Ogun Assembly Tasks Housing Corporation, Others On Revenue Generation Drive - EDU-BIZNEWS


Tuesday, April 30, 2024

Ogun Assembly Tasks Housing Corporation, Others On Revenue Generation Drive

Ogun State House of Assembly has tasked the management team of the State Housing Corporation to take advantage of the existing comparative advantage it has in the real estate market to improve on its internally generated revenue into the coffers of the State Government. 

The Chairman of the Public Accounts and Anti- Corruption Committee, Hon. Damilare Bello, gave the charge, while examining the years 2021 and 2022 financial records of the Corporation at the Assembly Complex, Oke-Mosan, Abeokuta in continuation of the consideration of audit reports on Ministries, Departments and Agencies  of Government in the State.

Bello who decried the sharp decline in the revenue records of the Corporation, stressed the need for the Management of the Corporation, led by the General Manager, Mr. Akinwale Ojo, to be more strategic at improving the Corporation's revenue generation performance through optimum productivity.

Bello in company of other members of the Committee counseled the Corporation to set machineries in motion to attract more subscribers to its existing and prospective housing schemes across the State, thereby placing the it as a housing provider of choice in the State and beyond. 

The Committee also requested the Management of Corporation to submit some supporting documents in relation to some expenditure lines including lands and buildings as well as those under residential on or before 30th April, 2024. 

The Committee had earlier examined the audit reports of the State Ministry of Environment and that of the State Market Development Board, where it challenged the board to take advantage of the new development around the major markets in the State to earn more revenue into government coffers.

The lawmakers therefore requested the Management of the Board led by the Ag. General Manager, Mr. Samsideen Akinwunmi, to produce  the breakdown of all revenues from all the markets in the State, stressing the need to block all revenue leakages and ensure improved revenue.

The House Committee on Public Accounts and Anti-Corruption also examined the financial records of the State Public Works Agency, where the Committee demanded some relevant documents relating to expenses under roads and bridges.

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