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Published On: Wed, Nov 12th, 2014

Be strategic in boosting IGR, Amosun charges MDAs

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From James Ogunnaike, Abeokuta

Ministries, Departments and Agencies (MDAs) of government in Ogun State need to strive harder towards achieving a reasonable push in their Internally Generated Revenue Strategies for sustainability of various programmes and projects in the next fiscal year.

The State Governor, Senator Ibikunle Amosun who gave the charge at the Meeting on 2015 Budget noted that there was need for the MDAs to draw up a strategic plan on how to achieve greatness in this area.

According to him, the massive infrastructural development going on across the state were aimed at creating enabling environment for investment to thrive, stressing that no meaningful progress could be made without these infrastructure.

Amosun who agreed that for obvious reasons the budget size could be reduced, encouraged MDAs to increase revenue generation drive, “it is when we have the resources needed that we can develop our schools and build roads; the only way we could make head way is to be self-sustaining”. He said.

While acknowledging stakeholders in the Mission to Rebuild the State, Amosun advised agencies that were service oriented and higher institutions of learning to diversify into researches and consultancy services to accomplish more progress.

The governor assured that the present administration would not relent in its efforts in meeting up with its statutory obligations, insisting that the state’s internally generated revenue must not drop.

‘’When we sit to plan and think out-of-the-box, nothing will stop us from reaching our desired goal. It is when we develop ourselves and have the much needed resources that we can go beyond all forms of limitations,’’ Amosun said.

Earlier in her welcome address, the State Commissioner for Budget and Planning, Oluwande Muoyo, said the proposed 2015 Budget of N190b ‘takes its cue from the 5 cardinal programmes of the present administration and slightly lower than last year’s N210.86b, owing to the continued drop in federal allocation’.

She said that the proposed budget which was still subject to approval by Treasury Board, the Executive Council and House of Assembly, hope to derive its funding from Internally Generated Revenue, Federation Account Allocation and capital receipt.

Muoyo said the proposed Budget was a proactive strategy designed to handle what they perceived would happen in 2015, advising agencies not to implement budget outside the medium term sector strategies.

Giving a breakdown of the budget, the Commissioner said 64% of it would go to the 5 cardinal programmes, with education taking 22%, rural/ infrastructure takes 15% of the 64%, while the balance of 26% would go to other sectors.

 

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