The dedication of the Governor of Ogun State, Dapo Abiodun administration, to pursue good governance in growing the financial potential and capability of the state is claimed to have taken the worth of the state's financial system to over N6 trillion .
The Commissioner for Finance and Chief Financial Adviser to Abiodun, Hon Dapo Okubadejo, disclosed this on Monday throughout the 2024 Funds media briefing on the Olusegun Osoba Press Middle within the Governor's Workplace, Oke Mosan, Abeokuta.
Okubadejo added that the state is focusing on N240 billion Internally Generated Income (IGR) from the N703 billion price range this yr.
He stated: “Once we began 2019, the financial system of Ogun State was a lot decrease however now it’s over N6 trillion. To offer an thought of this, the price range of the whole nation is N28 trillion, and the overall for the states is N17 trillion, of which Ogun has N703 billion, making us quantity 5 within the nation.
“We really began with a price range of over N300 billion however inside 4 years we doubled it with a price range efficiency of 75 p.c in a number of years, we’d say a trillion price range. Our land mass alone is 16,000 per sq. meter and there are such a lot of sources to be exploited.”
Okubadejo burdened that the state was one of many states within the nation that was much less depending on federal allocation, saying the state wanted to be economically and financially impartial.
The Commissioner defined that the 2024 price range of over N703 billion would have a major and constructive affect on the folks of the state.
