Dapo Okubadejo, Ogun State Commissioner for Finance, has clarified that the State made a total of N81.4 billion in the year 2019 as against N70.9 billion erroneously quoted by the Joint Tax Board (JTB) and National Bureau of Statistics (NBS) in the Internally Generated Revenue Records of the 36 States of the Federation.
Okubadejo said in an official statement signed and released on Friday in Abeokuta, Ogun state through the Ministry of Finance Information Officer, Segun Craig, that the mistake committed by Federal Government Agencies prompted the State Government to publish corrected version of the revenue generated by the State in 2019 in some national dailies, including BusinessDay.
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“The attention of the Hon. Commissioner of Finance, Ogun State has been drawn to recently circulated information in the media on the Internally Generated Revenues Records of the 36 States of the Federation.
“In the said Release, Ogun State was erroneously reported to generate the sum of #70,922,590,495.89 (Seventy billion, nine hundred and twenty-two million, five hundred and ninety thousand, four hundred and ninety-five naira, eighty nine kobo only) in the year 2019.
“However, from the Audited Account of the State for 2019, which was published in some national newspapers, the actual figure of Ogun State Internally Generated Revenue stands at #81,420,131,107.00 (Eighty one Billion, four hundred and twenty million, one hundred and thirty one thousand, one hundred and seven naira. Thirty kobo only).
“The State Government, through the Office of the Hon. Commissioner of Finance and Chief Economic Adviser to the Governor, hereby deems it highly expedient to advise all relevant stakeholders in the financial sector and beyond, and to also call on the reading public to be properly guided”, the Statement reads.
