The Osun State chapter of the Allied Peoples Movement (APM) has voiced concern over the state’s poor Value Added Tax (VAT) performance, despite receiving increased monthly allocations from the Federal Government.
Speaking in an interview with the News Agency of Nigeria (NAN) on Monday in Osogbo, APM State Chairman, Mr. Adewale Adebayo, described the situation as troubling—especially in light of recent data released by Statisense for Q1 2025.
According to Adebayo, Osun recorded the lowest VAT performance in the South-West, even though it receives comparatively higher federal allocations than some of its regional counterparts.
“The gap between what Osun contributes to VAT and what it receives highlights a disturbing lack of productivity and innovation in the state’s economic management,” Adebayo said.
He criticized the state’s overdependence on federal funding and its minimal contribution to the national revenue pool, calling it a sign of weak internal economic performance.
Adebayo urged the state government to re-evaluate its economic strategies, emphasizing the need to boost local enterprise.
“Osun must prioritize the development of Small and Medium-sized Enterprises (SMEs) and improve the ease of doing business to drive productivity,” he stated.
He further recommended an internal audit of all state-managed revenue streams to identify and address areas of underperformance and leakage, stressing that such reforms are necessary for Osun to become a net contributor to national revenue.
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