The Ogun Internal Revenue Service (OGIRS) says it generated N29.75billion to the coffers of the state government from January to October 2021.
Ogun revenue service generates N29.75bn in 10 months. [plustvafrica]
Mr. Olugbenga Olaleye, the Chairman of the OGIRS, disclosed this on Thursday while defending the 2022 budget proposal of the agency before the Ogun House of Assembly Committee on Finance and Appropriation.
Olaleye said that the agency proposed to generate the sum of N56.3billion as revenue in 2022.
He reeled out the sources of the revenue to include: personal income tax, pools betting/casino license, capital gain tax, road tax, withholding taxes, tax investigation, and direct assessment.
The chairman said the agency also proposed a total expenditure of N2.18 billion, out of which N349.9million was earmarked for various capital projects, while N1.83billion would cater for salaries and allowances of the workforce.
He said that the agency was working round the clock to ensure digitization of tax payments with a view to further blocking all revenue leakages.
Similarly, the Clerk of Ogun Assembly, Mr. Deji Adeyemo, said that the ninth Legislature would continue to make laws and pass relevant motions into resolutions, especially on policies meant to advance socio-economic development.
Adeyemo, who defended the 2022 budget estimate of the assembly, said that the institution was poised to carry out oversight functions on Ministries, Departments, and Agencies of Government.
The clerk explained that the assembly would continue to ensure that government business was conducted according to the laid down rules and regulations.