Ondo generates N30.8bn in 2021- Tolu Adegbie


The chairman said that N200 million was generated from people staying in the government forest reserve
ByAgency Report February 17, 2022 2 min read

The Ondo State Internal Revenue Service (ODIRS) on Thursday said it generated N30.8 billion in the year 2021.
The Executive Chairman of the Service, Tolu Adegbie, stated this in Akure on Thursday when students of Tax Club under Private and Property Law Department of Elizade University, Ilara-Mokin, Ondo, paid him a visit on excursion.

According to Mr Tolu Adegbie, the service generated N10.9 billion in 2017, while it generated N24.7 billion in 2018.

The chairman said that in 2019, the agency generated N30.1 billion and only had a reduction in 2020 due to global COVID-19 pandemic but still garnered N24.8 billion.

Mr Adegbie said the revenue service had over the years improved on the old ways of revenue generation to digital way with more efficiency and ease.

The chairman said N200 million was generated from people staying in the government forest reserve in the year 2021.

He noted that when the Revenue House was to be built, the agency generated N6 billion outside the normal revenue to build a standard Revenue House.

Mr Adegbie noted that an area that had not been tapped properly was the area of revenue law where the future of revenue generation lied.

He said the service had efficient system with a developed Information Communication Technology (ICT) capacity, functional legal department and youthful staff to drive the dream of the service.

“Two weeks ago, we locked up three hotels and two event centres for not paying consumption tax. Everyone was calling up and down and I said No.

“We got court orders and they were locked up by the court bailiff.

“So what you are doing is very important when it comes to taxation. It is the basis of what we do here,” he said.

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