“What we need to do better is to foster an enabling tax environment and administration that allows us to optimise our revenue potential as sub-nationals.”
“He cited his success…raising the internal revenue generation of the state from a paltry N600 million monthly, which has now grown to N51 billion today.”
The latest report by the DMO showed that Ogun has the second highest debt stock in the South-West, and fifth highest in the country.
The upper chamber instructed that agencies that can generate more funds should contribute to government coffers.
The chairman of the panel called for improved quality to justify the government’s expenditure on higher institutions.
“The commission was the most consistent among the leading MDAs ranked in 2019 and 2020.”
“A few years ago, our monthly IGR was about N800 million, but 15 to 20 years later, we are talking about billions.”
The 36 states of the federation plus the FCT realised a total IGR of N1.31 trillion in 2020, an NBS report said.
The government has contracted the rehabilitation to an Italian company, Technimount SPA.
Mr. Adams urged South-West governments to adopt the Rwanda model by engaging expertise in their agricultural sectors.
