OKITIPUPA OIL PALM COMPANY TO INCREASE SHARE CAPITAL FROM N50M TO N1B

Okitipupa Oil Palm Plc,  is set to increase its share capital from N50m to N1b. The capital obtained would be injected into projects including the completion,  rehabilitation of existing 9000 hectares of brownfield; development of over 5,800 hectares of greenfield; developing refining capacities among others. Company Chairman,  Mobolaji Osomo, disclosed Continue Reading

ONDO FARMERS RECEIVE N60M DISBURSEMENT FROM THE FEDERAL GOVERNMENT INCUBATOR / INCUBATEE MODEL PROGRAMME

Food production received a boost in the state, as farmers received N60m from the Federal Government, under its incubator/incubatee model programme.  State IFAD/LIFE-ND Project Manager, Adewale Ademola, who made this public at the disbursement of the fund to young farmers in Akure, explained that the fund is aimed at assisting the Continue Reading

ONDO GOVERNMENT BOOSTS TOURISM WITH CONSTRUCTION OF YORU BAR KAMPALA AFRICA CENTRE ADJACENT GOVERNMENT HOUSE, AKURE

As part of its renewed effort to boost tourism development in the state, attract attention of investors and tourists, in addition to utilising the sector to boost the state’s rising internally generated revenue profile, the State Government has announced its intention to build a “Yoru’ bar kamp Africa Center”. It Continue Reading

INTERNALLY GENERATED REVENUE OF ONDO STATE RISES FROM N700M TO N2B IN FOUR YEARS

 Internally Generated Revenue (IGR) of the state has risen astronomically from N700m when the Akeredolu administration came in four years ago,  to N2b monthly at present. This represents in percentage terms, over 100 percent. The feat was achieved through the elimination of leakages, as well as training of staff of Continue Reading

ONDO, 17 STATES HAVE FULLY AUTOMATED INTERNALLY GENERATED REVENUE COLLECTION SYSTEM – OBOMEGHIE, SECRETARY, JOINT TAX BOARD

Only 17 states , including Ondo, out of the 36 states of the federation, have fully automated their Internally Generated Revenue collection systems. The remaining 19 states still operate manually or little form of automation. Secretary, Joint Tax Board in the National Steering Committee of the States’ Fiscal Transparency Accountability Continue Reading