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N52.6b Generated in Six Months


The Edo State Government on Thursday said it generated N52.6bn between January and June 2025 in Internally Generated Revenue.

The Executive Chairman of the Edo Internal Revenue Service, Oladele Bankole-Balogun, who stated this at a press briefing in Benin, said the earning is a 46 per cent increase in what was generated within the same period in 2024, in which it raked in N36.1bn.

Bankole-Balogun stated that the EIRS would continue to widen the tax net in the state, urging the people to pay taxes as a civic duty.

He said he focused on capacity enhancement of staff, regular stakeholder engagements, infrastructure upgrade, improved staff welfare, and strengthened compliance with tax laws since he assumed office in December last year.

The EIRS boss stated that the collaboration with the judiciary led to the recovery of tax liabilities owed to the state government. Bankole-Balogun assured that the EIRS would continue to widen the tax net even as he urged people to pay taxes as a civic duty.

Speaking on the Nigeria Tax Reform Law recently signed by President Bola Tinubu, Bankole-Balogun said the EIRS would intensify its public enlightenment efforts to ensure taxpayers were fully aware of the changes and how they affect them.

He said, “Seeing what the Governor is doing with the taxes, I am sure we will increase tax collection from the people. The EIRS generated N52.6bn between January and June 2025 in Internally Generated Revenue. The earning is a 46 per cent increase in what was generated within the same period in 2024 in which it raked in N36.1bn

“Our commitment is to build a sustainable Edo State. The road ahead may be tough. We invite all stakeholders to join us in building tax compliance and see taxation not as a burden but as a patriotic endeavour. Truly, a new Edo has risen under Okpebholo.

“We are committed to delivering value-added services, improving transparency, and strengthening the tax system to build a sustainable Edo State-one where tax revenue powers development, and development rewards taxpayers.

“Our job is dynamic. It is not possible to bring everybody within the tax net. It is a progressive thing. We pulled 1900 people into the tax net within the period. We are going to look to the organisation to give us information so that we can bring them in.

“We are hoping we will continue to improve our tax base. We believe we will be focusing more on the big income earners who will now contribute according to the new law, and not on the low-income earners. With a bit more creativity and technology, we will continue to improve our tax collection.”

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