Edo Internal Revenue Service Targets Over N10bn Monthly Revenue

The Chairman of the Edo State Internal Revenue Service (EIRS), Hon. (Barr.) Oladele Bankole-Balogun, has expressed his determination to revolutionize revenue collection in Edo State, targeting a monthly revenue of over N10 billion in the short term.

Speaking about his plans, Bankole-Balogun revealed that records from the previous administration indicate an average monthly revenue of N6.4 billion, with a peak of N7.8 billion recorded in January 2024. However, he is confident that implementing new reforms will significantly enhance the state’s revenue generation.

To achieve this, the chairman said, “We are committed to cleaning up the system, blocking loopholes, and phasing out manual revenue collection. It’s time to modernise our processes,” he said, adding that the practice of using tax officers armed with canes to chase citizens for tax payments is outdated and will be abolished.

Bankole-Balogun disclosed that he has received the blessing of the governor, Senator Monday Okpebholo, to introduce cutting-edge technologies designed to streamline revenue collection, eliminate inefficiencies, and maximise the state’s income.

His words, “We aim to double what the state currently generates. There’s nothing stopping us from achieving N12 billion monthly in the long run, but my immediate target is N10 billion after implementing all the reforms we are about to introduce,” he stated confidently

He said, “Governor Monday Okpebholo has a bold vision for the state and that he is set to usher in a new era of efficient revenue collection, ensuring increased resources for Edo State’s development”.