The Special Adviser to the Osun Governor on Budget and Economic Planning, Mr Bade Adeshina, has urged state government-owned agencies to take appropriate measures to improve on their internally-generated revenue.
Adeshina made the call in Osogbo on Wednesday during an interview with the News Agency of Nigeria (NAN) on the just-concluded discourse on the 2015 Osun Budget Estimates.
“There is the need to improve on Internally Generated Revenue (IGR) so as to help the state to enhance its efforts to boost its socio-economic development.
“This has become imperative in view of the continuous dwindling in the revenue which accrues to the state from the Federation Account.
“The need to grow the IGR has become non-negotiable because the state can no longer rely on its earnings from the Federation Account.
“The Federation Account is currently unstable as a result of the volatility in the international oil market,” he added.