Ogun Targets N10bn IGR Monthly, to Host Investors’ Forum

• Ogun Targets N10bn IGR Monthly, to Host Investors’ Forum

The Ogun State Government has announced plans to increase its monthly Internally Generated Revenue from N7bn to N10bn.

Governor Ibikunle Amosun said this on Tuesday in Abeokuta during a media briefing ahead of the annual investors’ forum scheduled to hold on March 20 and 21, 2018.

He said the state hoped to raise the bar in its IGR from the present N7bn to N10bn monthly before 2019, when he would be completing his second term in office, with a three-pronged approach.

Amosun explained that his administration would achieve this through agriculture, technology and industrialisation.

Speaking on the Ogun State 2018 Investors’ Forum with the theme, ‘Consolidating the gains, accelerating growth,’ the governor said Vice President Yemi Osinbajo, and a former President of Mexico, Felipe Calderon, were expected at the gathering, where businessmen and women within and outside the country would converge.

Amosun added that no fewer than 148 companies had opened shops and invested between $200m and $2bn in the state in the past two years.

He stated that his administration had made giant strides in industrialising the state through the provision of an enabling environment for businesses to thrive.

He said, “In the manufacturing business in Nigeria, we have diversified the economy for us to grow in Ogun State. We have demonstrated this with the investors and entrepreneurs. We have created an enabling environment for businesses to thrive.

“So, about 148 companies have opened shops and invested between $200m and $2bn in the last two years. Every day, new investors come to us in a bid to establish their businesses here in Ogun State. But we want to take development and growth in Ogun State beyond the industrial hub of the country.”

He added, “When we came on board, we came with five cardinal programmes, and thank God today, Ogun State is out of the doldrums. Things are now taking shape. In the comity of states, in terms of IGR, Ogun State is second in position.”