Makinde Reveals: Our Monthly IGR Hits ₦5 Billion

Makinde Reveals: Our Monthly IGR Hits ₦5 Billion

Governor Seyi Makinde of Oyo State has revealed that the state generates ₦5 billion monthly in internally generated revenue (IGR). He emphasized that Oyo State requires more resources to implement its development plans effectively……. CONTINUE READING

In a statement on Thursday, Makinde highlighted his administration’s strategy to broaden the tax net to fund developmental projects, rather than increasing taxes.

“It is evident that we need more resources. Many states, including our neighboring southwestern states, have opted to raise taxes. We chose a different, longer-term approach with more sustainable benefits. We are expanding the tax net, which requires gathering data and dismantling corrupt, opaque systems. This often means challenging entrenched interests, but we are making progress.

“We have increased our state’s IGR from about ₦2 billion monthly to ₦5 billion monthly, showing that we are on the right track,” Makinde stated.

He also noted the completion of 335.77 kilometers of roads across the state since 2019, excluding roads maintained by local government authorities.

“Although we have completed significant road projects, it sometimes feels like we have just begun. We continue to receive complaints about last-mile roads and their impact on daily commutes,” Makinde added.