
๐๐ผ๐ ๐ช๐ฒ ๐๐ฎ๐๐ฒ ๐๐ป๐๐๐ฟ๐ฒ๐ฑ ๐๐ถ๐๐ฐ๐ฎ๐น ๐ฅ๐ฒ๐๐ฝ๐ผ๐ป๐๐ถ๐ฏ๐ถ๐น๐ถ๐๐ ๐ฎ๐ป๐ฑ ๐ง๐ฟ๐ฎ๐ป๐๐ฝ๐ฎ๐ฟ๐ฒ๐ป๐ฐ๐ ๐ข๐๐ฒ๐ฟ ๐ง๐ต๐ฟ๐ฒ๐ฒ ๐ฌ๐ฒ๐ฎ๐ฟ๐.
Our administration operates a disciplined, transparent, innovative and forward-looking public finance agenda. The goal includes blocking leakages, expanding revenue inflows, efficient management of state debt, harnessing of revenue opportunities and complying with best practices in public finance management.
We have recorded substantial achievements in this sector. We restored fiscal stability, strengthened revenue performance, and renewed public confidence that government can be both accountable and visionary.
One of the most standout achievements is the almost 94 percent growth in Internally Generated Revenue (IGR) within a year. This means a growth from Twenty-Seven Million plus (N27.72bn) in 2023 to Fifty-Four Billion plus (N54.7bn) in 2024. This was a product of carefully designed reforms that reshaped the way Osun manages its finances.
The reforms we introduced include Tax Harmonization which streamline the tax structure and eliminate duplication. Others include Digitization of Revenue Collection; and Enforcement and Compliance. Our administration also ensures substantial reduction of the stateโs debt profile,
Osun Domestic Debt was reduced from One Hundred and Forty Eight Billion plus (โฆ148.37 billion) in December 2022 to Eighty Three Billion plus (โฆ83.32 billion ) by early 2025, a staggering โฆ65 billion drop of 43.84%.
Osun External Debt was lowered from Ninety One million plus dollars ($91.78 million) to Seventy Five million dollar plus ($75.14 million), a $16 million plus reduction of 18.13%.
Under my watch, fiscal discipline is a promise kept.
- ๐๐ผ๐๐ฒ๐ฟ๐ป๐ผ๐ฟ ๐๐ฑ๐ฒ๐บ๐ผ๐น๐ฎ ๐๐ฑ๐ฒ๐น๐ฒ๐ธ๐ฒ
