OGIRS Proposed N100 Billion IGR for the 2024 Fiscal Year
Ogun State Internal Revenue Service (OGIRS) has proposed N100 billion Internally Generated Revenue (IGR) for the 2024 fiscal year.
The projected N100 billion IGR is higher than N90 billion for the 2023 fiscal year.
OGIRS Executive Chairman, Olugbenga Olaleye, announced the projection while defending the state treasury board meeting for the 2024-2026 medium term expenditure framework and the proposed 2024 budget at the Oba Complex,Oke Mosan, Abeokuta.
To realize the 2024 target, Olaleye said the agency intends to expand its Stax Net with digitalization, data analysis and enforcement of revenue.
Meanwhile, Governor Dapo Abiodun has called on the Chartered Institute of Stockbrokers to lead the advocacy on transparency, accountability, and good governance, to build the needed trust and confidence in the capital market.
He made this known during the 27th Annual Stockbrokers’ Conference with the theme “Appraising New Trends in the Global Capital Market, Localising the Benefits” held in Abeokuta.
The governor tasked the conference to deliberate extensively on how the capital market could be a veritable source of capital aggregation that should fund the much-needed infrastructure and enhance the growth of local corporations in the country.
He opined that it was important for sub-nationals and even the federal government to collaborate and partner with the stock exchange to unlock the much-needed infrastructure that Nigerians need.
He also disclosed that sub-nationals like the state have commercial infrastructural projects that the capital market could help in funding, calling on the institute to continue to encourage investors to come from all over the globe and invest in the State.
“While the comparative evolution of Nigeria’s capital market and others around the world is necessary, the conference must also deliberate extensively on how the capital market can be a veritable source of capital aggregation that can fund the much-needed infrastructure and enhance the growth of local corporates in the country which will provide employment and help in the quest for economic diversification,” he said.