Plateau IGR Hits N30b in 2024, as Mutfwang Sets N52b Target for 2025

Plateau IGR hits N30b in 2024, as Mutfwang sets N52b target for 2025
The chairman, Plateau State Internal Revenue Service (PSIRS), Dr. Jim Pam Wayas, said the state raked in N31.14 billion in 2024, the first in the history of the state.

Pam said this is in contrast to the N25.8 billion made in 2023.

Speaking to reporters in his office on Friday, Pam said the service has also received a tall order from Governor Caleb Mutfwang to increase the revenue to N52 billion 2025.

He said the service is however starting on a good footing, as it already collected N3.3 billion in January compared to N1.6 billion in the corresponding period last year.

Pam said the service was able to achieve this through improved revenue collection by bringing more tax payers into the tax net and blocking leakages in the revenue system.

He said, “In 2023, we were able to jack the revenue to N25.8 billion from somewhere around N15.8 billion in the preceding year. But as at close of business last year, the revenue closed at N31.14 billion.

“And that’s the first time the Plateau State has hit the benchmark of above N30 billion in revenue generation. However, there’s hope that we need to start 2025 on a tall order because even the state government has given us a total revenue target of N52 billion in 2025.

“But we started 2025 on a strong footing. As at January, we collected about N3.3 billion, which is not even the highest that we ever collected in any given month, but I think compared to last year, by January, we did about N1.6 billion.

“That shows significant improvement in revenue generation.

Pam said though the state had witnessed an increase in internally generated revenue, it’s federally allocated revenue had for the past six months come with a minus, owing to foreign debts that the state had incurred in the past and fluctuations in rate of foreign exchange.