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

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
FEATURED2 hours ago

VIDEO: Navy Detains Personnel Over Clash with Soldiers During Tinubu’s Visit to Bayelsa

FEATURED14 hours ago

Delta Council Chairman Abducted as Gunmen Invade Hotel, Shoot Security Aides

FEATURED14 hours ago

Benisheikh: Army Debunks Claim of 17 Soldiers Killed; Confirms 4 Deaths

FEATURED15 hours ago

Delta: Drug Suspect Arrested as Police Intercept 21 Bags of Indian Hemp

FEATURED15 hours ago

Two Suspects Shot Dead as Delta Police, Military Engage Kidnappers in Gun Battle, Rescue Victims

Drone Strike
FEATURED2 days ago

Amid Report of Killing of ‘Army General’, DHQ Narrates How Troops Repelled Terrorist Attack in Benisheikh

FEATURED2 days ago

FG Inaugurates Technical Committee to Review $200bn Proposed Integrated Gas, Powwr and Rail Projects

FEATURED2 days ago

N5,000 Note Featuring President Tinubu’s Image Fake – CBN

BUSINESS2 days ago

Delta Highlights Maritime Potential to Attract Investors at Abuja Blue Economy Summit

FEATURED2 days ago

EFCC Busts Yahoo Academy in Abuja, Nabs 31 Suspects

FEATURED2 days ago

Alleged N3.6Bn Fraud: EFCC Appeals Acquittal of Former NDDC Director, Omatsuli, Three Others

FEATURED2 days ago

‘We Run Decentralized Pipeline Security Operations’, Says Tantita’s MD Pondi

NEWS3 days ago

Pipeline Security Has Boosted Oil Production, Says NNPCL GCEO Ojulari

FEATURED3 days ago

Delta Police Foil Robbery in Agbor, Arrest Suspect, Recover Battle Axe, Firearm

FEATURED3 days ago

A’Court Upholds Conviction of Philemon Ibrahim Gora for Alleged N11bn Fraud Linked to Ponzi Scheme

Advertisement
Advertisement

z