Ogun Ranks 4th as states’ mid-year IGR hits N849.12bn

Ogun State has been ranked 4th in revenue generation among the 36 states in the country.

Figures obtained from the National Bureau of Statistics on Internally Generated Revenue Report at State level for Half Year 2021 revealed on Thursday.

The ranking according to the Statisense showed that Ogun generated N54.8b between January and June 2021.

This indicates a positive growth of 131.5 per cent .

Lagos state has the highest Internally Generated Revenue with N267.23bn in H1 2021, followed by FCT with N69.07bn and Rivers State with N57.32bn, and Ogun state with 54.8bn, while Yobe state with N4.03bn recorded the least.”

States recorded N849.12bn Internationally Generated Revenue in the first half of 2021 financial period.

The state which came behind Lagos, FCT and Rivers on the ranking, recorded a plus of 131.5% revenue increase in the months under review.

Reacting to the ranking, the Chief Economic Adviser and Commissioner for Finance, Dapo Okubadejo, noted “this is the first time in the history of Ogun State that we’d be generating such an amount within just nine months”

He attributed the feat recorded by the state to the current revenue generation drive by the incumbent administration led by Governor Dapo Abiodun.

Okubadejo added that various economic initiatives capable of enhancing Ease of Doing Business being implemented by the administration, has begun to yield positive results.