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Oyo govt. makes U-turn, disclaims N2.7billion October IGR figure
Oyo State government has made a U-turn on the recent report in the media about an improvement of the IGR from N1.3billion to N2.7billion in October . The government also said this was contrary to its stance.
It further reinstated its focus at attaining N4billion monthly internally-generated revenue by the year 2020.
The Chairman, Oyo State Internal Revenue Service (OYSIRS), Aremo John Adeleke said this on Wednesday when newsmen visited his office in Ibadan on updates about the issue.
He said the State has set its target a minimum monthly collection of N2billion irrespective of situations that might affect the monthly income despite that it inherited a record of N1.7billion monthly income from its predecessor.
“Oyo State Government is determined to engage in a sustained effort to improve its internally generated revenue from a revenue level averaging about N1.7 billion per month at the time of inception of this new government, the present administration in the short-term, has set its target at a minimum monthly collection of ₦2 billion irrespective of the vagaries and gyrations of the various sub-segments of the state revenue component.
“We want to repeat that the N2billion threshold which is the immediate minimum IGR which we hope for through the Oyo State Internal Revenue Service, continued to be attainable, every month, we will continue to work for increases beyond the threshold until the goal of doubling the IGR of the State to achieve a band of ₦4 billion is attained by December 2020.
“At this point, the State will not indulge in any random celebration of any particular month’s IGR figure because our best is yet to come, even when we cross the ₦4 billion mark in the months to come, this will immediately become another benchmark for higher and stronger IGR performance. We continue to draw appropriate lessons and inferences when our IGR is on the right trajectory in any month. On the other hand we put in measures and constantly revise our strategies in months when we expect to do better.
“We refuse statements in the press putting our IGR as #2.7 billion for the month of October and the IGR inherited by this administration as #1.3 billion. Nevertheless, we are not out to celebrate any specific figure of IGR attached to any month until we have achieved progressive and consistently satisfactory revenue over a sustained period.
“Running along with our strategies of more effective and leak-proof collection, a well enhanced manpower equipped with the right skills, determination to exploit the richness of our informal sector, embrace of the right IT Solution for improvement of specific areas of collection, conscientious and result-driven leadership in the Board and the Ministry of Finance, the good governance and visionary leadership of our leader, Governor Seyi Makinde, Oyo State is poised to positively increase its IGR collection within the shortest possible time under this government. This is what we are working for. This is what we will achieve.”
The State Commissioner for Information, Dr. Wasiu Olatunbosun had earlier hinted that the State was working towards achieving the N4billion monthly IGR benchmark while the State had put in place what it called a strategic revamp of the revenue generation machine to achieve the feat.
But, the state government in a statement signed by the same Commissioner for Information, Culture and Tourism, Dr Olatunbosun on Friday (18th October , 2019 at exactly 10:54 AM said it has set a target of hitting 20 billion naira monthly internally-generated revenue (IGR) before the end of the governor Seyi Makinde’s first term in office.
The State’s IGR, as contained in the statement was reported to be between N2billion and N2.5billion during the tenure of the former governor, Abiola Ajimobi.
The Commissioner stated this at a One Day Workshop for the State media officers which held at the Film Theater of the Ministry on Wednesday.
US car giant Ford on Wednesday announced 4,000 more job cuts in Europe, mostly in Germany and Britain, in the latest blow to the continent’s beleaguered car industry.
“The company has incurred significant losses in recent years,” Ford said in a statement, blaming “the industry shift to electrified vehicles and new competition”.
The move will affect 2,900 jobs in Germany, 800 in the UK and 300 in western Europe by the end of 2027, a Ford spokesman told AFP.
“It is critical to take difficult but decisive action to ensure Ford’s future competitiveness in Europe,” said Dave Johnston, Ford’s European vice-president in the statement.
The company also said it was adjusting the production of its Explorer and Capri models, resulting in reduced hours at its Cologne plant in the first quarter of 2025.
Europe’s car industry has been plunged into crisis by high manufacturing costs, a stuttering switch to electric vehicles and increased competition in key market China.
Germany’s Volkswagen has been among those hardest hit, announcing in September that it was considering the unprecedented move of closing some factories in Germany.
“The European automotive industry is in a very demanding and serious situation,” Volkswagen CEO Oliver Blume said at the time.
Ford had already announced in February 2023 that it was planning to cut 3,800 jobs in Europe, including 2,300 in Germany and 1,300 in Britain.
The company said then it was planning to reduce the number of models developed for Europe, concentrate on the profitable van segment and speed up the transition to electric vehicles.
Ford currently has around 28,000 employees in Europe with 15,000 in Germany, according to the company’s works council.
President Bola Tinubu has approved the dissolution of the Governing Council of Nnamdi Azikiwe University (UNIZIK), Awka, Anambra State, and the removal of the institution’s Vice-Chancellor, Prof. Bernard Ifeanyi Odoh, and Registrar, Mrs. Rosemary Ifoema Nwokike.
The council, chaired by Ambassador Greg Ozumba Mbadiwe, comprised five other members: Hafiz Oladejo, Augustine Onyedebelu, Engr. Amioleran Osahon, and Rtd. Gen. Funsho Oyeneyin.
A statement released on Wednesday by presidential spokesperson, Bayo Onanuga, revealed that the council was dissolved following reports of procedural violations in appointing the vice-chancellor.
According to the statement, the council had allegedly appointed an unqualified candidate, disregarding due process, which triggered tensions between the university’s Senate and the council.
The Federal Government expressed dismay over the council’s actions, emphasizing the need for adherence to the university’s governing laws in decision-making.
“The council’s disregard for established rules necessitated the government’s intervention to restore order to the 33-year-old institution,” the statement noted.
In a related development, President Tinubu also approved the dismissal of Engr. Ohieku Muhammed Salami, the Pro-Chancellor and Chairman of the Governing Council of the Federal University of Health Sciences, Otukpo, Benue State.
Salami was accused of suspending the university’s Vice-Chancellor without following the prescribed procedures, a move the Federal Ministry of Education had previously directed him to reverse.
Despite the Ministry’s directives, Salami reportedly refused to comply and resorted to issuing threats and abusive remarks towards the Ministry’s officials, including the Permanent Secretary.
The Federal Government reiterated that the primary role of university councils is to ensure the smooth operation of academic activities, strictly adhering to the laws establishing each institution.
Tinubu warned university councils against engaging in actions that could destabilize their institutions, as his administration remains committed to enhancing the nation’s education system.
The Ekiti State Government has reached an agreement with labour leaders in the state, signing a Memorandum of Understanding (MoU) for the payment of the N70,000 minimum wage approved by the Federal Government.
Addressing journalists at a brief ceremony in Ado-Ekiti on Tuesday, the Head of Service (HoS), Dr. Folakemi Olomojobi, announced that the payment would commence immediately.
She lauded Governor Biodun Oyebanji for prioritizing the welfare of workers despite the state’s limited resources.
“This development demonstrates the governor’s commitment to improving the livelihood of our workers,” Dr. Olomojobi stated, highlighting the proactive measures taken by the administration to ensure prompt implementation.
In their remarks, the Trade Union Congress (TUC) Chairman, Comrade Sola Adigun, and the Nigeria Labour Congress (NLC) Chairman, Comrade Olatunde Kolapo, expressed their appreciation to Governor Oyebanji for fulfilling his promises to workers.
They confirmed that the new minimum wage would apply to all cadres, including employees in ministries, parastatals, agencies, and pensioners.
The Chairman of the Joint Negotiating Committee (JNC), Comrade Femi Ajoloko, described the implementation as a fair and commendable adjustment.
“This decision reflects the governor’s magnanimity and his dedication to fostering a productive workforce in Ekiti State,” he said.
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