Ogun earns N12b in seven months

In its determination to remain committed to the delivery of democratic dividends in spite of the current economic recession ravaging the nation, the Ogun State Internal Revenue Service said government initiatives led to increased revenue, as the agency has generated over N12billion in the last seven months into government’s coffers.

The Chairman of the State Internal Revenue Service (IRS), Adeosun Adekunle, disclosed this when he hosted the Ogun State House of Assembly Committee members on Finance and Appropriation led by, Hon. Akanbi Bankole, in continuation of the 2016 Budget Assessment tour to the agency.

Adekunle said the achievement, which surpassed that of July 2015 collection of N11bn came about through improvement in dispute resolution from regular tax audit reconciliation committee meetings with relevant stakeholders in the State.

He added that the agency embarked on massive regular tax education and enlightenment in the media to promote voluntary tax compliance among residents in the State.

The Chairman, however, highlighted low level of voluntary compliance by tax agents, non-renewal of vehicle license among others as some of the challenges confronting the agency.

In his response, Bankole commended the efforts of the agency for its numerous achievements despite the economic downturn being experienced in the nation, charging them to intensify efforts towards putting in place more machinery to improve on the State is revenue.