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Oyo IGR not stable yet, still work in progress—Revenue Service boss

The Chairman of Oyo State Board of Internal Revenue Service (OYSIRS), Prince John Adeleke, has clarified that the state’s Internally Generated Revenue (IGR) was not stable yet as according to him, the revenue base was still “work in progress.”
Prince Adeleke, who clarified the N2.7 billion collection attributed by the media to his Board in a report on Wednesday said that the state government was not ready to celebrate IGR figures yet since the revenue base was work in progress.
A statement made public on Wednesday by the OYSIRS boss indicated that the state government was not out to celebrate any figures, because the revenue base was still undergoing a series of reviews and reforms.
He said: “Nevertheless we are not out to celebrate any specific figure yet of the IGR attached to any month until we have achieved progressive and consistently satisfactory revenue over a sustained period.”
According to Prince Adeleke, the Governor of Oyo State, Engineer Seyi Makinde, had immediately after his appointment mandated his Board to ensure a huge turnaround of the state’s monthly revenue from an average of N1.7 billion to a minimum of N2 billion monthly, notwithstanding the vagaries and gyrations of revenue components.
He said: “We repeat that the N2 billion threshold, which is the immediate minimum IGR, which we hope for through the Oyo State Internal Revenue Service continued to be attainable. Every month, we will continue to work for increases beyond the threshold until the goal of doubling the IGR of the state to achieve a band of N4 billion is attained by December 2020.
“At this point, the OYSG will not indulge in any random celebration of any particular month’s IGR figure because our best is yet to come. Even when we cross the N4 billion mark in the months to come, this will immediately become another benchmark for higher and stronger IGR performance. We continue to draw appropriate lessons and inferences when our IGR is on the right trajectory in any month.
“On the other hand, we put in measures and constantly revise our strategies in months when we expect to do better.”
The statement further read: “Running along with our strategies of more effective and leak-proof collection, well-enhanced manpower, equipped with the right skills, determination to exploit the richness of our informal sector, embracement of the right IT solution for improvement of specific areas of collection, conscientious and results-driven leadership in the board and the Ministry of Finance, the good governance and visionary the leadership of our leader, Governor Seyi Makinde, Oyo State is poised to positively increased its IGR collection within the shortest possible time under this government. This is what we are working for. This is what we will achieve.”

Sunday Olatunji
Dele Fashomi, seasoned journalist and communication teacher, is a holder of Master of Arts degree in Communication and Language Arts from the University of Ibadan in 1992/93. Earlier, he had bagged a Bachelor degree from the same university in 1984, after which he proceeded to the Nigerian Institute of Journalism, Lagos, in 1990, for a postgraduate diploma in Journalism. He had done many courses in communication, including the EU-BBC Editing Course in 2002. Mr. Fashomi combines effectively the practice, research and teaching of communication. And to date, he has published two academic works in communication: Issues in Communication Technology and Policy (2010) and Economic and Social Issues in Advertising and PR (2013). He had his first break in the Nigerian media in Concord Newspapers in 1990 and today, he has over two and half decades experience earned in several newspapers. He has been part of many start-ups, such as The Republic (1987), The Comet (1999), The Anchor 2001 - 2002; Sun Newspapers (2003); Westerner newsmagazine (2005 - 2010) as Editor; National Life (2011) as Sunday Editor, and Newswatch Newspapers (2012- 2016) as Daily Editor. Dele Fashomi is now the Publisher/Editor-in-Chief of Newstide247.com newspaper online, which he started in July 2015. He is also into biography writing, with many books in his trail, some of which he wrote alone and one he co- authored with his mentor, Mr Dare Babarinsa, entitled:  Olabiyi Durojaiye - DARE TO BE DiFFERENT. He also guided and collaborated with Pa Olatunji Odusanya in writing his autobiography - AGAINST ALL ODDS. There are many other books in the works under his pen.
http://newstide247.com
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