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Oyo govt. makes U-turn, disclaims N2.7billion October IGR figure

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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.

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“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.”

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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.

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Rainstorm plunges forty Ogun communities into darkness

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Forty communities in Ogun State have been plunged into darkness following a rainstorm on Sunday.

The downpour, which began midday, destroyed electricity facilities in some parts of the state, leading to a blackout.

“Due to broken poles occasioned by the heavy downpour at Ota and Mowe, customers in the following communities: lyana lyesi, Osuke Town, Egan Road, lyana Ilogbo, Ijaba, Ijagba, Itele, Lafenwa, Singer, Joju, Alishiba, Oju Ore, Tollgate, Eledi, Akeja, Abebi, Osi Round About, Ota Town, Ota Industrial Estate, Igberen, lju, Atan, Onipanu, Obasanjo, Lusada, Arigba, Odugbe, Ado-Odo, Igbesa, Owode,” the Ibadan Electricity Distribution Company (IBEDC) said in a statement late Sunday.

“Olokuta, Hanushi, Bamtish Camp Lufiwape, Eltees Farm, August Engineering, Spark Cear Soap Ayetoro, Amazing Grace Oil, Christopher University, Royal Garden Estate, Pentagon Estate, and environs are experiencing power outages”.

It called on residents of the areas to avoid “contact with the broken poles, saggy wires or any other electrical installation affected by the rain.

“Our technical team is working to clear and replace the broken poles and installations to ensure power supply is restored as soon as possible,” IBEDC said.

A video circulating on social media showed fallen electricity poles on vehicles in a flooded Sango-Ota area of the state.

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Israel Vows To Increase ‘Military Pressure’ On Hamas In ‘Coming Days’

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(FILES) Israeli Prime Minister Benjamin Netanyahu (Photo by Abir SULTAN / POOL / AFP)

Prime Minister Benjamin Netanyahu on Sunday said Israel will increase “military pressure” on Palestinian militant group Hamas in a bid to secure the release of hostages held in Gaza.

“In the coming days we will increase the military and political pressure on Hamas because this is the only way to free our hostages,” Netanyahu said in a video statement on the eve of the Jewish holiday of Passover, threatening to “deliver additional and painful blows” without specifying.

Despite an international outcry, Netanyahu has repeatedly said that the army will launch a ground assault on Rafah, a southern Gaza city so far spared an Israeli invasion where more than 1.5 million Palestinians have taken refuge.

The army has said some of the hostages abducted from southern Israel during Hamas’s October 7 attack that sparked the war were being held in Rafah.

Military spokesman Rear Admiral Daniel Hagari said in a televised statement later on Sunday that “the chief of staff has approved the next steps for the war,” without offering details.

“On Passover, it will be 200 days of captivity for the hostages… We will fight until you return home to us.”

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FG to Launch CNG Initiative Ahead of Tinubu’s Anniversary

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The presidency announced on Sunday that the Federal Government is gearing up to launch its compressed natural gas (CNG) initiative in May, coinciding with President Bola Tinubu’s upcoming first anniversary in office.

Tinubu had declared the end of the fuel subsidy era during his inauguration, a move that led to a surge in fuel prices.

However, he assured the public of implementing measures to mitigate the impact, including the introduction of CNG-powered mass transit buses and tricycles.

According to presidential aide, Bayo Onanuga, the initiative is now ready to be set in motion after nearly a year in the making.

Onanuga stated in a late Sunday statement, “In all, over 600 buses are targeted for production in the first phase that will be accomplished this year.”

He further elaborated on the plans, mentioning, “A new plant on the Lagos-Ibadan Expressway will assemble thousands of tricycles.”

Onanuga revealed that parts manufactured by Chinese company LUOJIA, in partnership with local entities, are en route to Nigeria and expected to arrive early in May.

He added, “About 2,500 of the tricycles will be ready before May 29, 2024.”

The Federal Government aims to procure “5,500 CNG vehicles (buses and tricycles), 100 Electric buses, and over 20,000 CNG conversion kits,” Onanuga explained.

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He also highlighted efforts to facilitate the development of CNG refilling stations and electric charging stations.

President Tinubu’s approval of tax and duty waivers in December 2023 has paved the way for collaboration with the private sector to advance the initiative.

Onanuga noted, “The private sector has responded with over $50 million in actual investments in refueling stations, conversion centers, and mother stations.”

Additionally, plans are underway to assist petrol-powered buses and taxis in transitioning to CNG. Onanuga assured, “Thousands of conversion kits for petrol-powered buses and taxis that want to migrate to CNG are also ready with CNG cylinders.”

In response to negotiations with labour unions over the subsidy removal effects, Tinubu has urged patience from Nigerians, expressing confidence in the long-term benefits of his reforms.

As part of the government’s efforts, a package includes a temporary pay increase for federal employees, suspension of VAT on diesel, and social security cash transfers to the poorest citizens.

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