Ogun Revenue Agency Records Sharp Drop In 2019 Target

Ogun State Internal Revenue Service (OGIRS) has recorded a sharp drop in its projected revenue for the 2019 fiscal year.

The agency had projected n95 billion revenue for a whole year in the 2019 budget.

But it had generated only n15 billion in six months between January and June this year.

The figure is far below n45billion recorded during the corresponding six months period in 2018.

Chairman of the agency, Adekunle Adeosun, rolled out the figure, while receiving members of the finance and appropriation committee of the State House of Assembly who are monitoring the performance of the state’s 2019 budget.

He told the lawmakers that the n15 billion revenue was realized from collection of taxes and issuance of licences, blaming the low revenue collection on the 2019 polls which affected the tax drive.

Adeosun, however, says the agency is working on appropriate technology to improve revenue drive and reduce leakages in pool betting, consumption tax and tax audit.

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