Members of the Ogun State House of Assembly Committee on Finance and Appropriation have applauded the State Ministry of Finance for surpassing its Internally Generated Revenue (IGR) target for the 2025 mid-year period, describing the performance as a step in the right direction for the State’s fiscal sustainability.
The commendation was given during the ongoing budget performance appraisal at the Assembly Complex in Oke-Mosan, Abeokuta, where the lawmakers assessed the ministry’s financial implementation for the first half of the year.
Leading the session, the Chairman of the Committee, Hon. Musefiu Lamidi, expressed satisfaction with the Ministry’s revenue presentation and urged the team not to relent but to sustain the momentum with innovative strategies that will further boost the State’s revenue base.
Lamidi was joined by other committee members including Hon. Damilare Bello, Hon. Dickson Awolaja, Hon. Babatunde Tella, Hon. Folawewo Salami and the Minority Leader, Hon. Lukman Adeleye. They all acknowledged the ministry’s commendable effort while also setting a higher expectation for the Ogun State Internal Revenue Service (OGIRS).
While acknowledging OGIRS’ mid-year performance, the lawmakers tasked the agency to double its efforts in order to exceed its 2025 revenue target by December, especially as the first half of the year saw some revenue shortfall.
Presenting the Ministry of Finance’s report, the Permanent Secretary, Alhaji Muftau Towolawi, disclosed a 52 percent revenue performance within the review period. He appreciated the Assembly’s support and assured that the ministry would remain committed to improving its financial operations to support the State’s development priorities.
Also speaking, the Director of Finance and Accounts at OGIRS, Mrs. A. A. Okunronmu, presented an 80.69 percent revenue performance for the agency. She pledged that OGIRS would intensify efforts over the next six months to surpass the current achievement and close the gap on its yearly target.
