The Ogun State Ministry of Commerce and Industry has achieved over 61percent of its revenue target for the period of January and June, 2019.
The Permanent Secretary, Ministry of Commerce and Industry, Lydia Fajounbo made this known during the 2019 Budget Performance Appraisal by the House Committee on Commerce, Industry and Investment held in Abeokuta.
Fajounbo said the ministry had a target of N1billion within the first six months of year 2019 and generated the sum of N611, 140, 678, representing 61.11 percent of the target.
She stated that the agency was working on achieving its budgetary targets and solicited the support of the law makers in ensuring the targets were met to aid the Ministry in its work.
Fajounbo added that government was not relenting in its effort at assisting Micro, Small and Medium Scale Enterprises (MSMEs), as well as creating enabling environment for the industrial sector to blossom, saying the her agency was partnering other relevant organisations, such as the Bank of Industry (BOI), the Bank of Agriculture (BOA), the National Council on Export Promotion Council (NEPC), among others, to improve the sector.
The Chairman of the Committee, Kemi Oduwole, charged the Ministry to initiate more ingenuity to exceed the budgetary targets, noting that doing so, would enable the government have more funds to execute more infrastructural projects in the State.
Rasaq Ayinla
