Business

Ogun’s monthly IGR hits N4bn, from N730m in 2011

Ogun’s monthly IGR hits N4bn, from N730m in 2011

Gov Ibikunle Amosun

By YINKA KOLAWOLE

Ogun State’s monthly internally generated revenue has risen to N4 billion, up from N730 million in 2011.

Governor Ibikunle Amosun disclosed this recently in Abeokuta at a media briefing to herald the second edition of the state’s Investors’ Forum slated for May 21 and 22, 2014 at the state capital.

He said the investment drive of the state government under his watch has started to reap dividends as 45 companies with over $100 million worth of investments each  have established industries in different industrial estates in the state within the last two years, amounting to  about $4.3 billion in total. “”Ogun is the largest industrial base  in the country. No state has the size and number of industries that we have,” he added.

Speaking on the forthcoming Investors’ Forum, he said the focus will be on agriculture and urban development in a new bid to attract investors into the state. According to him, the two sectors were chosen as the focus of the forum because, apart from the fact that they are interwoven,  they serve as agents of change.

He noted that agriculture, in particular,  gives the state edge over other states of the federation in terms of potentials and the gateway position of the state. The governor explained that the proximity of the state to Lagos and being entry/exit point to other countries of the West African region make it stands tall above others as far as commercial agriculture is concerned.