….Figure Vindicates Oyebanji’s Fiscal Reforms, Growing Economic Confidence — Information Commissioner
…..EKIRS Chairman Thanks Governor, Commends Management and Staff
The Internally Generated Revenue (IGR) of Ekiti State rose by 62.13 per cent, from ₦35.21 billion in 2024 to ₦57.09 billion in 2025, according to the Joint Revenue Board’s (JRB) 2025 Full-Year Sub-National IGR Dataset, placing the State 19th among the 36 states and the Federal Capital Territory (FCT) in IGR collection for the year.
The report showed that total IGR generated by the 36 states and the FCT increased by 40.90 per cent, from ₦3.65 trillion in 2024 to ₦5.15 trillion in 2025, meaning that Ekiti’s growth significantly outpaced the national sub-national average.
Reacting to the report, the State Commissioner for Information, Rt. Hon. Taiwo Olatunbosun, said the increase of almost ₦22 billion in one year reflected the growing strength of the State’s revenue administration and the impact of the fiscal and institutional reforms being implemented by Governor Biodun Abayomi Oyebanji’s administration.
Olatunbosun said the reforms were aimed at strengthening the State’s financial capacity, improving accountability and reducing overdependence on statutory allocations.
He said: “This is not just a revenue figure; it is a reflection of a changing economic and administrative environment in Ekiti State. A 62.13 per cent increase in internally generated revenue within one year is a significant development and a clear indication that the State’s revenue administration is becoming more effective, structured and responsive.”
The Commissioner said the result was consistent with the administration’s commitment to building a sustainable fiscal foundation through improved revenue administration, voluntary compliance, accountability and more efficient systems.
He noted that the figures also demonstrated that efforts to broaden the revenue base, strengthen collection mechanisms and improve compliance were yielding measurable results.
“Governor Oyebanji has consistently emphasised that the State must strengthen its internally generated revenue capacity while ensuring that the process remains fair, transparent and supportive of economic activity. The latest JRB figures show that this approach is producing results,” he said.
Olatunbosun stressed that the revenue figures should not be viewed as an end in themselves but as a stronger fiscal foundation for funding infrastructure, social services and other development priorities without imposing unnecessary burdens on residents, businesses and investors.
He commended taxpayers, businesses, revenue-generating agencies and residents for their cooperation, saying the achievement should further strengthen public confidence in the government’s commitment to responsible fiscal management.
The Executive Chairman of the Ekiti State Internal Revenue Service (EKIRS), Mr. Olaniran Olatona, said the agency would continue to promote voluntary compliance, block revenue leakages and deploy technology and institutional reforms to sustain the positive trajectory.
“The message from these figures is clear: Ekiti is steadily strengthening its capacity to generate more resources internally. The responsibility before us now is to consolidate these gains and translate increased revenue into greater development and improved value for the people,” he said.
Olatona noted that Ekiti recorded the highest IGR growth in the South-West, well above the zonal average of 38.46 per cent. He added that the State’s share of total national IGR increased from 0.96 per cent to 1.11 per cent.
According to him, IGR now accounts for 33.18 per cent of Ekiti’s total revenue, placing the State 8th among the 37 sub-national jurisdictions in fiscal self-reliance and above the national median of 23.75 per cent.
He further stated that, at ₦14,780 per resident, Ekiti ranked 12th nationally in IGR per resident, about 60 per cent above the national median, while its Ministries, Departments and Agencies (MDAs) generated ₦29.30 billion in non-tax revenue, ranking 11th nationally.
“These figures show that Ekiti is performing well above its size. We are not the largest economy in the country, yet we are making an impact not just at the zonal level but nationally,” he said.
The EKIRS Chairman added that the Service would build on the gains by deepening Pay-As-You-Earn (PAYE) compliance, digitising vehicle licensing and road tax administration, and improving the capture of stamp duties and capital gains tax on property transactions through data-sharing with relevant agencies.
He said the Service would also intensify taxpayer education and expand e-filing, stressing that the focus would remain on closing compliance gaps and blocking leakages rather than introducing new burdens.
On behalf of the management and staff of EKIRS, Olatona expressed appreciation to Governor Oyebanji for his support, political will and the enabling environment provided for the Service’s reforms.
He said the achievement would not have been possible without the Governor’s commitment to a modern, transparent and accountable revenue administration.
Olatona also commended the management and staff of EKIRS for their dedication and professionalism, describing the revenue growth as a product of collective effort.
He urged the staff to sustain the momentum by maintaining courteous, transparent and efficient service delivery as the State consolidates the gains recorded in 2026.
Signed:
Rt. Hon. Taiwo Olatunbosun
Commissioner for Information
Ekiti State