NEWS

FINANCE MINISTRY GENERATES N129M IN SIX MONTHS


Ogun State Commissioner for Finance, Dapo Okubadejo, has stated that the Ministry, between January to June, 2020, generated over N129.9m, just as efforts were on to revitalise the State’s economy, as part of government’s post Covid-19 economic plans.

Okubadejo, stated this while appearing before the State House Committee on Finance and Appropriation on 2020 Budget assessment, at the Assembly Complex, Oke-Mosan, Abeokuta, saying the economic plans would include adoption of a robust reform in Land Use Administration and Amenities Charges, as well as introduction of revenue harmonization scheme, to eliminate multiple taxation and block revenue leakages, thereby raising performance bar in revenue generation.

Explaining the mode of operations of the Ministry’s Special Taskforce, set up for revenue monitoring and enforcement, the Commissioner assured that the measure was aimed at reducing fake ticketing and fraudulent activities of revenue agents at all toll points across the State.

Also, the State Accountant General, Michael Idowu presented the 2020 budget performance of his Office before the lawmakers, who also examined that of the Office of the Governor, Chief of Staff, Bureaux of Political Affairs and Administration, Cabinet and Special Services, Protocol and Ceremonials, as well as the State Liaison Offices in Abeokuta and Abuja, among others.

In a related development, the Head, Ogun State Internal Revenue Service, Mr. Adekunle Adeosun while responding to the House Committee on Finance and Appropriation, disclosed that most of the plans to jack up revenue could not be operational without a law, hence, a Bill, towards boosting the State’s Internally Generated Revenue (IGR) in the areas of pools, betting and lotteries, was already in the pipeline and would soon be presented to the house for approval.

Speaking, the Chairman, House Committee on Finance and Appropriation, Hon. Olakunle Sobukanla, said the Assembly would support any effort geared towards boosting revenue generation in the State, in order for government to deliver more on the dividends of democracy to the people.

Categories: NEWS

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