Ondo State Achieves Historic Revenue Growth With N60 Billion Internally Generated Revenue Milestone Driven By Digital Tax Reforms

Acting ODIRS Chairman Bayo Rojugbokan reveals Ondo State generated 60 billion naira in 2025, driven by digital transparency and tax reforms.

By: AXL Media

Published: Apr 3, 2026, 8:30 AM EDT

Source: The information in this article was sourced from Peoples Gazette

Record Breaking Financial Performance

Ondo State has reached a significant fiscal milestone, reporting its highest annual internally generated revenue (IGR) in the state’s history. The acting chairman of the Ondo State Internal Revenue Service (ODIRS), Bayo Rojugbokan, announced on Friday in Akure that the state’s IGR surged to 60 billion naira in 2025. This figure represents a dramatic increase from the 36 billion naira recorded in 2024, signaling a robust expansion of the state’s independent financial capacity and a decreased reliance on federal allocations.

Drivers Of Monthly Revenue Surge

The data provided by ODIRS indicates that the state’s average monthly revenue jumped from 3 billion naira in 2024 to 5 billion naira in 2025. According to Rojugbokan, while core tax revenue consistently accounts for approximately 3 billion naira each month, the overall total was bolstered by additional inflows from various investment channels and other revenue generating agencies. This diversified approach to income generation has provided the state with a more stable and predictable financial foundation for its developmental projects.

Technological Integration And Public Trust

The dramatic rise in compliance and collection efficiency has been largely attributed to the strategic deployment of technology. The acting chairman noted that the transition to digital receipting and electronic verification has significantly reduced manual leakages and increased public trust in the tax system. Taxpayers can now verify and store their records digitally, which has simplified the payment process and encouraged a culture of voluntary compliance among the citizens and businesses operating within the state.