Osun Seeks IGR Growth With Registration Of Business Premises

Rauf Aregbesola

The Osun State government has initiated a campaign urging residents to register their business, in its efforts to boost internally generated revenue (IGR) to cushion the effects of dwindling allocations from the federation account to states.

According to Mr. Dayo Oyebanji, acting chairman and chief executive officer of Osun Internal Revenue Service, the state government was working towards improving the level of voluntary compliance in the payment of taxes for the growth of the revenue base of the state.

He maintained that those who evade taxes would be made to face the full weight of the law, even as he disclosed that the agency has been receiving positive feedback especially from the informal sector.

“The reason for the aggressive campaign on the payment of taxes and other levies was due to paucity of funds occasioned by the drop in the federal allocation to the state,” Oyebanji said.