The Ogun State Government has set a target of ₦500 billion in Internally Generated Revenue (IGR) to finance the 2026 fiscal year as part of efforts to build a stronger and more self-sustaining economy.

Governor Dapo Abiodun disclosed this during the Treasury Board meeting on the 2026–2028 Medium-Term Expenditure Framework (MTEF) and the 2026 Budget held in Abeokuta.

He explained that Ogun, being Nigeria’s industrial hub, must take advantage of its closeness to Lagos and its vast landmass of over 16,000 square kilometres to meet the target. The governor added that by the end of his administration’s tenure in 2027, the state aims to grow its annual IGR to ₦750 billion.

Abiodun said the Ogun State Internal Revenue Service (OGIRS) has been directed to contribute at least ₦250 billion, while other key agencies such as OPIC, the Bureau of Lands, the Ministry of Education, Science and Technology, and the Ministry of Housing are expected to step up their revenue-generation efforts.

He noted that all ministries, departments, and agencies (MDAs) play a vital role in achieving the state’s economic vision and must come up with creative and ambitious revenue plans.

“Our comparative advantage must be fully harnessed to provide what Lagos cannot offer. Innovation, efficiency, and accountability will guide us as we strengthen Ogun’s economic base,” he said.

The governor also spoke about the ongoing urban renewal of Kara, near Isheri, aimed at giving the area a new look befitting the Gateway State. He said an inter-ministerial team has been set up to handle enumeration, compensation, and relocation to ensure a smooth and humane regeneration process.

Abiodun restated his commitment to building a prosperous and modern Ogun State that reflects the ambition, discipline, and resilience of its people.