OGIRS Generates N17.9bn In 6 Months - THE DAILY CRUCIBLE

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Wednesday, August 4, 2021

OGIRS Generates N17.9bn In 6 Months




By Our Reporter 

Ogun State Internal Revenue Service says it has generated an aggregate N17.936bn from January to June this year.

It says further that the figure represents over 47% performance compared to the outcome of the corresponding period of previous year. 

The chairman of OGIRS, Mr. Olugbenga Olaleye, disclosed this at the Assembly complex, Abeokuta, during an ongoing  budget performance apprasal before members of the State House of Assembly Committee on Finance and Appropriation led by Hon. Kunle Sobunkanla.

Olaleye recalled that the revenue performance reflected an increase by N2.83bn compared to the cumulative N15.11 billion generated in year 2020 and N2.86bn in 2019 despite the adverse effects of COVID-19 on the global economies.

Giving the breakdown of the revenue performance, he said the revenue came from personal tax, stamp duty, road taxes, withholding tax, tax investigations, consumption tax and development levies amongst other sources. 

The chairman noted that the agency would in no time commence tax audit to further boost its revenue generation drive to the tune of N9.4bn.

He also assured of introduction of technology-driven policies to ease tax compliance.

According to Olaleye, the tax audit set out to raise tax assessment on tax payers, improve tax compliance check on tax payers, while achieving holistic tax reviews and investigation.

In his remarks,  the chairman, assembly committee on finance and appropriation, Sobunkanla along with his colleagues -  Ganiyu Oyedeji, Damilola Soneye and Abdul Bashir Oladunjoye, lauded the agency for its performance.

He assured the agency of legislative support towards accomplishing its target.

The Lawmakers also appraised the budget performances of the State Ministry of Budget and Planning as presented by the Permanent Secretary, Mrs Funmilayo Dada, and that of the Finance Ministry as reeled out by its Permanent Secretary, Hassan Adekunle.

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