Economy

Osun Now Generates Over 19 Billion Naira IGR- Auditor General

The Internally Generated Revenue of Osun State has increased from over thirteen billion naira in 2018 to over nineteen billion naira in the present year..

This revelation is contained in the audited financial reports of the state presented to the public by the state auditor general, Mr Folorunso Adesina.

Mr Adesina said the public presentation was part of efforts to keep citizens abreast of the financial status of the State, showcase prudence in the management resources
and, strengthen the existing public trust and confidence that had been the hallmarks of the Administration.

Thw Auditor-General of the State, Mr. Folorunso Adesina said the increase in the IGR was a product of accountability, transparency and probity in the management of the State’s resources demonstrated by Governor Adegboyega Oyetola.

While reeling out the audited reports of the finances of the State for the year 2020, Mr Adesina said Public Finance Management (PFM) reform under the leadership of Governor Oyetola, received a boost by becoming one of the pioneer States to assist and implement Audit Act in Nigeria, a feat the Federal Government is yet to attain.

He said the presentation of the 2020 fiscal account would make Osun to consolidate on its pacesetter status among the comity of states in the country and further build public trust and confidence in governance.

The Auditor General pointed out the economic and social sectors took over 86% of the Total Capital Expenditure which was responsible for government’s ability to build, rehabilitate, revitalize and deliver for public use over 300 Primary Healthcare Centres as at the time of the report.

He hinted that on infrastructure, the Office through the monitoring team inspected roads construction embarked upon and completed by the State such including Moro-Yakoyo-Ipetumodu-Asipa road; Ada-Igbajo road; Overlay of Oke-Gada-Army Baracks road, Ede; Ereja roundabout-Eregun-Isaare-Oke-Oye road, Ilesa; Akindeko-Awosuru-Alekuwodo road; various rural electrification projects spread across the State among others.

On budget performance, the Auditor-General said Goverment had performed credibly on its revenue generation efforts, most especially on IGR as reported in the comparison of revenue between previous years.

Earlier, Speaker, Osun House of Assembly, Mr Timothy Owoeye lauded the Administration of Governor Oyetola for running an all inclusive and participatory government.

The Speaker who was represented by the Chairman House Committee on Public Accounts, Hon. Gbenga Ogunkanmi reaffirmed the House’s commitment to continue to ensure check and balances in the management of the State in general and public treasury in particular.

In his remarks, the Head of Service, Dr. Olowogboyega Oyebade applauded the financial prowess of the Administration of Governor Oyetola to maintain and sustain the economy of the State despite the daunting challenges.

The Audit Forum had in attendance members of the Civil Society Organizations; Stakeholders, Heads of Non-Governmental Organizations; top government functionaries, professional bodies, artisans among others.

Adenitan Akinola

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