• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Economy

Oyo State IGR performance hits N65.2 billion in 2024 – FIRS 

Nnaemeka Onyekachi by Nnaemeka Onyekachi
May 26, 2025
in Economy
Oyo State IGR performance hits N65.2 billion in 2024 – FIRS 
Share on FacebookShare on TwitterShare on Linkedin

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.

RelatedStories

FIRS begins renegotiation of double taxation treaty with Netherlands amid tax reforms 

FIRS begins renegotiation of double taxation treaty with Netherlands amid tax reforms 

July 7, 2025
Implementation of 4 new tax laws to start on January 1, 2026 – FIRS Chairman

Implementation of 4 new tax laws to start on January 1, 2026 – FIRS Chairman

June 26, 2025

Oyo IGR 

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 praised the Executive Governor of Oyo State, Engr. Seyi Makinde, for the state’s progressive strides in infrastructure and socioeconomic development.
  • Adedeji emphasized the significance of the Joint Tax Board, saying it serves as a unifying platform for tax administration in Nigeria.
  • He also highlighted the Joint Tax Board’s evolution into the Joint Revenue Board, pending legislative assent.

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.

What You Should Know 

Nairametrics previously reported that Oyo was among the top 10 states with the highest Internally Generated Revenue in 2023.

  • This Southwestern state generated N52.74 billion in IGR in 2023, comprising N40.52 billion in taxes and N12.12 billion in revenues from MDAs.
  • The state’s IGR in 2023 declined by almost N10 billion from N62.24 billion in 2022 to the current figure.
  • The state’s IGR in 2021 stood at N52.08 billion.

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.

  • Lagos, FCT, and Rivers led in IGR collection, generating N815.86 billion, N211.10 billion, and N195.41 billion, respectively, during the period.
  • In contrast, Taraba, Yobe, and Kebbi states reported the lowest revenues, with N10.87 billion, N11.19 billion, and N11.74 billion, respectively.

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.


Follow us for Breaking News and Market Intelligence.
Tags: Federal Inland Revenue ServiceOyo state Internally Generated Revenue 2024Seyi MakindeZacch Adedeji
Nnaemeka Onyekachi

Nnaemeka Onyekachi

My name is Nnaemeka Onyekachi, a writer, public speaker and an award winning journo with over 5,000 reports on a wide range of topics associated with the Nigerian society and the international community. Currently serving as a Senior Editorial Analyst at Nairametrics, my passion lies in delivering insightful financial,corporate, economic news and analysis on foreign relations, governance, judiciary and legislature.

Related Posts

FIRS begins renegotiation of double taxation treaty with Netherlands amid tax reforms 
Economy

FIRS begins renegotiation of double taxation treaty with Netherlands amid tax reforms 

July 7, 2025
Implementation of 4 new tax laws to start on January 1, 2026 – FIRS Chairman
Economy

Implementation of 4 new tax laws to start on January 1, 2026 – FIRS Chairman

June 26, 2025
Oyo State to upgrade primary health centers to 24 hours medical centers
Real Estate and Construction

Oyo Govt approves N63.4 billion to renovate Government House 

June 18, 2025
FIRS, Tax
Economy

FIRS extends tax office operations to weekends in June 2025 

June 17, 2025
FIRS, Tax
Legal & Regulations

FIRS seeks court’s dismissal of Binance’s application to vacate ex-parte order amid $79.5 billion tax lawsuit 

April 30, 2025
FIRS plans to increase tax revenue by 57% to N19.4 trillion in 2024 
Economy

FIRS directs banks to close unauthorised tax collection accounts 

April 29, 2025
Next Post
Ayra Starr becomes most streamed female artist in Nigeria, Ghana, and Kenya on Spotify

Ayra Starr breaks record as first Nigerian female artist to hit 1 billion views on YouTube 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • IGP sues Abu Arome, 3 Ghanaians over alleged forgery of company shares allocation document
  • Nigeria’s oil rig count rises to 46 in July 2025 – NUPRC
  • Oyo State approves N7.7 billion for two surveillance aircraft to combat insecurity 

Follow us on social media:

Recent News

IGP prosecutes Nigerian businessmen over alleged N13.5 billion forex fraud dispute  

IGP sues Abu Arome, 3 Ghanaians over alleged forgery of company shares allocation document

July 9, 2025
Nigeria’s gas flare commercialisation programme could unlock $2.5 billion investment – NUPRC 

Nigeria’s oil rig count rises to 46 in July 2025 – NUPRC

July 9, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics