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The Edo State Internal Revenue Service, EIRS, on Thursday said it generated a total of N52.6 billion to the coffers of the state government between January and June 2025.
DAILY POST reports that the Executive Chairman of the tax agency, Oladele Bankole-Balogun disclosed this at a press briefing in Benin City.
Balogun said the briefing is geared towards providing a detailed review of the service’s performance for the first and second quarters of 2025 fiscal year.
He said the N52.6 billion generated within the period of six months was 46 percent higher than the N36.1 billion generated in 2024.
While adding that the generation was a half-year target of N58.8 billion, he noted that it represented 89.5 percent performance.
According to him, in January, the service generated N10.4 billion, in February N9.6 billion, in March also N6.9 billion.
“In April it was N6.9billion, in May N7.8billion while in the month of June we generated N11.05 billion”, he said.
He, however, appreciated taxpayers in the state, individuals, corporations, and government, MDAs whose level of compliance is instrumental to the success of the revenue generation agency.
“Your taxes are the lifeblood of the massive infrastructural and developmental projects currently being executed across our dear state.
“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 developmental rewards taxpayers.
“The road ahead may be tough, but the destination is clear. We invite every stakeholder to join us in building a tax-compliant Edo, and to support the transformation of our state not as a burden, but as a patriotic duty to future generations”, he added.
Balogun also disclosed that the agency is working with Verxide in line with the State Governor, Monday Okpebholo’s approval to establish the one-stop-shop driver’s license and vehicle administration centres in six strategic locations across the state.
He listed the names of the locations to include QQ Forestry road, Benin City, Ekpoma, Auchi, Uromi, Igarra and Ikpoba Okha local government area secretariat respectively.
He stated that the centres would leverage technology to streamline licensing and registration, cut down wait times and enhance revenue generation.
The EIRS boss stated that in line with the President Bola Tinubu tax reforms, the agency would intensify its public enlightenment efforts to ensure taxpayers are fully aware of the new tax law and how it affects residents.
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