Akwa Ibom maintains accelerated growth in IGR, closes at 8th position in 2024 ranking
By Substance Nature
Akwa Ibom State has maintained a steady appreciative streak of growth in its Internally Generated Revenue (IGR) collections, especially counting from the birth of the ARISE Agenda of Gov. Umo Eno.
The State moved two steps upward on the sub-national IGR collections ranking in the 2024, according to latest data released by the Nigerian Bureau of Statistics and the Joint Tax Board, the body in charge of tax matters in the country.
The State ranked eight (8th) position in the 2024 sub-national IGR collections with ₦75.7 billion against the ₦43.1 billion collected in the year 2023, a growth rate that has attracted positive commentaries from commentators.
The State also ranked six (6th) position in percentage growth rate in over a 12-months period with a percentage growth performance of 75.45% compared to year 2023. This percentage growth even tops the rich Lagos State which came tops on the IGR collections ranking for 2024 with 54.6 percent growth rate compared to its 2023 figure.
Rivers State, FCT, and Ogun State which came second (2nd), third (3rd) and fourth (4th) positions in the 2024 ranking, came in the 8th, 18th and 19th positions in the percentage growth rate ranking with 62.3, 33.7 and 32.7 percent respectively. With this performance, Akwa Ibom sits fairly comfortably in the bracket of topclass performers in the 2024 ranking.
Akwa Ibom’s performance in the current ranking, the data further shows, has been faster from 2023 to date. This cannot be surprising. It fittingly coincides with the policy thrust and transformational strides of ARISE Agenda in the area of infrastructure, health, education, human capacity development, agriculture, etc.
The growth has also been enhanced by Governor Umo Eno’s effective and judicious use of the State’s resources, which in turn has won the citizens trust and encourage their voluntary compliance to tax payment. Besides, the Akwa Ibom State Internal Revenue Service remains ever focused, resilient, resourceful and innovative in meeting new demands and expectations.
With this, the future is even better especially with reforms spearheaded by the Renewed Hope of President Bola Tinubu and the imminent New Tax Reforms Acts regime come January 2026, in tandem with AkwaGiS, TSA of the Akwa Ibom State Government.
