Ogun State Government has set an ambitious target of generating N500 billion in Internally Generated Revenue (IGR) to finance the 2026 fiscal year.
The state governor, Dapo Abiodun, gave the charge during the treasury board meeting on the 2026–2028 Medium-Term Expenditure Framework (MTEF) and the 2026 Budget held at the Obas Complex, Oke-Mosan in Abeokuta.
Abiodun noted that as Nigeria’s industrial hub, Ogun State would leverage its strategic proximity to Lagos State—the nation’s largest economy—and its vast landmass of over 16,000 square kilometres to achieve the target.
He specifically tasked the Ogun State Internal Revenue Service to contribute N250 billion of the total target, while other key revenue-generating agencies, such as the Ogun State Property and Investment Corporation (OPIC), the Bureau of Lands, the Ministry of Education, Science and Technology, and the Ministry of Housing, were directed to scale up their efforts.
Abiodun emphasised that every Ministry, Department and Agency (MDA) has a critical role to play in achieving the goal, describing them as “pieces of a jigsaw that must fit together to complete the bigger picture.”
He, however, revealed that an inter-ministerial team, comprising officials from the Ministries of Environment, Physical Planning and Urban Development, the Bureau of Lands, and other relevant agencies, had been set up to handle enumeration, compensation, and relocation efforts necessary for the corridor’s transformation
IN another development, a crisis is currently unfolding in the Ondo State House of Assembly following the resolve of the lawmakers to move against the Speaker of the House, Olamide Oladiji, over his alleged attempt to give speedy passage to the N531 billion supplementary budget presented by Governor Lucky Aiyedatiwa.
The lawmakers, according to sources within the Assembly, were infuriated over the rationale behind such a request, barely two months to the end of the fiscal year.
The supplementary budget was read on the floor of the Assembly by the Clerk, Benjamin Jayeola, and was subsequently referred to the House Committee on Finance and Appropriation, chaired by Oluwole Ogunmolasuyi.
The sitting was said to have ended in chaos as several lawmakers staged a walkout after heated arguments over the proposal, with one of the lawmakers saying, “We did not even finish the sitting.”
The lawmakers accused the Speaker of aligning with the governor to push the bill through, alleging that Oladiji’s stance was politically motivated.
Meanwhile, the opposition Peoples Democratic Party (PDP) in the state has described the purported move as an attempt to divert public resources into political war chests ahead of next year’s election.
The party’s Director of Media and Public Communications, Wande T. Ajayi, said that the budget was not that of progress but plunder, stressing that “no leader that respects the constitution would override the legislature, intimidate lawmakers, or attempt to enact a rejected bill.
But speaking on the development, the state’s Commissioner for Information, Idowu Ajanaku, confirmed that the supplementary appropriation bill was forwarded to the Assembly.
He, however, denied the division within the lawmakers over the supplementary appropriation bill, expressing optimism that the supplementary budget will be passed by the lawmakers.
