The Ekiti State Government, in celebrating its 30th anniversary, has disclosed that it generates an impressive annual Internal Generated Revenue (IGR) of over ₦50 billion. This revelation was made by the State Government, which also shared that a significant portion of this revenue is used to pay workers’ salaries.
According to a report by Premium Times Nigeria, the State Government further revealed that its dependence on agriculture, which was once approximately 80%, has declined to about 40% by 2017, indicating a gradual economic diversification.
The report did not specify when the facility began operation or provide a breakdown of the IGR sources. However, the State Government’s ability to generate substantial revenue is a testament to its growing economic strength and development.
The Ekiti State Government’s impressive IGR generation and its utilization towards paying workers’ salaries is a significant milestone, particularly in Nigeria’s current economic climate.
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