Ogun state government expresses optimism of raking in N240 billion as internally generated revenue in 2024
The Ogun State Government has expressed optimism that about N240 billion is expected to be raked in as Internally Generated Revenue (IGR) in 2024, boasting that it has become the model for industries, logistics, knowledge and innovation.
Penpushing reports that Commissioner for Finance and the Chief Economic Adviser to the Governor Dapo Okubadejo made this known on Monday at budget breakdown and media parley held at Olusegun Osoba Press Centre, Abeokuta.
The Commissioner pointed that this was visible as a result of the economic policies put in place by Governor Dapo Abiodun since 2019, adding that the administration had been working in line with the Medium-Term Economic Framework (MTEF), developed in 2020.
Penpushing further reports that Okubadejo, stated the government has continued to create an enabling environment that made the state the most preferred investment destination in the country, stressing that the policies were responsible for the feat in the state being declared the most Improved and the most viable economy in 2023.
The Commissioner boasted that the state has been recording steady growth in the last four years, noting that this growth has recorded an appreciable increase in the budget size and performances of the state, explaining that the 2024 budget of N703 billion was a tremendous increase in comparison to the 2023 figure of N472 billion.
Penpushing reports that Okubadejo was accompanied by other colleagues which include Olaolu Olabimtan(Budget and Planning) Olaolu Olabimtan, Dr Tomi Coker(Health), Gbenga Dairo(Transport), Ade Akinsanya(Works), Bolu Owotomo (Agriculture) and Prof Arigbabu(Education)
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