Ogun State’s Financial Creativity Elevates IGR Ranking – Gov. Abiodun

NewsContinental

…vows to complete all ongoing projects without imposing additional tax burden

Ogun State Governor, Prince Dapo Abiodun, has reaffirmed his administration’s commitment to completing all ongoing developmental projects without imposing additional taxes on residents. Highlighting the state’s financial creativity and transparency, he noted that Ogun is now the top internally generated revenue (IGR) state in Nigeria after Lagos, making it one of the most viable states in the country.

Speaking during the budget presentation at the Ogun State House of Assembly, the Governor emphasized his focus on projects that drive revenue, create employment, and align with the State Economic Development Plan & Strategy 2021–2025. He stated that his administration has significantly reduced the state’s infrastructure deficit in under six years, guided by the ISEYA mantra, which has spurred growth across sectors.

Governor Abiodun stressed that his developmental agenda prioritizes projects aligned with the Medium-Term National Development Plan 2021–2025, covering areas such as economic growth, infrastructure, governance, human capital, and regional development.

He said that his administration had been able to reverse the humongous infrastructural deficit it inherited from successive governments in the State in less than six years of his tenure, adding that the ISEYA mantra, as a compass of developmental drive for his administration, had helped in no small way to enhance speedy growth in all sectors.

“The inherent concept of our developmental agenda is predicated on projects that align with the seven thematic areas contained in the Medium-Term National Development Plan 2021-2025, namely: Economic Growth and Development; Infrastructure; Public Administration (Governance, Security, and International Relations); Human Capital Development; Social Development; Regional Development; Plan Implementation, Communication, Financing, Monitoring, and Evaluation,” Abiodun averred.

The Governor, however, promised residents of the State that despite the aggressive move to generate revenue and block leakages, his government would never impose additional burdens on them.

It would be recalled that the Ogun State Governor had presented a total of N1,054,542,020,147.47 to the State House of Assembly as the State’s proposed budget for 2025, tagged “Budget of Hope and Prosperity,” which is made up of N453.56 billion as recurrent expenditure and N600.98 billion as capital expenditures.