The Ogun State Government has set an ambitious target of generating ₦500 billion in Internally Generated Revenue (IGR) to finance its 2026 fiscal year, as part of a broader strategy to accelerate economic growth and fiscal sustainability.
Governor Dapo Abiodun announced the target during the Treasury Board Meeting on the 2026–2028 Medium-Term Expenditure Framework (MTEF) and the 2026 Budget, held at the Obas Complex, Oke-Mosan, Abeokuta.
Describing Ogun as Nigeria’s industrial powerhouse, Abiodun said the state would leverage its strategic proximity to Lagos—the nation’s economic capital—and its expansive landmass of over 16,000 square kilometres to achieve the goal.
“This State has no business generating less than ₦500 billion a year, and that has to be our target,” the governor declared. “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 tasked the Ogun State Internal Revenue Service (OGIRS) with contributing ₦250 billion of the total target and directed other major revenue-generating agencies—including the Ogun State Property and Investment Corporation (OPIC), Bureau of Lands, Ministry of Education, Science and Technology, and Ministry of Housing—to significantly scale up their efforts.
Abiodun emphasized that all Ministries, Departments, and Agencies (MDAs) must work in synergy to achieve the target, describing them as “pieces of a jigsaw that must fit together to complete the bigger picture.”
“Our comparative advantage was not fully harnessed by previous administrations. Our strength lies in providing what Lagos cannot offer,” he said. “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.”
The governor urged agencies to embrace innovation and creativity in revenue generation, while commending those that have already shown significant improvement in their fiscal performance.
Addressing infrastructure and urban renewal, Abiodun reiterated his administration’s commitment to transforming Kara, near Isheri, which he described as an “eyesore” at the gateway to the state.
“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,” he said. “There is no better time to act than now—we can’t leave it as an albatross for the next administration.”
Governor Abiodun reaffirmed that the 2026 budget would prioritize economic expansion, infrastructure development, and improved public service delivery—anchored on transparency, accountability, and sustainable fiscal management.
