By Jimmy Fatunbi
The Executive Chairman of Onigbongbo LCDA, Hon. Moyosore Adebanjo, has inaugurated the Tax Reform Committee to enhance the financial efficiency and revenue base of the council.
The representative of the committee described the inauguration: “another milestone in our collective effort to strengthen the financial foundation of our council.”
The committee’s work, which will promote efficiency, transparency, and accountability in revenue generation and management, will align with the administration’s vision to boost Internally Generated Revenue (IGR).
A representative from the Human Resources Department also commended the establishment of the committee and described it as “a reflection of our firm commitment to accountability, sustainability and institutional growth.” The representative also charged members to approach their task with dedication as their findings and recommendations will serve as a blueprint for the council’s financial improvement.
Hon. Moyosore Adebanjo welcomed all committee members to the inauguration ceremony and reiterated that the creation of the Tax Reform Committee is a bold and necessary step in repositioning the council’s revenue system.
He noted that while efforts have been made in the past, but critical areas such as bylaws and enforcement processes were not adequately harmonized.
“Onigbongbo LCDA is a core urban area, and our financial framework must reflect that reality. This committee has been set up to jack up our revenue strength, ensure the right laws back our processes, and improve fiscal sustainability,” he revealed
The committee comprises professionals, indigenous residents, and stakeholders across relevant sectors. And it has been headed by Mr. Dapo Olumide.
The committee has been given a seven-working-day mandate to assess the current revenue system, identify loopholes, and recommend actionable reforms that will enhance IGR and overall financial management in the council.
Hon. Moyosore expressed confidence in the committee’s capacity to deliver on its mandate and reaffirmed his administration’s unwavering dedication to strengthening governance and promoting development through sound financial reforms.
