In 2 years, We increased Oyo’s IGR by N15b – Makinde

Oyo State Governor Seyi Makinde has said his administration within two years boosted the state’s Internally Generated Revenue (IGR) by close to N15 billion without increasing taxes.

The governor, who spoke on Saturday evening at the 41st Omo Aj’orosun Day Celebration in Ibadan, also took time out to educate his main challenger in the 2019 election, Mr. Bayo Adelabu, and opposition elements on the essence of the Alternative Project Funding Approach (APFA) of his administration.

He stated that the approach has helped the state in bridging its infrastructure deficit as well as helped to expand the economy and increase the state’s IGR.

A statement by the Makinde’s Chief Press Secretary, Mr. Taiwo Adisa, indicated that the governor’s words came few hours after Adelabu, the governorship candidate of the All Progressives Congress (APC) in the 2019 election, alleged that the state only increased its IGR by N300 million monthly since Makinde assumed office.

The governor said: “Within the first two years, we increased the IGR by close to N15 billion. We did it without raising taxes. We did it just by appealing and bringing more people into the tax net.

“The motorcycle operators were paying N200 before we got into government and we reduced it to N100.”

The statement noted that the National Bureau of Statistics (NBS) had in its 2020 report indicated that the state’s IGR witnessed a 42 per cent growth – a growth which the governor explained was achieved by bringing in more people into the tax net rather than raising taxes.

The governor also warned against politicising the state’s security challenges, stating that instead of criticising without suggesting solutions as some are doing, residents must contribute to make the state safer.

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