We Generate ₦5 Billion Monthly In IGR – Makinde

The Governor of Oyo State, Seyi Makinde, has disclosed that the state generates ₦5 billion monthly as internally generated revenue.

Governor Seyi Makinde said Oyo State needed more resources to carry out its development plans for the state.

In a statement on Thursday, Makinde said his administration would widen the tax net to accomplish developmental projects.

“It is clear that we need more resources. A quick fix that has been deployed by various States in Nigeria, including our neighbouring southwest States is raising taxes.

“So, we chose a different approach. This is a longer approach but it has more long-term benefits. We are expanding the tax net; to do this requires data, to get data requires getting people captured.

“To capture these people requires dismantling opaque systems that have thrived on corruption over the years. Sometimes, we have to fight principalities and powers including people who pose as friends. But we are getting there.

“We have increased our State’s internally generated revenue (IGR) from about N2 billion monthly to about N5 billion monthly, demonstrating we are moving in the right direction,” Makinde said.

He said his administration has completed 333.5 kilometers of roads across the state.

“Since 2019, our administration has completed 335.77 kilometres of roads within the State (this does not include roads fixed by local government authorities). Yet, it sometimes feels like we have only scratched the surface. We still have complaints about last-mile roads and how it affects our people’s daily commute,” Makinde added.