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The Kogi State Government has announced a bold plan to generate over N1 billion in revenue from signage and advertising by 2026, marking a strategic move to strengthen the state’s Internally Generated Revenue (IGR) and reduce reliance on federal allocations.
The disclosure was contained in a statement signed by the Information Officer, Ministry of Information and Communications, Adegboyega Segun, following a management meeting held in Lokoja with heads of agencies under the ministry.
During the meeting, the State Commissioner for Information and Communications, Hon. Kingsley Femi Fanwo, described the appointment of Mr. Richard Osaseyi as the General Manager of the Kogi State Signage and Advertising Agency as “a masterstroke,” aimed at revitalising the agency’s operations for greater efficiency.
“Kogi has no business depending solely on federal allocations if we are able to harness internal revenue opportunities effectively. Signage and advertisement can generate over a billion naira for the state by 2026,” Fanwo stated.
He emphasised that boosting revenue remains a top priority under the administration of Governor Usman Ododo, who he said has successfully “separated revenue from politics,” allowing professionals to lead the state’s economic initiatives without interference.
In his remarks, Osaseyi outlined strategic reforms underway at the signage agency, highlighting efforts to address underpayments by major advertisers operating within the state.
“With our new approach, we’re already seeing positive responses,” he said. “The agency is poised to become a major contributor to the state’s IGR, and we will intensify public sensitization to build trust and cooperation.”
Mr. Ebenezer Adurodija, the Permanent Secretary of the Ministry, praised the agency’s renewed commitment and reaffirmed the ministry’s support for the revenue initiative.
Meanwhile, in a related development, Commissioner Fanwo also inaugurated a Ministerial Committee to drive the launch of Project Confluence of Opportunities, a flagship initiative aimed at showcasing Kogi’s economic and tourism potential to local and international investors.
“Kogi is one of the most richly endowed states in Nigeria — geographically, historically, and naturally,” Fanwo noted. “From the Confluence of Rivers Niger and Benue to Mount Patti and our rich mineral resources, Kogi has everything to become a top investment and tourism destination.
“Project Confluence of Opportunities is our bold step to tell the world that Kogi is open for business. Our mandate goes beyond informing our people — we are also here to tell our story to the world in a way that attracts value.”
These efforts, according to Fanwo, are part of a larger blueprint under the Ododo Administration to reposition Kogi as a self-sustaining, investor-friendly state and a shining example of effective governance in Nigeria.
Chioma Kalu
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