Ogun State Govt Announces ₦500 Billion Revenue Target for 2026 Budget

The Ogun State Government has set a target of generating ₦500 billion in Internally Generated Revenue (IGR) to fund its 2026 fiscal plan.

Governor Dapo Abiodun announced the target on Tuesday during the Treasury Board meeting on the 2026–2028 Medium-Term Expenditure Framework and the 2026 Budget at the Obas Complex, Oke-Mosan, Abeokuta.

Highlighting Ogun’s industrial status and strategic proximity to Lagos, the governor said the state would leverage its 16,000-square-kilometre landmass to achieve the revenue goal.

“This state has no business generating less than ₦500 billion a year, and that has to be our target,” Abiodun said. “By the time we leave in 2027, Ogun State’s revenue should rise to about ₦750 billion. That is what ambition looks and feels like.”

He directed the Ogun State Internal Revenue Service to raise at least ₦250 billion, while other revenue-generating agencies—including the Ogun State Property and Investment Corporation, Bureau of Lands, Ministry of Education, Science and Technology, and Ministry of Housing—were urged to intensify efforts.

Abiodun described every ministry and agency as “a jigsaw that must fit together to complete the bigger picture” and called for ambitious budgets that fully harness the state’s comparative advantage.

On urban renewal, the governor reaffirmed his commitment to redeveloping Kara near Isheri, promising that an inter-ministerial team drawn from relevant agencies would handle enumeration, compensation, and relocation for the project.

“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. There is no better time to act than now,” he said.