The Ogun State Government has set a bold target of generating ₦500 billion in Internally Generated Revenue (IGR) to finance its 2026 fiscal year.
Governor Dapo Abiodun announced the target on Tuesday during the Treasury Board meeting on the 2026–2028 Medium-Term Expenditure Framework (MTEF) and the 2026 Budget session held at the Obas Complex, Oke-Mosan, Abeokuta.
The governor said Ogun, being Nigeria’s foremost industrial hub, would leverage its strategic proximity to Lagos State, the nation’s largest economy, and its vast landmass of over 16,000 square kilometres to realise the goal.
“This State has no business generating less than ₦500 billion a year, and that has to be our target,” Abiodun declared.
“By the time we are leaving in 2027, Ogun State’s revenue should rise to about ₦750 billion. That is what ambition looks and feels like.”
Abiodun specifically tasked the Ogun State Internal Revenue Service (OGIRS) to contribute ₦250 billion to the total, while other key revenue-generating agencies, including 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 intensify efforts.
Describing Ministries, Departments and Agencies (MDAs) as “pieces of a jigsaw that must fit together to complete the bigger picture,” the governor urged them to adopt innovation and creativity in their revenue generation strategies.
“Our comparative advantage has not been fully harnessed. Our strength lies in providing what Lagos cannot offer. I expect every MDA to prepare an ambitious budget, aim for the stars, and if we miss, we’ll at least land on the moon,” he said.
Abiodun also reaffirmed his administration’s commitment to urban renewal, particularly around Kara, near Isheri, describing its current state as unacceptable for a gateway into the state.
“The new Ogun State cannot allow that place to continue to wear that look. You cannot be entering the new Ogun State and what you see first is an eyesore. There is no better time to act than now, we can’t leave it as an albatross for the next administration,” he added.
The governor 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, has been constituted to handle enumeration, compensation, and relocation processes as part of the planned redevelopment of the Kara corridor.
