CLAIMS:
Ondo state’s monthly Internally Generated Revenue (IGR) has increased to over N1.5 billion
Ondo state’s monthly IGR was previously N700 million before Akeredolu’s administration

CONCLUSION: For CLAIM 1, it is TRUE ; for CLAIM 2, it is PARTLY FALSE
EVIDENCE: Ondo state’s monthly IGR has increased to over N1.5 billion with an average monthly IGR of N2.07 billion in 2018, according to the National Bureau of Statistics (NBS).

However, NBS data also show that Ondo state’s average monthly IGR from 2012 to 2015 has been more than N700 million, except in 2016 when it fell by 14 percent to N723.7 million.

FULL TEXT:
Ondo State governor, Oluwarotimi Akeredolu , on Tuesday, May 8, while receiving members of the state chapter of the Association of Licensed Private Security Practitioners of Nigeria in his office in Akure said his administration has improved the monthly IGR of the state from N700 million to over N1.5 billion.

What this means is that the state under his administration has grown its IGR by more than double to over N1.5 billion monthly compared to N700 million which the state recorded previously as IGR.
No date was quoted or referenced in the report. But emphasis was made on his administration.
BusinessDay could not reach the governor to clarify the claim, but a statement issued by a press officer in the governor’s office, Bode Akinwumi, confirmed he made the statement.
According to the statement, Akeredolu said his “ administration has so far improved its (Ondo state) IGR from N700 million monthly to over N1.5 billion monthly.”

CONTEXT
Oluwarotimi Akeredolu, SAN, was sworn into office on February 24, 2017, in Akure, succeeding Olusegun Mimiko as Ondo State governor. Since no timeframe was mentioned in the first claim, Gov. Akeredolu may have also been implying that not only was the state’s monthly IGR as low as N700 million before his administration, but that he has also greatly increased the monthly IGR during this administration.
As such, we will consider the average monthly IGR from 2008 – 2018.

ONDO MONTHLY IGR MORE THAN N1.5 BILLION
According to IGR data at state level for the year 2018 obtained from the National Bureau of Statistics (NBS), Nigeria’s official repository of data, Ondo State generated N3.61 billion as IGR in the first three months of 2018. The amount rose to N5.81 billion in the second quarter of the year, spanning from April through June.

However, the revenue receipt of the state fell slightly to N5.04 billion in the third quarter compared to the previous quarter but rebounded in the last quarter of the year to N10.33 billion, bringing the total IGR of the state for the year to N24.79 billion. This represents a 126.8 percent increase when compared with N10.93 billion generated a year earlier.
With the sum of N24.79 billion generated internally by the state in 2018, we decided to divide the amount by 12, which indicates the number of months in a year, to obtain the state’s average monthly IGR. This results in N2.07 billion monthly IGR.

ONDO GENERATED MORE THAN N700 MILLION BEFORE AKEREDOLU’S ADMINISTRATION
BusinessDay gathered the state’s IGR statistics from 2008 to 2018 in order to properly evaluate the accuracy of the governor’s claim on improving the state revenue from N700 million monthly. We discovered that in 2008, the sum of N3.98 billion was generated, translating to N332 million average monthly IGR.

That amount shrank to N312.7 million in 2009 but grew to N540 million monthly in 2010. The growth in Ondo state’s average monthly IGR was continuously extended in 2011, 2012, 2013 and 2014 to N668 million, N846 million, N875 million, and N977 million, respectively.
In 2015, an average of N842 million was generated in Ondo state every month. It dropped to N724 million in 2016 and rose to N911 million in 2017, implying the state’s average monthly IGR has remained over N700 million since 2012.

CONCLUSION
Governor Akeredolu’s claim that Ondo state monthly IGR has increased to over N1.5 billion was TRUE as the state generated an average monthly IGR of N2.07 billion in 2018. However, his claim that his administration improved the state IGR from N700 million was PARTLY FALSE as the state average monthly IGR from 2012 to 2015 has been more than N700 million, except in 2016 when it fell by 14 percent to N723.7 million.

https://businessday.ng/business-economy/article/fact-check-how-accurate-is-akeredolus-claim-on-ondos-monthly-igr/

So what exactly is he spending all that IGR on?

dominique:
So what exactly is he spending all that IGR on?

On himself

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dominique:
So what exactly is he spending all that IGR on?

Ever seen Ondo cassava-ethano-starch plant? N1.5b is just $4m it means 12 months gives him $48m and after removal of wage bill, the remainder cant even buy a jet, so dont expect Ondo to compete with dubai, but be rest assured it works better than some kerosine sharing, statue building region

This Reporter was just Rigmaroling.

dominique:
So what exactly is he spending all that IGR on?

Just like the rest of Federal and state administrators " on an unproductive workforce"

That Akeredolu guy has to be replaced.

Na today
that is how Osun was making mouth before yawa gass

gideon1971:

Stop exposing your illiteracy

However, we all can agree that Akeredolu's administration has increased the state monthly IGR to not less than N1 billion monthly- a worthwhile achievement in my opinion.

Good job op

Facts can easily be distorted in a way to pull wool over people's eyes. Thank God for internet today we're just one click away from verifying claims

I think the dumbest lie a governor can tell to show that he is working is lying about the ramp up of state internally generated revenue.

Well, the reason is simply that the EFCC or any other antigraft agency can invite him, when he leaves office, to explain how he squandered the money that never existed in the first place.

So, it's more reasonable for a governor to reduce his state IGR so as to steal as much as he wants than to increase it.

iammo:


ever seen Ondo cassava-ethano-starch plant?

oga goan sit down, the other day I argued it u or someone brought casava rubbish and I questioned how it would me maintained when he left, oga akeredolu is nothing but a thief makes so much from the state and give the people peanuts that does not affect the day to day life on an ordinary citizen

Na scam.

King44:
oga goan sit down, the other day I argued it u or someone brought casava rubbish and I questioned how it would me maintained when he left, oga akeredolu is nothing but a thief makes so much from the state and give the people peanuts that does not affect the day to day life on an ordinary citizen

Lol, i laugh at your sheer ignorance, do you know how many industry in nigeria work with ethanol? a barrel of ethanol cost $291.48 twice the price of crude oil, yet we have cassava wasting away

He's spending it on treating his white beards, hosting kegites in government house, renewing his igbo wife's bride price. � clueless people

iammo:


Ever seen Ondo cassava-ethano-starch plant? N1.5b is just $4m it means 12 months gives him $48m and after removal of wage bill, the remainder cant even buy a jet, so dont expect Ondo to compete with dubai, but be rest assured it works better than some kerosine sharing, statue building region

Oga believe me, you don't have a life outside here. All your comments on Nairaland are telegraphed and very predictable. You can't be happy in real life with this much bile and pettiness. I spit on your crass purposelessness!

This is the more reason he failed. All we see is budget, tax but no PROJECT to show.

dvdwed:
This is the more reason he failed. All we see is budget, tax but no PROJECT to show.

That man de tax die, kilode?

The man wan introduce make every house de pay tax before but people no gree for am.

iammo:


Lol, i laugh at your sheer ignorance, do you know how many industry in nigeria work on ethanol?

ignorance my foot, stop claiming that everyone who sees things differently is ignorant oga, u might be right, but how does it affect the ordinary man on the street, how does it affect market women, how does it affect road users, how would it solve the problem of children dying during birth, how does it make facilities available to communities when needed, yes ethanol what ever would partially solve unemployment but how many out of the ever growing annual employment in the state, stop trying to deceive people n let it slide

Because of similar posts above, I got this comment deleted.

The koko be say the Igr grew to 1.5bn

Aketi wasn't the governor btw 2012-2015.

FemiMaduka:


Oga believe me, you don't have a life outside here. All your comments on Nairaland are telegraphed and very predictable. You can't be happy in real life with this much bile and pettiness. I spit on your lack of purposelessness!

And you, who made you a mouthpiece for Akeredolu's petty achievements in office? You must have benefited from the ethanol project or you wouldn't have been trumpeting this minor project from all the big revenue accruing to the state.

Continue.

I am urgently looking for a good self contain apartment somewhere.

Location: Mushin and environs (Isolo, Lawanson, Ilupeju, Oke Afa, etc)

Total budget: 200k

With this kind of monthly revenue. Ondo state should be bidding to acquire Anambra or Abia states in few months time.