Tunde Badmus, Dr. Olumide Olawale, and Jamiu Olawunmi, a broadcaster.

Also screened were, Yemi Lawal, the deputy governorship candidate of the Social Democratic Party (SDP) and Taiwo Akeju, also a member of the SDP.

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