In the first quarter of 2022, the Edo State Ministries of Physical Planning, Urban and Regional Development, Education, and the Edo Geographic Information Service (EdoGIS) have the most revenue generation.
This was revealed by John Inegbedion, Chairman of the Edo State Internal Revenue Service’s (EIRS) Internally Generated Revenue (IGR) Taskforce.
He stated that the three government institutions’ initiatives helped the service fulfill its monthly IGR target of N3 billion. This was revealed by Inegbedion during the service’s 2022 quarterly (January – March) performance review meeting, which was held by EIRS management.
The head of the IGR Taskforce also commended the service’s zonal and branch managers, as well as its employees, for their devotion and efforts in achieving the great feat.
“The Ministry of Physical Planning, Urban and Regional Development, led by Isoken Omo, had been at the forefront of the government’s revenue-raising drive, with an ongoing campaign for recertification of building plans, permits, and other services,” he said.
The growth of the state’s real estate and property sector is inextricably related to the ministry’s earnings. Estate developers have been quite active in helping to open up additional areas in the outskirts of Benin metropolis.
Individuals and corporations are taking advantage of the state’s land reforms to safeguard their landed assets, and this is reflected in EdoGIS’ revenue profile. For landed property, the agency offers Certificates of Occupancy (C-of-O).
Inegbedion was instructed by Governor Godwin Obaseki to support a robust revenue administration for the state in line with budgetary stipulations at the last quarterly performance review meeting of 2021 and upon assumption of office as Chairman of the IGR Taskforce.