The Internally Generated Revenue (IGR) of the Ogun State Government has reportedly plunged deeper in 2020 according to figured obtained from the National Bureau of Statistics (NBS).
A report published in April by the NBS revealed that Ogun State generated a sum of N50,749,595,850.07 in the year 2020 as against the total IGR realized in 2019.
The State reportedly generated N70,922,590,495.89, meaning there was a reduction of N20,172,994,645.96 in what it generated in 2020 under the administration of Governor Dapo Abiodun.
The Gateway State, as of 2018, made the first three in ranking by the full-year IGR share total, with Lagos and Rivers States after it generated N84.5 billion.
But with the further decline in IGR, the state under the current adminstartion now comes sixth in ranking behind Lagos (N418,988,581,897.11); Rivers (N117,189,729,245.29); Federal Capital Territory (N92,059,700,897.42); Delta (59,732,882,882,662.97) and Kaduna (N50,768,523,407.34).
Ogun State, from the NBS report, generated N14,615,400,746.23 in the first quarter of 2020; N9,069,046,778.51 in the second quarter; N14,050,107,657.94 in the third quarter and a sum of N13,015,040,667.39 in the last quarter of the year.
Reports also pointed out that the COVID-19 lockdown, states like Kebbi, Ebonyi, Oyo, Borno, Katsina, Taraba, Gombe, Kaduna, Lagos, Kogi, Plateau, Zamfara, Nasarawa, Osun, Bauchi, Imo, Kogi, Ekiti and FCT recorded a growth in their internal revenues in 2020.
However, there was a reduction in the 2020 IGR of Ogun, Benue, Sokoto, Kwara, Jigawa, Cross River, Enugu, Kano, Ondo, Niger, Rivers, Adamawa, Bayelsa, Yobe, Edo, Delta, Akwa Ibom and Abia States.
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