The Osun State government has recorded 120 per cent increase in revenue from the forestry sub-sector, raking in N22million in March against the N10 million January intake.
The Chairman of the Committee on Forestry, Prof. Bayonle Olorede made this disclosure during the presentation of the panel’s report to Governor Adegboyega Oyetola in Osogbo, the state capital.
Olorede said the committee blocked some areas of leakage which led to the increased revenue for the government.
He said the committee came up with 17 recommendations which if implemented, would assist the state to actualize its set objectives in the forestry sub sector.
Part of the recommendations is the appointment of a forestry consultant who will be given a target to effect the needed change that will reposition the sector. It also listed the qualities that such a person should possess.
Describing forestry as a critical revenue generation sector, Prof Olorede, commended the Oyetola’s administration for working assiduously to improve the revenue base of the state.
He said: “We are happy to inform the governor that the state revenue on forestry had increased with over 100 per cent.
“The revenue rose from N10million to N22.5million between January 2019 and March 2019, showing a tremendous improvement in the revenue base of the state compare to what was recorded in 2018.
Oyetola, while receiving the report expressed delight with the outstanding performance of the committee, saying it was inaugurated to sanitise the sector; block leakages and promote efficiency and accountability.
Oyetola said his administration remained resolute to bring out the best in all sectors in order to drive up the revenue profile of the state
He said: “I must thank the committee for doing a very wonderful job at enhancing and expanding the revenue capacity of the state.
“The committee has done well by reposing confidence in us that forestry is another area where handsome revenue can be generated” Oyetola remarked.
Metro Plus7 hours ago
JUST IN: First Bank Regional Manager dies of COVID-19
News1 day ago
FG gives Update on Proposed “two weeks lockdown’ by governors
Education12 hours ago
FG grants Nigerian students free subscription to e-learning
News11 hours ago
COVID-19: Nigerian Govt gives update on relaxing lockdown
News9 hours ago
COVID-19: Governors give Buhari conditions for relaxing lockdown on Monday
News1 day ago
JUST IN: Tinubu Loses ‘Most Trusted’ Aide
Breaking News2 days ago
BREAKING: NCDC confirms 108 new cases of COVID-19, total now 981
Metro Plus1 day ago
400 Level FUNAAB student allegedly commits suicide over $20,000 debt