Edo State Internal Revenue Service, EIRS has announced a total of fifty two point six billion naira of Internally Generated Revenue, IGR in the first half of 2025.
Executive Chairman of EIRS, Mr Oladele Bankole-Balogun, made this known during a news conference on EIRS half year review, held in Benin City.
According to the EIRS Chairman, the fifty point six billion naira is against the half-year budgeted figure of fifty eight point eight billion naira, representing an eighty nine percent point five performance year-to-date.
He added that on a year-on-year basis, the fifty two point six billion naira represents a forty six percent increase in revenue performance when compared to the thirty six point one billion naira recorded in the first half of 2024.
Mr Bankole-Balogun explained that the achievement was historic as it reflects the synergy between the staff, management, and most importantly, Governor of the state, Senator Monday Okpebholo and his Deputy, Mr Dennis Idahosa, for their vision and commitment.
He also appreciated taxpayers in the state including individuals, corporations, and government MDAs, whose level of compliance has been instrumental to the success of the EIRS.
Speaking on the four major tax reform bills signed into law by President Bola Tinubu, Mr Bankole-Balogun noted that the reforms have profound implications for individuals and businesses alike.
He observed that in line with the reforms, the EIRS will intensify its public enlightenment efforts to ensure taxpayers are fully aware of the changes and how they affect them.
The EIRS Chairman added that the Service was committed to delivering value-added services, improving transparency, and strengthening the tax system to build a sustainable Edo state, where tax revenue powers development, and development rewards taxpayers.
SOURCE: Austin Ineh, FRCN, Benin
