Ekiti's Monthly Revenue Surges to N2.7 Billion Without New Taxes

Ekiti State has seen a significant rise in its monthly internally generated revenue (IGR), climbing from around N2.1 billion in January to over N2.7 billion in May and June of this year. This impressive growth has been achieved without the introduction of new taxes or an increase in existing tax rates. The Ekiti State Internal Revenue Service (EKIRS) announced that it has already met 51% of its 2026 annual revenue target within the first half of the current year.

EKIRS Executive Chairman Olaniran Olatona attributed this success to several factors. He highlighted improved voluntary tax compliance, the effective implementation of digital tax administration, public enlightenment campaigns, ongoing tax reforms, and an empowered workforce. Olatona also credited the enabling environment fostered by Governor Biodun Oyebanji's administration. He emphasized that the revenue increase was achieved through strategies like expanding the tax net and blocking revenue leakages, rather than through enforcement measures such as roadblocks or business closures.

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The increase was achieved without enforcement measures such as roadblocks or the closure of defaulting business premises.

Olatona commended the residents of Ekiti for their increasing willingness to fulfill their tax obligations. He noted that visible developmental projects undertaken by the state government have encouraged taxpayers, who now better understand the purpose of taxation and are convinced that their contributions are being used effectively for the state's development. EKIRS has intensified awareness campaigns and collaborated with various government offices to ensure civil servants and political appointees comply with tax filing requirements. The agency also warned residents to be wary of fraudsters involved in tax-related scams and assured that offenders would face prosecution. For those dissatisfied with tax assessments, Olatona clarified their legal right to file an objection within 30 days for review.

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Many taxpayers were encouraged to comply once they understood the purpose of taxation and were convinced that their contributions were being prudently utilised for the state’s development.