Edo IGR to hit N85bn by Dec. – Taskforce

The Chairman of the Edo State Taskforce on IGR,  John Osagie Inegbedion, has disclosed that the state  Internally Generated Revenue (IGR) will close at N85 billion by the end of 2024.

He disclosed this in Benin during the Q3 2024 EIRS Quarterly Performance Review (QPR) Meeting held at the Sunny Okundia Training School, in Benin City, the Edo State capital.

He said the revenue growth is on the back of the reforms in revenue administration by the Governor Godwin Obaseki-led administration which have revolutionized the State’s revenue collection process since the governor assumed office in 2016.

He stated in 2016 when Obaseki took office, IGR collection stood at N23.64bn and with the government’s reforms in revenue administration, the State continued to witness consistent growth in its revenue, surpassing the year-to-date budgeted IGR of N55.64 billion to hit N67.29 billion in the third quarter of 2024.

According to him, with a monthly average of N7 billion, the State is projected to close the 2024 IGR collection year with N85bn and is expected to hit N120bn in 2025.

He said, “For emphasis, the QPR meeting is the period to review how we fared in the business of revenue administration in the third quarter, to review our activities as well as re-strategize for the last quarter as far as IGR is concerned.

“Today’s QPR is to x-ray the performance of the current dministration ably led by Governor Godwin Obaseki through the EIRS in terms of the internally generated revenue collection in the last seven years plus.”