Plateau Revenue Service Records N31.14bn IGR In 2024

Chairman of Plateau State Internal Revenue Service (PSIRS) Wayas Jim Pam has said the state has  recorded impresive  growth in revenue generation, surpassing the N30 billion target for the first time in history.

Jim  made this known  while  addressing newsmen in Jos at the weekend .

In his words “ When this administration started in 2023, I joined halfway, and a lot has happened since then. In 2022, the total revenue generated was N15.9 billion. By the end of 2023, we were able to increase it to N25.8 billion. However, as of the close of business last year, we recorded N31.14 billion in revenue.

“This is  the first time Plateau State is exceeding the N30 billion benchmark in revenue generation,”he added.

He also added that looking ahead,  the state government has set a total revenue target of N52 billion for 2025.

“We began 2025 on solid footing and in  January, we collected about N3.3 billion, one of the highest amounts ever collected in a single month compared to last year, when we generated about N1.6 billion in January, this represents a significant improvement in revenue generation.”*

He noted that federal allocations to the state have declined due to debts incurred in previous years, many of which were taken when the exchange rate was much lower.

“Many people are asking about the revenue being generated internally and questioning what is coming from the federal allocation. The truth is that federal allocation to the state has been declining, mainly due to debts incurred in previous years.”

“We are now exploring our Internally Generated Revenue (IGR) potential, and I must commend Governor Caleb Mutfwang for taking bold steps to do things differently. The entire revenue system is undergoing transformation, and we are identifying untapped revenue sources.”

He cited the mining sector as an area where the state had been losing substantial revenue, despite high levels of mineral extraction.

On tax evasion, he lamented that some wealthy individuals  living and running businesses in Plateau were paying their taxes elsewhere.

“We have high-net-worth individuals in Plateau State who refuse to pay taxes here. Some of them reside and run businesses in Plateau, yet claim their tax jurisdiction is in other  States.This is absurd. The tax law states that individual tax assessment is based on the place of principal residence.”

Pam stated that the Revenue Service was strengthening collaboration with key agencies, including the Federal Inland Revenue Service (FIRS), the National Population Commission, and the Nigerian Financial Intelligence Unit, to improve tax compliance through data-driven assessments.

Data is the new oil, and as far as I’m concerned, Nigeria must be driven by data. With accurate data, we can properly assess and tax individuals, eliminating arbitrary estimations.”*

To enhance tax payment processes, he said the state was introducing digital payment systems, ensuring all revenues go directly to government accounts.

No one in the Revenue Service including the chairman, management, and staff has access to IGR funds.

“All collected revenues go directly into designated accounts and are automatically transferred to the Treasury Single Account (TSA).”

Pam further assured residents that the government was not out to stifle businesses, adding that the administration was open to discussions with stakeholders.

“I always call on Plateau citizens, especially those doing business here, to pay their taxes and contribute to the development of the state.

He announced that tax sensitisation campaigns would no longer be limited to social media but would involve direct engagement with taxpayers.

Pam called on  taxpayers to trust the government and fulfill their obligations.

“We all have to play our part in this process. Citizens must pay their taxes, and in return, the government must be held accountable for doing the right thing by providing infrastructures , ensuring security, and creating an environment where businesses can thrive.”