The Ogun government said it had generated the sum of N81.420billion as Internally Generated Revenue (IGR) in 2019.
A statement issued on Friday on behalf of the Commissioner for Finance, Dapo Okubadejo refuted a report being circulated in some section of the media that the state generated N70,922,590,495.89 in 2019.
The statement, signed by the Information officer of the Ministry of Finance, Segun Craig, stated, “The attention of the Hon. Commissioner of Finance, Ogun State, Dapo Okubadejo has been drawn to recently circulated information in the media on the Internally Generated Revenues records of the 36 states of the Federation.
Okubadejo who doubles as the Chief Economic Adviser to Governor Dapo Abiodun, added, “In the said release, Ogun state was erroneously reported to generate the sum of N70,922,590,495.89 (Seventy billion, nine hundred and twenty-two million, five hundred and ninety thousand, four hundred and ninety five naira, eighty nine kobo only) in the year 2019.
“However, from the audited account of the state for 2019, which was published in some national newspapers, the actual figure of Ogun State Internally Generated Revenue stands at N81,420,131,107.00 (Eighty one Billion, four hundred and twenty million, one hundred and thirty one thousand, one hundred and seven naira only).
“The State Government, through the office of the Hon. Commissioner of Finance and Chief Economic Adviser to the Governor hereby deems it highly expedient to advise all relevant stakeholders in the financial sector and beyond, and to also call on the reading public to be properly guided,” the statement read.