Ekiti monthly revenue hits N2.75bn, eyes N3bn target

Ekiti State in Nigeria has seen a significant rise in its Internally Generated Revenue (IGR), reaching N2.75 billion in June 2026. This marks a 33.2% increase compared to the N2.06 billion generated in June 2025, demonstrating steady growth in the state's financial capacity.

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Collections have held a stable N2.74 billion plateau since April 2026.

The Chairman of the Ekiti State Internal Revenue Service (EKIRS), Mr. Olaniran Olatona, attributed this improvement to a sustainable tax administration system driven by voluntary compliance. He commended residents and taxpayers for fulfilling their obligations, noting that revenue has increased even without strict enforcement measures like roadblocks or sealing business premises since July 2025.

Olatona highlighted that the state's IGR has maintained a stable plateau of approximately N2.74 billion since April 2026. Key factors contributing to this performance include the automation and digitalization of tax collection processes, which have expanded payment channels and reduced revenue leakages. Improved compliance with Pay-As-You-Earn schemes and withholding taxes also played a crucial role.

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EKIRS remains committed to building a fair and sustainable revenue system that supports economic growth while ensuring every taxpayer contributes an equitable share to the development of Ekiti State.

EKIRS remains committed to a fair, transparent, and taxpayer-friendly system. "Our responsibility is not to punish taxpayers but to ensure fairness. We are more interested in helping businesses grow because thriving businesses ultimately translate into sustainable revenue for government," Olatona stated. The agency's objective is to widen the tax base by bringing more eligible taxpayers into the system, rather than imposing new taxes or increasing rates.

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Our responsibility is not to punish taxpayers but to ensure fairness. We are more interested in helping businesses grow because thriving businesses ultimately translate into sustainable revenue for government.

The state government is confident in surpassing its internal monthly revenue target of over N3 billion before the end of the year. This projection is based on enhanced compliance, increased taxpayer participation, and the continued deployment of technology and data intelligence to identify untaxed incomes, all while adhering to data protection regulations.

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EKIRS’ objective is to widen the tax base by bringing more eligible taxpayers into the system, rather than raising tax rates or introducing new taxes. The Service will continue deploying technology and data intelligence to identify previously untaxed incomes, while complying with relevant data protection regulations.