Ogun sets ₦500bn IGR target for 2026 budget

The Ogun State Government has unveiled an ambitious plan to generate ₦500 billion in Internally Generated Revenue (IGR) for the 2026 fiscal year.

Governor Dapo Abiodun made the declaration on Tuesday during the Treasury Board meeting on the 2026–2028 Medium-Term Expenditure Framework (MTEF) and the 2026 Budget session held at the Obas Complex, Oke-Mosan, Abeokuta.

Abiodun said the state, being Nigeria’s foremost industrial hub, would leverage its proximity to Lagos—the country’s economic nerve centre—and its expansive landmass of over 16,000 square kilometres to meet the target.

“This state has no business generating less than ₦500 billion a year, and that must be our target,” the governor said. “By the time we leave in 2027, Ogun State’s revenue should hit about ₦750 billion. That is what ambition looks and feels like.”

He directed the Ogun State Internal Revenue Service (OGIRS) to contribute ₦250 billion of the projected revenue, while other key agencies—including the Ogun State Property and Investment Corporation (OPIC), Bureau of Lands, Ministry of Education, Science and Technology, and Ministry of Housing—were charged to intensify their revenue mobilisation efforts.

The governor described all Ministries, Departments, and Agencies (MDAs) as “pieces of a jigsaw that must fit together to complete the bigger picture,” stressing that every arm of government must play a strategic role in achieving the goal.

“Our comparative advantage has not been fully utilised by past administrations. Our strength lies in providing what Lagos cannot offer. I expect every MDA to prepare an ambitious budget—aim for the stars, and if we miss, we’ll at least land on the moon,” Abiodun added.

He further urged government agencies to adopt creativity and innovation in their operations, commending those already showing improved performance.

Speaking on the poor state of the Kara area near Isheri, the governor reaffirmed his administration’s commitment to urban renewal, stating that the location would soon undergo major redevelopment.

“The new Ogun State cannot afford to retain that sight at its gateway. You cannot enter the state and the first thing you see is an eyesore. There’s no better time to act than now—we can’t leave it as a burden for the next administration,” he said.

Abiodun disclosed that an inter-ministerial committee comprising officials from the Ministries of Environment, Physical Planning and Urban Development, the Bureau of Lands, and other relevant agencies had been established to handle enumeration, compensation, and relocation plans for the area’s transformation.