Ekiti State has recorded ₦2.75 billion in monthly internally generated revenue (IGR), inching closer to its ₦3 billion monthly target. The milestone signals steady progress in the state's drive to strengthen its fiscal independence and scale back reliance on statutory allocations from the Federation Account.
The Chairman of the Ekiti State Internal Revenue Service (EKIRS), Olaniran Olatona, disclosed the figure while outlining the factors behind the revenue uptick. He pointed to improved tax compliance among individuals and businesses, the deployment of digital tools for tax administration, and deliberate efforts to expand the state's taxpayer base as key drivers of the growth.
Olatona explained that making tax payment processes simpler and more accessible for residents and business owners has encouraged greater voluntary compliance. The revenue service has also leveraged technology to streamline collections and uncover previously untapped revenue streams, contributing to the steady rise in IGR figures.
The sustained improvement in internally generated revenue reflects Ekiti's broader strategy to build a more self-reliant fiscal posture. A stronger IGR base provides the state government with additional resources to fund critical infrastructure, education, healthcare, and other developmental priorities without waiting on monthly federal disbursements.
As the state pushes towards the ₦3 billion monthly benchmark, the government has pledged to sustain investments in tax administration reforms and taxpayer engagement. Authorities say ongoing improvements in collection systems and compliance monitoring will be essential to maintaining the revenue momentum and supporting long-term economic development across the state.
