The Speaker, Osun House of Assembly, Mr. Timothy Owoeye says there must be a mechanism in place for state to boost revenue generation.
Mr. Owoeye stated this during the Osun State 2022 Budget Discussion with Ministry of Economy & Budget Planning, Ministry of Finance, Procurement Office, Accountant General Office, Debt Management Office and Osun Internal Revenue Service at the House of Assembly, Oshogbo.
The Speaker noted that some measures need to be put in place for the State to attain a better Economy position.
He advised the Ministries Departments and Agencies of government to generate more revenue besides Pay As You Earn tax, PAYE.
Mr. Owoeye also urged the Osun Internal Revenue Service to intensify efforts to increase revenue generation as well as block all loopholes where revenues are stolen.
In their remarks, some lawmakers enjoined the Ministry of Economy and Budget Planning to make room for quarterly interaction and not to wait till end of the year.
Earlier, the leader of the team and Commissioner for Economy and Budget Planning, Professor Olalekan Yinusa had said that the state government under is more concerned and committed to ensure proper implementation of the budget in the state.
Professor Yinusa who noted that the State achieved 87% budget performance in 2020, 97% budget performance in 2021, observed that there was no basis to increase tax against people in the state.
Funmi Adekoya
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