Governor Dapo Abiodun of Ogun State has highlighted the financial creativity and transparency of his administration, placing the state as Nigeria’s second-highest in Internally Generated Revenue (IGR) after Lagos. He affirmed Ogun’s position as one of the three most viable states in Nigeria.
Speaking during the budget presentation at the Ogun State House of Assembly, the governor emphasized his commitment to completing all ongoing developmental projects without imposing additional tax burdens on residents.
Abiodun attributed the state’s economic growth to a focus on projects with revenue potential, employment generation, and alignment with the State Economic Development Plan and Strategy (2021-2025).
His administration’s ISEYA mantra—Infrastructure, Social Welfare and Well-being, Education, Youth Empowerment, and Agriculture—has driven infrastructural progress and sectoral growth within six years.
Read also:
- Stakeholders warn plastic ban could cripple SMEs without recycling infrastructure
- Traders to be relocated as FCT minister promises infrastructure support
- Kwara State backs creative economy to drive youth employment, inclusive growth
- NSITF urges Nigerian employers to enrol in compensation scheme
- Tinubu hosts inaugural West Africa economic summit to boost regional investment
The proposed 2025 Budget of Hope and Prosperity, amounting to ₦1.05 trillion, includes ₦600.98 billion for capital projects and ₦453.56 billion for recurrent expenses.
“Despite our aggressive revenue drive, we remain committed to avoiding additional burdens on our people while delivering transformational projects that align with national development goals,” Abiodun stated.
Ogun’s advancements in revenue generation and infrastructural development underscore its role as a key player in Nigeria’s economic landscape.
Discover more from SMALL BUSINESS INSIGHTS
Subscribe to get the latest posts to your email.
