The Ogun State government has refuted the statistical agency, BudgIT Foundation’s widely publicised report on internally generated revenue across the 36 states of Nigeria titled “State of States, 2022 Edition,” with respect to the state’s financial health status.
In a letter by the state’s Commissioner for Finance, Dapo Okubadejo, to the foundation’s director, the state government described BudgIT Foundation’s ranking of Ogun State as having an IGR of N78.17 billion in 2021 as “inaccurate and misleading.”
The state government provided the state’s unaudited report from the Joint Tax Board and the state’s unaudited Financial Statement, which put the state’s IGR in 2021 at N100.9 billion.
It, therefore, demanded a retraction of the said publication, which it said had caused the Gateway State reputational damage, and a publication of the updated figures and the true ranking of the state on BudgIT Foundation’s website.
This is just as the Ogun State government’s position has indeed been corroborated by the National Bureau of Statistics, NBS, which, on Tuesday, released the correct IGR figures for Ogun State, confirming the efforts of the Dapo Abiodun-led administration to put the economy on a sound footing and make Ogun State Nigeria’s top investment destination.
The NBS, in its latest report, disclosed that the 36 states and the Federal Capital Territory, FCT, recorded IGR to the tune of N1.89 trillion in 2021 as against the 2020 figure of N1.56 trillion of IGR, a 22 per cent year-on-year positive growth.
According to the report, Ogun, which grew its IGR from N50.6 billion in 2020 to N100.7 billion in 2021, performed excellently on the IGR index, being only out-performed by Lagos State, Nigeria’s economic capital, which generated N753.3 billion; the Federal Capital Territory, FCT, N131.9 billion; and Rivers State, a top oil-producing state, N123.3 billion.
According to notable industrialists and investors, such as Tony Elumelu and Alhaji Aliko Dangote, Ogun State, Nigeria’s most industrialized state, has benefited massively from Governor Abiodun’s experience as a board room guru before his foray into politics and election, on May 29 2019, as the fifth democratically elected governor of the Gateway State.