WATCH THE VIDEO HERE The Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has disclosed that Oyo State’s Internally Generated Revenue (IGR) performance increased to N65.28 billion in 2024. Adedeji made this disclosure in a statement issued by the FIRS on Monday. He revealed the state’s IGR performance while addressing the opening ceremony of the 157th meeting of the Joint Tax Board, held in Ibadan, Oyo State. In his remarks, Adedeji commended the Oyo State government’s IGR drive, describing it as impressive. “Dr. Adedeji also acknowledged the state’s impressive achievements in revenue generation, noting a 145.5% growth in its revenue profile since 2019 and a 2024 Internally Generated Revenue (IGR) performance of N65.28 billion, placing Oyo among the top ten states in the country,” the statement partly reads. He acknowledged the administration’s efforts in leveraging the informal sector for economic growth. He concluded by encouraging the government and relevant stakeholders to continue their dedication to public welfare and socioeconomic development across the state. Naijaonpoint previously reported that Oyo was among the top 10 states with the highest Internally Generated Revenue in 2023. Meanwhile, the 36 states and the FCT collectively generated N2.43 trillion in Internally Generated Revenue (IGR) in 2023, reflecting a 26.03% increase from the N1.93 trillion recorded in 2022, according to the National Bureau of Statistics (NBS) IGR report for 2023. The report highlighted that Pay-As-You-Earn (PAYE) contributed the most to tax revenue, amounting to N1.24 trillion, or 63.83% of the total taxes collected.
Oyo State IGR performance hits N65.2 billion in 2024 – FIRS
