Ogun State Governor Dapo Abiodun has set a bold target of generating ₦500 billion in Internally Generated Revenue (IGR) to fund the 2026 fiscal year. The governor made this announcement 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.
Abiodun said Ogun State, known as Nigeria’s industrial hub, would take advantage of its closeness to Lagos State, the nation’s largest economy, as well as its expansive landmass of over 16,000 square kilometres to reach the revenue target. He stated, “This State has no business generating less than ₦500 billion a year, and that has to be our target.”
The governor added that by the end of his administration in 2027, Ogun State’s revenue should reach about ₦750 billion. “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,” he said.
He directed the Ogun State Internal Revenue Service (OGIRS) to generate ₦250 billion of the total ₦500 billion target, while other key agencies such as 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 also tasked to intensify their revenue efforts.
Abiodun described every Ministry, Department, and Agency (MDA) as “pieces of a jigsaw that must fit together to complete the bigger picture.” He stressed that the goal could only be achieved if all agencies contributed meaningfully and worked with a shared vision.
The governor said, “Our comparative advantage was not fully harnessed by previous administrations. 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 also encouraged government agencies to embrace innovation and creativity in revenue generation, commending those that had already achieved impressive results.
Addressing the condition of Kara near Isheri, Abiodun restated his government’s commitment to urban renewal, saying the area would soon be cleared and redeveloped. “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 stated.
An inter-ministerial team has been established, including officials from the Ministries of Environment, Physical Planning and Urban Development, the Bureau of Lands, and other relevant agencies, to oversee enumeration, compensation, and relocation processes for the planned redevelopment of the area.
