Ogun State Governor, Ibikunle Amosun, said his administration has set a target of N10 billion as its monthly Internally Generated Revenue (IGR), up from the current N6 billion.
Amosun spoke on Tuesday during a Town Hall Meeting on the 2015 budget held at Kuto, Abeokuta.
He explained that it was the only way the state government could survive the dwindling allocation from the Federation Account.
Amosun, while fielding questions from stakeholders at the event, said the new target would take effect from 2015 and would not in any way inconvenience the people.
He disclosed that funds from the Federation Account had been dwindling since 2011 and explained that it worsened to the extent that many states found it difficult to pay their workers.
The wage bill of the state, he added, including allowances, had risen to about N8 billion monthly adding that “only Ogun and Lagos states now generate revenue exceeding the allocation from the Federation Account”.
