Adekunle Adeosun, Chairman, Ogun State Internal Revenue Service (OGIRS) has tasked both local and foreign investors operating in the state on prompt and regular remittances of taxes to the state’s coffers, saying regular remittances of taxes and strict updates of workforce tax records would positively increase government’s internally-generated revenue.
The chairman of Ogun State Internal Revenue Service (OGIRS), a government’s agency that generates 70% of the total internally-generated revenue meant for state’s coffers, said at the inaugural meeting of agencies in charge of external businesses in the state held in Abeokuta on Friday, that state relies on taxes to improve on the existing and proposed infrastructure and create enabling environment for businesses to thrive.
Also speaking, Bimbo Ashiru, Commissioner for Commerce and Industry, revealed that Ogun state government in collaboration with Bank of Industry (BOI), had invested and disbursed N600 million out of N1 billion counterpart fund set aside for the growth of Micro, Small and Medium-scale Enterprises, to encourage and boost MSMEs across the state in form of credit facilities.
He said that about 109 co-operative societies and seven MSMEs had benefited from the loan scheme where thousands of direct and indirect employments had also been created, adding that project was undertaken by Ibikunle Amosun-led government to drive MSMEs through partnership with organisations to further enhance the growth of entrepreneurs in the state.
Ashiru however, declared that the state would also focus on capacity building programme for MSMEs operators and entrepreneurs in order to create more businesses and employments, adding that the State government would also welcome business-oriented initiatives to boost and improve manufacturing activities and commerce in the state.
‘’As you can see the State government has put in place infrastructural development, good road networks and effective security to encourage MSMEs and even operators in the real sector – manufacturing and service industries to do business in the state and we are ready to do more’’, the Commissioner concluded.
RAZAQ AYINLA
