• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
Tuesday, July 15, 2025
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
No Result
View All Result
Elanza News
Home Business

Edo IGR To Reach 70bn in 2024— Says Obaseki

The Edo State Governor, Mr. Godwin Obaseki, has said the State’s Internally Generated Revenue (IGR) will grow in excess of N70 billion by 2024

Ojimaojo Abubakar by Ojimaojo Abubakar
February 9, 2025
in Business
0
Edo IGR To Reach 70bn in 2024— Says Obaseki
0
SHARES
12
VIEWS
FacebookTwitterWhatsappEmailTelegram

The Edo State Governor, Mr. Godwin Obaseki, has said the State’s Internally Generated Revenue (IGR) will grow in excess of N70 billion by 2024.

The governor, while speaking to journalists in Benin City, said the State’s monthly IGR collection, since 2016, has consistently increased as a result of the conscious investments made by his administration in boosting the local economy.

Obaseki said the IGR growth will come from leveraging its comparative advantage and exploring opportunities in technology, culture, manufacturing, and agriculture, among other sectors of the state’s economy.

RelatedPosts

PIA Attracted $16bn, N50.8tr Crude Revenue — Reps

SEC warns Nigerians against Forsman & Bodenfors for fraudulent activities

Air Peace Set to Launch Direct Flights to Brazil

According to him, “For the past seven years, we have focused on the economy, setting modalities on ground to create an economic revolution in Edo State. Our focus was to attract private investors to Edo to focus on areas where we have a competitive and comparative advantage. We said government will be made an enabler to stimulate and ignite business opportunities in Edo State.”

He further noted, “Since 2016, our monthly IGR collection has consistently increased as a result of the conscious investments made in boosting our local economy. Our partnerships and popular ‘MOUs’ have set Edo on the path of financial sustainability.

“Government is now working more efficiently and we are seeing the results of the hard work in terms of revenue increases. Between 2016 and 2023, we have achieved a lot in terms of IGR for the State, and next year, we anticipate that we will get IGR in excess of N70 billion.”

ALSO READ:  Service sector pushed Nigeria’s GDP growth to 2.54% in Q3 2023—Report

The governor added, “Projects like the Gelegele Seaport and Enterprise Park, among others will further impact the Internally Generated Revenue of the State in years to come.”

In other sectors of the State’s economy, Obaseki stated, “We have done a lot with cassava and ethanol as well as oil palm in the agricultural sector. We have worked hard with partners to open up the retail space in Edo State and hopefully, before the end of the year, we will be launching about 60 shops in the Benin Mall with different facilities.

“The future we see is a State with organized infrastructure to support the private sector production. We have done a lot with the Benin Enterprise Park as we are working on the one in Benin and have acquired land to build those in Edo Central and Edo North. We are hoping that the future is one where the government will work very closely with the private sector to drive the growth of Edo State’s economy.”

Ojimaojo Abubakar

Ojimaojo Abubakar

Abubakar Ojimaojo is a graduate of Mass Communication, political and football analyst currently work at elanzanews.ng as Editor. He pride himself as skilled wordsmith with a passion for delving into contemporary political issues on both national and international scale.

Related Posts

PIA Attracted $16bn, N50.8tr Crude Revenue — Reps

PIA Attracted $16bn, N50.8tr Crude Revenue — Reps

by Ojimaojo Abubakar
July 15, 2025
0

The House of Representatives states that the enactment of the Petroleum Industry Act (PIA 2021) has yielded remarkable results, with...

SEC warns Nigerians against Forsman & Bodenfors for fraudulent activities

SEC warns Nigerians against Forsman & Bodenfors for fraudulent activities

by Ojimaojo Abubakar
July 14, 2025
0

By Abubakar Yunusa The Securities and Exchange Commission (SEC) has warned Nigerians about the activities of Forsman & Bodenfors Limited,...

Air Peace Set to Launch Direct Flights to Brazil

Air Peace Set to Launch Direct Flights to Brazil

by Nathaniel Irobi
July 14, 2025
0

The Nigerian federal government has given the green light for Air Peace, the nation's leading airline, to commence direct flights...

Recommended

Alleged N29 Billion Fraud: Ex-governor Nyako, EFCC Consider Out-of-Court Settlement

Alleged N29 Billion Fraud: Ex-governor Nyako, EFCC Consider Out-of-Court Settlement

3 days ago
Police neutralise 4 kidnappers, rescue victim, recover N3m in Kebbi

Girl killed During Police Rescue of Kidnap Victims in Edo

2 days ago

Popular News

  • CDS’s Wife, Shehu Sani, Katung, Other’s To Storm Pastor Mutum’s Ordination, Book Launch

    CDS’s Wife, Shehu Sani, Katung, Other’s To Storm Pastor Mutum’s Ordination, Book Launch

    0 shares
    Share 0 Tweet 0
  • Bwari Council Chairmanship Aspirant, Dara, Dumps Labour Party Over Suspected Foul Play In Primaries

    0 shares
    Share 0 Tweet 0
  • Innoson, Ibeto, Apostle Alozie To Honour Archbishop Emma David At Golden Jubilee Celebration

    0 shares
    Share 0 Tweet 0
  • Kaduna Baptist Church Donates N50,000 Each To 12 Muslims, 4 Retired Pastors

    0 shares
    Share 0 Tweet 0
  • Bannon Tried to Use Iran Strike to Split the GOP Says Former Counselor to Jared Kushner, Eliyahu Okkon, Esq.

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (742)
  • Education (217)
  • Entertainment (310)
  • Health (194)
  • National (2,194)
  • News (8,192)
  • Opinion (300)
  • Politics (1,626)
  • Science (15)
  • Security (405)
  • Sports (439)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform