15th November, 2021
Governor Seyi Makinde has said that the increase in the Internally Generated Revenue (IGR) of Oyo state was a result of hard work.
He described the leap in the IGR as captured by the National Bureau of Statistics for the first two quarters of 2021 as a manifestation of his administration’s pragmatic approach to governance since May 2019.
NBS recently published its 2021 half-year report on states’ IGR, indicating that Lagos State topped the chart with N267.23bn, followed by FCT (N69.07bn) and Rivers State (N57.32bn).
Oyo State with N25.19bn was seventh. In 2020, the state generated N38.04 billion for the full year.
Chief press secretary, Taiwo Adisa said that the administration is committed to turning Oyo State into an economic and investment hub.
He said the Makinde government has transformed the agriculture and infrastructure sector and ensured adequate security.
It has also taken bold initiatives to encourage the ease of doing business, he said.
Mr Adisa said Governor Makinde would not relent in his effort to expand the economy of the state and improve its finances.
He said the government would continue to be bullish in its approach to expanding the state’s economy, adding that this is in line with Makinde’s commitment in the Roadmap for Accelerated Development of Oyo State, 2019-2023.