The State of Osun under the focus minded leadership of Ogbeni Rauf Aregbesola has been making efforts to reduce the State’s over reliance on Federal allocation in sustaining the state needs by strategizing to boost Internally Generated Revenue.
The newly appointed acting Chairman, Internal Revenue Service, Mr. Dayo Oyebanji, dropped this hint during a familiarization meeting with the association of Tax Audit Monitoring Agency. The Acting Chairman said that, of all the available means of generating revenue for the state, the one generated internally through the Internal Revenue Service stands out as the only stable means. He further described taxation as an ingredient of development in different parts of the world. Hence the revenue generated from tax is the one used to provide for the needs of the citizenry.
He however, promised to liberate the State of Osun from the bondage of over reliance on Federal allocation by using his vast experience in boosting the Internally Generated Revenue to a satisfactory level. He also appreciated the high turnout of the Tax Audit Monitoring Agency Members to the meeting and urged them to be up and doing in their professional dealings especially in blocking all leakages in the tax system.
Responding, Pastor Olumide Bolorunduro, one of the members of the Tax Audit Monitoring Agency (TAMA) welcomed the Acting Chairman to his new assignment and assured him of their support in achieving the set target goals.