Plateau Revenue Service Realises N31.14bn IGR in 2024, Targets N52bn This Year

By Asile Abel, Jos

The Plateau State Board of Internal Revenue Service (PSIRS) has confirmed that it generated a whopping sum of N31.14 billion in internal generated revenue (IGR) as of the close of business in 2024.

Chairman of the service, Jim Pam Wayas, acknowledged that the state recorded significant growth in revenue, surpassing N30 billion for the first time in its history. Wayas noted that their tax system needs to be overhauled to enable the government to provide necessary infrastructure for the betterment of citizens.

“When this administration started in 2023, I joined halfway through the year, and a lot has happened since then. In 2022, the total revenue generated was ₦15.9 billion.

By the end of 2023, we were able to increase it to ₦25.8 billion. However, as of the close of business last year, we recorded ₦31.14 billion in revenue. This was the first time Plateau State exceeded the ₦30 billion benchmark in revenue generation.”

We need to start 2025 on a strong note, as the state government has set a total revenue target of ₦52 billion for the year

Looking ahead, the state government has set a total revenue target of ₦52 billion for 2025. “We need to start 2025 on a strong note, as the state government has set a total revenue target of ₦52 billion for the year. We began 2025 on solid footing. In January, we collected about ₦3.3 billion, one of the highest amounts ever collected in a single month. Compared to last year, when we generated about ₦1.6 billion in January, this represents a significant improvement in revenue generation.”

He further noted that federal allocations to the state have declined due to debts incurred in previous years, many of which were taken when the exchange rate was much lower.

Wayas stressed that the state must look inward for revenue, identifying new sources and plugging loopholes.

“We are now exploring our Internally Generated Revenue (IGR) potential, and I must commend Governor Caleb Mutfwang for taking bold steps to do things differently. The entire revenue system is undergoing transformation, and we are identifying untapped revenue sources.”