Ogun revenue agency generates N33bn in 8 months

The Chairman, Ogun State Internal Revenue Service (OGIRS), Mr Adekunle Adeosun, said on Friday that the agency generated more than N33 billion from January to August 2017.

Adeosun made this known during an oversight visit of the State Assembly’s Committee on Finance and Appropriation to the agency’s head office in Abeokuta.

He said that the amount generated with the eight months under review was part of the estimated revenue of N41 billion approved for 2017.

According to him, the agency has already recorded 81 per cent performance. The chairman stated that of the N33 billion generated by OGIRS, N31.6billion came from personal income tax, more than N1.2billion from withholding tax, and N318.5million from road tax.

Reinhard Bonnke’s Farewell Crusade In Africa CFAN NIGERIA “Some of the revenue also came from property tax, pools and lottery, levies and also from registration and other miscellaneous collection,’’ he said. Adeosun explained that the achievement recorded in the area of huge revenue collection could be attributed to regular tax education and enlightenment of the public by the state government Reinhard Bonnke’s Farewell Crusade In Africa CFAN NIGERIA According to him, the enumeration of existing and potential tax payers also contributed significantly to the success recorded.

“We do not have any interference from the governor of the state on the issue of tax collection which has significantly contributed to the success of OGIRS in its aggressive revenue drive.

“It could also be attributed to collaboration and exchange of information with Federal Inland Revenue Service (FIRS) and aggressive tax drive within the confine of the law. Low level of voluntary compliance by self employed individuals and informal sectors and paucity of funds to buy operational vehicles are some of the challenges we are facing in OGIRS,’’ he said.