Ekiti State Aims for N32bn IGR in 2026 Under Oyebanji

Ekiti State has generated a cumulative N88.4 billion in internally generated revenue (IGR) over four years, with Governor Biodun Oyebanji projecting a target of N32 billion by the end of 2026. During his annual State of the State address at the Ekiti State House of Assembly in Ado-Ekiti, Oyebanji attributed the revenue growth to reforms in tax administration, digital transformation, and a more business-friendly environment.

The state's monthly IGR increased from an average of N650 million to about N2.6 billion in 2026. The state generated N8.7 billion in 2022, N12 billion in 2023, N17.6 billion in 2024, and N27.1 billion in 2025, with revenue reaching N15.6 billion as of June 2026.

Oyebanji noted a 62.13 percent increase in IGR in 2025, outperforming other states in the South-West. The state’s GDP rose from N2.4 trillion in 2019 to N4.6 trillion in 2023, with projections nearing N8.8 trillion.

Trade and agriculture are major economic drivers, contributing significantly to the state’s output.