Connect with us

BUSINESS

Delta IGR Soars to N104 Billion in H1 2025, Inches Closer to Annual Target!

Published

on

Solomon Ighrakpata

Delta State’s Internal Generated Revenue (IGR) for the first six months of 2025 has hit an impressive N104,080,603,826.74, collected from January to June.

Hon Solomon Ighrakpata, the Board’s Executive Chairman, disclosed this figures in a statement issued on Tuesday.

Ighrakpata highlighted that this amount surpasses the N78,017,546,571.06 recorded in the same period in 2024, marking a significant increase of N26,063,057,255.68, or about 133.41%.

He explained that the current collection represents approximately 77.62% of the total annual revenue target of N134,092,848,109 set for 2025, indicating strong progress and optimism about exceeding the target by year-end.

“The collected revenue is against the sum of Seventy-Eight Billion, Seventeen Million, Five Hundred and Forty-Six Thousand, Five Hundred and Seventy-One Naira and Six Kobo (N78,017,546,571.06), collected for the same period in 2024, a positive variance of Twenty-Six Billion, Sixty-Three Million, Fifty-Seven Thousand, Two Hundred and Fifty-Five Naira and Sixty-Eight Kobo ( N26,063,057,255.68)
or 133.41% performance.

“The cumulative IGR collection figure of One Hundred and Four Billion, Eighty Million, Six Hundred and Three Thousand, Eight Hundred and Twenty-Six Naira and Seventy-Four Kobo (N104,080,603,826.74) for the period of January 2025 to June, 2025, the revenue service have achieved approximately 77.62 percent of the annual revenue target of One Hundred and Thirty-Four Billion, Ninety-Two Million, Eight Hundred and Forty-Eight Thousand, One Hundred and Nine Naira (N134,092,848,109.00) in the 2025 Budget estimates”.

The Chairman credited the revenue growth to strategic management of taxpayer funds, the governor’s landmark development projects across the state’s three senatorial districts, and the collaborative efforts of the IRS management and staff.

Advertisement
Article Banner

He also appreciated technical support from consultants ICMA Professional Services and Zopaz Advisory Services, as well as stakeholder engagement, taxpayer sensitization, whistleblower policies, and the establishment of specialized units for compliance and tax investigation.

Ighrakpata expressed gratitude to federal and state government agencies, security agencies, revenue banks, private sector partners, professional bodies, unions, trade groups, traditional institutions, and local governments, all of whom contributed to the successful revenue drive.

He emphasized that this achievement has provided essential funds to support more community-oriented projects under Governor Sheriff F.O. Oborevwori’s M.O.R.E. Agenda, further advancing the development of the state.

Continue Reading
Advertisement
Click to comment
Fubara
FEATURES10 hours ago

Fubara Orders Payroll Cleanup Across 23 Rivers LGAs, Says No Politics in Ghost Workers Crackdown

FEATURES11 hours ago

Air Peace, Passengers Honour Military Personnel With Standing Ovation

FEATURES15 hours ago

Return to Fuel Subsidy Will Reverse Nigeria’s Economic Gains — Info Minister

FEATURES17 hours ago

Made-in-Nigeria Project Is Not a Fake Agency — Nwabueze Fires Back at ICPC

FEATURES20 hours ago

Okonkwo Fires Back at Tinubu Over Atiku’s Fuel Subsidy Plan

COMMUNITY REPORT1 day ago

Ogorugba Congratulates Jaro Egbo on Birth Anniversary

FEATURED1 day ago

Omo-Agege’s Alleged Assassination Claim Was a Hoax, Says Delta Government

FEATURED1 day ago

How FRSC Saved 15 In Early Morning Crash On Kano-Zaria Road

FEATURES2 days ago

Police Nab Alleged ‘One-Chance’ Gang Preying on Commuters in Port Harcourt

FEATURES2 days ago

101-Year-Old Woman Arrested Over Cannabis as NDLEA Intercepts Cocaine Hidden in Fufu

NEWS2 days ago

Ogorugba Congratulates Ashakah, Ozue on Their Emergence as APC Candidates Isoko North Constituencies I and II

COMMUNITY REPORT2 days ago

We’re Providing Improved Power Supply, Incentives, Infrastructure to Support Farmers, Investors – Oborevwori

Akpeki
FEATURED3 days ago

APC Releases List of Presidential Campaign Council; Appoints Yari as DG, Uzodimma Secretary (FULL LIST)

FEATURES3 days ago

Fire Guts Popular SPAR Outlet in Calabar

FEATURES3 days ago

UPDATED: Tinubu Orders Arrest of Nwabueze, Suspension of 3 Perm Sec. as ICPC Uncovers Another Fake Office in OSGF

Advertisement
Advertisement

z

   


Article Banner