Business News of Tuesday, 21 July 2026
Source: www.dailytrust.com
The Executive Chairman, Ekiti State Internal Revenue Service, (EKIRS), Mr. Olaniyan Olatona, has disclosed that the monthly Internally Generated Revenue, IGR, in the state has increased to N2.7 billion.
Olatona disclosed this in Ado-Ekiti at a media channel while giving details on the activities of the service.
He said between January and June 2026, the IGR has risen from N2.1 billion to N2.7 billion, an increase of N600 million.
According to him, the successes were achieved through the improved voluntary tax compliance, digital tax administration, public enlightenment, tax reforms, an empowered workforce, and the enabling environment created by the current administration in the state.
Olatona pointed out that the revenue service, EKIRS, has achieved 51 per cent of its 2026 annual revenue target within the first six months of the year, without introducing new taxes or increasing existing tax rates.
“EKIRS has focused on expanding the tax net, blocking revenue leakages, and deploying technology and data intelligence to improve tax administration,” he said.
The EKIRS boss said taxpayers could conveniently make payments through bank transfers, electronic payment platforms and the USSD Code, adding that the agency’s transition to electronic documentation had enhanced transparency, accountability and efficiency.
Olatona commended the residents of the state for their growing willingness to meet their tax obligations, attributing the improved compliance to the visible developmental projects being executed by the state government.
The EKIRS boss noted that the agency would continue to prioritize technology driven revenue administration, data intelligence and voluntary tax compliance to improve revenue generation while sustaining economic growth in the state.

