The Ogun State Government has said it is training accounting officers and heads of revenue generating agencies in ministries, departments, and agencies to boost economic development and revenue generation.
This was made known during a training session jointly organised by the Ministry of Finance and Budget and Planning on the preparation of the Medium-Term Revenue Strategy in Abeokuta.
The Special Adviser to the Governor on Budget and Planning, Mr Olaolu Olabimtan, highlighted the need for each MDAs to actively formulate policies and strategies for improving revenue-generating capacity.
According to him, the approach would ensure that revenue targets were met, budget performance improved, and sustainable development goals achieved.
“The agencies need to adopt a proactive approach and explore innovative solutions to increase revenue streams, emphasising the need for robust collaboration between the MDAs and relevant stakeholders, including the private sector, to identify untapped opportunities and develop effective revenue generation strategies,” he said.
Olabimtan noted that with the development of the Medium-Term Revenue Strategy and Medium-Term Expenditure Framework, Ogun State was prepared to strengthen its revenue generation capabilities and allocate resources efficiently.
He added that the government’s proactive approach and collaboration with the MDAs were expected to pave the way for a prosperous and sustainable future for the state and its residents.
In his welcome address, the Permanent Secretary, Ministry of Finance, Mr Adesina Towolawi, said the training session was premised on the need to equip the participating agencies with the skills and knowledge needed to prepare MTRS policy documents and develop strategies aligned with the state’s goals.
He urged them to look inwards in terms of administrative and institutional reforms, as well as support engagement that may be necessary to achieve the Medium-Term Expenditure Framework.
The Director of Planning in the Ministry of Budget and Planning, Mr Akinyemi Otunuga, stressed the relevance of devising strategies targeted at increasing revenue generation and setting realistic estimates.
He added that effective use of information technology, capacity development, and stakeholder engagement were panaceas for the development of policy documents.