The Ogun State government says it is collaborating with banks and other financial institutions in the state towards promoting the enabling environment for business by ensuring that tax payers can easily make payments from any location.
The Commissioner for Finance and Chief Economic Adviser to the Governor, Mr. Dapo Okubadejo who stated this at a forum with divisional heads and operations managers of banks and other financial institutions in Abeokuta noted that IGR had a direct bearing on the mode of payments by tax payers.
Mr Okubadejo said it was imperative for the institutions to key into the various innovative ideas and financial management reforms of the state government aimed at broadening the state’s revenue base and ease of doing business.
He maintained that implementation of the treasury management system, digital billing and payment management system as well as creation of the Ogun State Land Administration and Revenue Management System among had helped the state in blocking leakages while increasing the Internally Generated Revenue, IGR.
The Commissioner who noted that the state realised about 100 billion naira IGR last year, against the 50 billion naira generated in 2020 due to the COVID-19 pandemic expressed optimism that the collaboration with the banks would enable the state to meet and surpass current revenue targets.
Responding on behalf of the bankers, Mr. Adeniran Oladele commended the government for the various reforms and promised to collaborate with the state to achieve its set targets.
Olusegun Folarin
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