Oyo Govt Targets N20bn Monthly IGR Within Next Four Years

 

The Oyo State government has set a target of N20 billion to be earned as Internally-Generated Revenue (IGR) monthly within the next four years.

The State Commissioner for Information, Culture and Tourism, Dr. Wasiu Olatunbosun, disclosed this at a one-day Workshop for the State media officers which held at the Film Theatre of the Ministry at the weekend.

According to Olatunbosun, the State’s IGR was reported to be between N2billion and N2.5billion during the tenure of the former Governor, Abiola Ajimobi – a situation which he says the current Governor, Seyi Makinde, hopes to change before the end of his first tenure.

Olatunbosun explained that the four cardinal points of the administration are in the areas of education, primary healthcare, agro-business and security.

He further stated that currently, all efforts are being made to plug tax holes so as to increase the State’s revenue.

He also urged the media officers to key into the governor’s agenda 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 #20billion IGR target.

“You cannot enlighten people as a media practitioner if you are not enlightened, therefore the current administration believes in training of its officers to achieve maximum yield and productivity, especially for them to key into the agenda and aspirations of the government.

“This government is pro-people and would always deal with communication from the bottom to the top, we believe in the use of town hall meetings where all stakeholders would gather and set target for government as well as give feedback on the activities of the administration.

“All these require government media officers to be up-to-date, diligent and efficient, they are the reasons government has embarked on training the officers in this particular cadre among others,” he declared.

Also at the event were the Chief Press Secretary to the governor, Mr Taiwo Adisa and the Executive Assistant to the governor on Administration, Idowu Ogedengbe, who said the state government was working towards improving human capital index of the state workers towards enhancing the economy of the State.

Osinbajo Asks Governors To Boost IGR To Reduce Poverty

 

 

Nigeria’s Vice President, Professor Yemi Osinbajo, has asked governors to boost Internally Generated Revenue (IGR) in the next four years to reduce poverty in their state.

He said the consequences of boosting states IGR will mitigate the challenges of malnutrition, illiteracy and out of school children.

Professor Osinbajo said this on Monday at an induction programme organised by the Nigerian Governors Forum (NGF) in Abuja for new and returning governors, ahead of the inauguration on May 29, 2019.

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The Vice President also asked state governors to operate in unity as the Federal Government is ready to support an all-party co-operation.

According to him, the National Executive Council will begin to look at more ways to effectively secure the country.

On his part, the chairman of the Nigerian Governors Forum and Governor of Zamfara State, Abdul-Aziz Yari, asked the incoming governors to work hard to reduce over-dependence on the federation account and look seriously towards diversification, industrialization and strengthening tax laws.

The induction programme is aimed at supporting incoming governors to develop key governance and management skills that will enable them transit from campaigning to managing the processes of governance.

Zamfara Governor-Elect, Idris Promises To Boost IGR For State Development

Zamfara State Governor-Elect, Mukhtar Idris.

 

The Zamfara State Governor-Elect, Mukhtar Idris, has promised to boost the Internally Generated Revenue (IGR) in the state for the development of the people.

He made this promise on Wednesday while receiving the management of the Internal Revenue Board who paid him a congratulatory visit at his home town in Gusau, the state capital.

According to him, the board should intensify effort to generate funds for the actualisation of developmental projects in the northwestern state.

“I am very happy with your performance, but I want you to put more efforts to make sure that in the next few months, everybody will be smiling in Zamfara.

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“What you are generating will be enough to pay at least state government salaries. In the next few months, we will be having a similar meeting so that we can sit down and look at areas where the government can help you enhance the work,” he stated.

In their remarks, the leadership of the board said they were in his residence to express their joy over Idris’ emergence as governor of the state

They also pledged to work tirelessly in generating more revenue for the progress of the state.

Enugu IGR Records Growth In 2017

The Enugu State Government says its Internal Generated Revenue in 2017 increased significantly to 20 billion naira as against 14billion naira generated in 2016.

According to the chairman of the Enugu State Internal Revenue Board, Emeka Odo said the success was recorded due to various reforms introduced to block revenue leakages and make tax payment easy for individuals and organizations through an Integrated Tax Management System.

Asides sealing of banks and other institutions for non-remittance of tax, the board in 2017 set up a revenue court and an Revenue Automation Project which included issuance of the Enugu State Social Benefit Number (ESBN), enumeration, assessment, collections and issuance of tax clearance certificates amongst others thereby dissolving the manual collection system to align with the current realities in the sector.

The board, however, called on relevant bodies to pay tax so as to fund the 98.5 billion naira 2018 budget.

Osun Needs N10bn Monthly Revenue To Survive – Aregbesola  

Argebesola Stresses Need To Educate Nigerians On Recession
Osun State Governor, Rauf Aregbesola

Osun State governor, Mr Rauf Aregbesola on Tuesday said for the state to survive economically the Internally Generated Revenue (IGR) must be raised from its average of N500 million to N4.1 billion and eventually N10 billion monthly.

The governor said this while declaring opened, a five-day workshop on the state development plan organised by the State Ministry of Economic Planning, Budget and Development, at Royal Park Hotel, Iloko-Ijesa.

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“In your course of planning in this workshop, Osun must at least target N10billion IGR in the next ten years. Osun must earn before the expiration of this administration at least N4.1billion as monthly IGR, it is not as difficult as we feel but we must apply our senses to it,” he said.

He charged the leadership of Ministries, Agencies and Departments (MDAs) and other government parastatals in the state to work hard and raise the revenue of the state to accomplish this goal.

Aregbesola also called on the people of the state to begin to look inward and imbibe the culture of being truthful to their civic responsibilities of paying tax to the government.

“If we really want to build a prosperous state as we aspired, thus, we must pay our taxes, God doesn’t support idleness, laziness and indolence, so we must work to meet our personal needs and give to the government what is due to it.

“So, we must also use the opportunity of this gathering to develop and provide to our state, a development agenda that will make it virile, a viable and successful state in Nigeria.

“If Lagos earned N503.7 billion in 2017 as IGR, as being claimed by its government. It means that Lagos generated N41.7‎ billion for every month of the twelve months of 2017, therefore, we must struggle to get IGR capacity of 4.1 billion which is ten percent of what Lagos generates every month before we exit,” he said.

Kwara Govt Tasks LG Chairmen To Improve States IGR

The Kwara State Government has drawn up new strategies and plans targeted at meeting up some of its economic challenges especially the payment of salaries.

Governor Abdulfatah Ahmed has asked all the Local Government chairmen in the state to come up with ideas that would help improve their internally generated revenue rather than depend on allocation alone.

He has also called for installing of a new culture and financial discipline on Local Government Administration in the state.

Oyo Govt. Warns Against Sabotage Of Internally Generated Revenue

Abiola Ajimobi, Oyo State, Paris ClubThe Oyo State Government has warned that it will not tolerate any individual, group, investor or organisation seeking to sabotage its Internal Generated Revenue (IGR) drive, saying that whoever conspires to defraud the state government would be made to face the full wrath of the law.

Governor Abiola Ajimobi pronounced this warning through his Special Adviser, Solid Minerals, Hon. Mathew Oyedokun, during a meeting with major stakeholders of mining industries to resolve the revenue collection dispute with Quarries in Oyo State at the Conference Hall, Office of the Head of Service, Secretariat, Ibadan.

Governor Ajimobi said that the state government will not allow the activities of any individual or group to hinder the state in its revenue generation drive, cautioning that any form of harassment or intimidation against revenue officers will not be tolerated.

In his remarks, the Senior Special Assistant to the Governor on Security, ACP Gafar Arowolo (rtd) stated that adequate security measures have been put in place to enhance the implementation of revenue payments to government coffers, advising that all major stakeholders in the state should obey the law of the land as anybody found guilty will be prosecuted.

Similarly, the state government has embarked on a wake-up sensitisation call to both private and informal business sectors in the state on the need to pay their taxes regularly and as and when due.

The Special Adviser to Governor Abiola Ajimobi on Internal Generated Revenue, Mr Biyi Oloko, explained that the sensitisation programme was very essential in order to educate and enlighten the people on the importance of regular payment of tax.

Mr Oloko stressed that: “there are many benefits in paying taxes which include provision of infrastructure, good water supply, provision of health care facilities, good education among others. Regular payment of tax would make the Government fulfill its electoral promises to the people.”

The recent effort, which took place at Challenge, Dugbe and Bodija markets and environs, gave the government officials from the Board of Internal Revenue, the opportunity to educate members of the community from one shop to another on the need to pay their taxes regularly.

Osun Assembly Cautions MDAs To Stop Spending Unapproved Money

Osun Assembly Cautions MDAs To Stop Spending Unapproved MoneyThe Osun House of Assembly has warned Ministries, Department and Agencies (MDAs) in the state against extra budgetary spending.

 

The House Committee Chairman on Finance and Appropriation, Mr Kamil Oyedele, gave the warning when the management of the State Ministry of Information, Home Affairs, Tourism and Culture appeared to defend its N435 million budget for 2017.

Oyedele, who noted that many of the MDAs were in the habit of spending unapproved money, said the Assembly would no longer accept such action.

He said that any head of MDAs caught spending unapproved money, would be handed over to the Independent Corrupt Practices and Other Related Offences Commission (ICPC).

Kamil said Section 32 of the state’s Appropriation Law clearly states that no money should be spent outside the amount approved in the budget.

He said in line with Section 224 and 225 ICPC, spending unapproved government money was an offence.

According to Kamil, spending money not approved by the Assembly is criminal, adding that MDAs should always inform the Assembly for approval for extra money for developmental projects.

Kamil urged the MDAs to familiarise themselves with the public procurement law recently passed by the Assembly to guide them on government spending.

Also speaking, the House Committee Chairman on Information and Strategy, Mr Olatunbosun Oyintiloye, urged MDAs to support government drive to improve Internally Generated Revenue (IGR).

Oyintiloye said government needed improved revenue to meet the yearning of the people.

He also charged the Ministry to engage in proper dissemination of government activities.

The House Committee Chairman on Environment, Mr Ajibola Akinloye, frowned at poor services been rendered by the State Fire Service which is under the Ministry.

Akinloye said that there had been complaint of slow response of the fire fighters to fire outbreaks in the state, adding that such attitude was not good for the state.

In her response, the Coordinating Director of the Ministry, Mrs Webster Esho, said that they would continue to do their best in the proper dissemination of government activities.

On the poor response of the fire service to fire disasters in the state, Esho said that lack of personnel and necessary facilities were the major challenge.

Management of State Broadcasting Corporation (OSBC) and Reality Radio Vision Services also appeared before the committee.

While OSBC presented N658 million budget for 2017, Reality Radio Vision Services budget was N133 million for the year.

Nigeria’s Investment Inflow Shrinks By $4.5bn 

Nigeria's Investment Inflow Shrinks By $4.5bn The level of investment inflow into Nigeria declined to 3.57 billion dollars in the third quarter of 2016.

This represents a 4.51 billion dollars drop from the same period in 2015.

An analysis of the capital importation report released by the National Bureau of Statistics attributes the decline to the harsh economic climate.

A breakdown of the inflow reveals that the first quarter of this year saw an investment inflow of 710 million dollars, while the second and third quarters had 1.04 billion dollars and 1.82 billion dollars respectively.

The report also shows that the largest component of capital importation in the third quarter was portfolio investment, which attracted 1.52 billion dollars.

Osun Needs N10bn Monthly Revenue For Effective Governance – Govt.

Osun Needs N10bn Monthly Revenue For Effective Governance, Says Govt.The Government of Osun has said that the minimum requirement of the state for a sustainable and effective governance is a minimum revenue of 10 billion Naira monthly.

This disclosure was made in a communique issued at the conclusion of the retreat to review the 2017 budget proposal of the state in Ijebu-Jesa.

Osun government, in a bid to deliver on its promises to the people, concluded a three-day retreat designed to elicit robust and rigorous discussions along the line of the State’s revenue vis-à-vis budget performance in 2017.

Government, in the communique, stated that the performance of the 2016 budget, the draft 2017 budget proposal, performance of IGR and projects to be embarked and improved upon to catalyse economic growth among others were reviewed at the retreat.

Participants at the retreat were drawn from both the public and private sectors, comprising the Governor,  Deputy Governor, Speaker of the State House of Assembly, Secretary to the State Government, Chief-of-Staff to the Governor, Head of Service, prominent citizens of Osun, former cabinet members of the State Executive Council and Heads of relevant MDAs of the State.

The communique held that for sustainable good governance of the state, the minimum that the state requires monthly is not less than N10 billion.

It added that the success of the proposed 2017 budget which is proposed to be a balanced budget is dependent on aggressive revenue drive that takes IGR to between five and six billion Naira per month.

It also stressed that budget estimates of the state should be driven by revenue and not expenditure in line with global best practices with the need to set up committees to: review existing revenue heads; determine genuine heads of revenues and conduct realistic assessments of what can be generated.

The communique read in part, “The proposed committees should be done within two weeks of the conclusion of the retreat. Quarterly review of revenue generation performance by all revenue generating agencies to appraise performance, identify challenges, propose solutions towards the attainment of revenue set targets.

“Mobilisation of the civil service to embrace efficiency and productivity as the essence and watchword for successful budget implementation in 2017. Effective coordination of all revenue generation activities in the state by Osun Internal Revenue Services (OIRS).

“Prioritisation of projects with a view to funding them at the appropriate time was also considered imperative and potential areas considered as quick-wins on the state’s IGR generation were identified for immediate exploration.

“State Asset Management Agency (O’SAMA) to be established for mapping, custody and management of all the state’s assets particularly land and vacant school properties across the State”.

The communique also emphasised that for effective implementation of the Land Use Charge Law, it is resolved that Local Government staff should be trained and engaged for the identification, enumeration, categorisation of properties, and service of assessment notices.

It also noted that abattoirs should be set up across the state with private sector involvement to enhance health and sanitation.

Niger State Gov. Presents 108bn Naira Budget For 2017

Niger State Gov. Presents 108bn Naira Budget For 2017The Niger State Governor, Abubakar Sani Bello, has presented 2017 fiscal year budget proposal of over 108 billion Naira to the state House of Assembly for passage.

The budget tagged ‘Budget of Consolidation’ is N22.9 billion and 21.27% more than the 2016 budget.

Governor Bello, while presenting the budget to the members of the state House of Assembly on Friday, said that the proposed budget comprises of a recurrent expenditure of N48,047,960,278 which is 44.45% of the budget and Capital Expenditure of N60,026,337,973 which is 55.55% of the budget size.

The Governor stated that the budget would be generated through Statutory Allocation of N50,695,206,724, Value Added Tax (VAT) of N8,793,474,040, Internally Generated Revenue of N12,403,874,117, Paris Club loan N13,400,000,000 and Capital Receipts of N22,781,770,379.

He further said that the budget would focus on Youth and Women Empowerment as they constitute a large part of the population; completion of projects; enhancement of IGR; re-introduction of teachers’ colleges; transformation of education and development of waterworks.

The Speaker of the state House of Assembly, Rt. Hon Ahmed Marafa, in his remark, said that the lawmakers would ensure the passage of the bill in a shortest possible time and would intensify effort in monitoring the 2017 budget performance so as to provide social amenities to the people in the state.

The Commissioner of Information, Culture and Tourism, Hon Jonathan Vatsa,  while reacting to the budget presented by the Governor to the state House of Assembly, says that the Governor has good intentions for the people of the state focusing on youths and women empowerment and re-introduction of teachers colleges, transformation of education in the state.