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Lagos Govt Generates N127bn In Q1 Of 2021


 
The Lagos State Government says it has recovered 1.2 billion naira in excess bank charge over the period of six years and generated 127 billion naira Internally Generated Revenue in the first quarter of the year 2021.
The Commissioner for Finance, Mister Rabiu Olowo made this known at the state ministerial briefing ahead of Governor Babajide Sanwo-Olu’s two years anniversary.
Mr. Olowo says the year 2020 ended with 88 percent budget performance, with a capital recurrent expenditure of 56:44%.
The expenditure performance for the first quarter of the year 2021 stands at 69% with a Capital Expenditure Ratio of 42:58%.
To achieve efficiency and reduced Cost of Fund, the commissioner also says the State successfully re-negotiated its existing debt obligation from 19% to 14% and further down to 12% which brought about N8.9bn savings. ....

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Ogun Nets N21bn IGR in Q1, Targets N100bn in 2021


Obinna Chima
Despite the decline in its Internally Generated Revenue (IGR) last year due mainly to the effects of COVID-19, Ogun State Government raked in N21 billion in the first quarter of this year. Governor Dapo Abiodun disclosed this in a statement on Friday, saying the state has perfected plans to generate over N100 billion in 2021.
Abiodun spoke at a special Iftar (breaking of fast) with members of the House of Representatives, House of Assembly, State Executive Council, and the Body of Permanent Secretaries. He stressed that his administration was committed to putting the state on a strong financial and economic footing through creative governance. ....

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IGR: Ogun targets over N100b in 2021 - Vanguard News


Vanguard News
IGR: Ogun targets over N100b in 2021
On
James Ogunnaike – Abeokuta
Despite the decline in its Internally Generated Revenue (IGR) last year due to the effect of COVID-19 pandemic, Ogun State government says it has perfected plans to generate over a hundred billion naira as IGR in 2021.
The State Governor, Prince Dapo Abiodun made this known on Friday evening  at a special Iftar (breaking of fast) with members of the House of Representatives, the State House of Assembly, the State Executive Council and the Body of Permanent Secretaries.
He stressed that his administration was fully committed towards putting the state on strong financial and economic footing through its creative approach. ....

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