Economic Growth: State Generates Over N3.3bn IGR in January

Plateau State has started the year 2025 on a strong economic footing. The Plateau Internal Revenue Service (PIRS) announced an impressive Internally Generated Revenue (IGR) of over N3.3 billion in January. This significant achievement reflects the state government’s efforts. These efforts aim to boost its revenue base. They also seek to improve its economic prospects.

In an interview with the News Agency of Nigeria, Dr. Jim Wayas, Chairman of PIRS, attributed the impressive IGR growth. He credited this to the state government’s strategic initiatives. These initiatives aim to enhance revenue generation. Wayas stated that the PIRS has implemented various measures to improve tax collection. These measures include the automation of tax payment processes. The introduction of a tax amnesty program is also part of these strategies.

The PIRS has set an ambitious target of generating N52 billion in IGR for the year 2025. With the impressive January figures, the state is well on its way to achieving this target. Wayas expressed confidence that the state would exceed its IGR target. He cited the government’s commitment to providing a conducive business environment. The government also supports the growth of small and medium-sized enterprises (SMEs).

Despite the challenging economic environment, the PIRS has adopted friendly tax measures to support businesses and individuals in the state. These measures include a tax waiver for nano businesses and a reduced tax rate for small businesses. Wayas emphasized that the PIRS is committed to supporting the growth of businesses in the state. It also ensures that tax revenues are generated to support the provision of public services.

The state government is also investing heavily in infrastructure development, with a focus on roads, healthcare, and education. Wayas noted that the government’s infrastructure development efforts aim to improve the business environment. They also enhance citizens’ living standards.

Wayas called on residents of Plateau State to support the state government’s efforts to boost IGR by paying their taxes promptly. He emphasized that tax revenues are critical for funding public services and infrastructure development projects.

Plateau State’s impressive IGR growth in January is a testament to the state government’s commitment to boosting its revenue base and improving its economic prospects. With the PIRS’ ambitious target of generating N52 billion in IGR for 2025, the state is poised for significant economic growth and development.