Enugu State has recorded a historic increase in its internally generated revenue (IGR), reaching ₦406.77 billion in 2025, marking one of the most significant fiscal growth milestones in the state’s history.
The disclosure was made by the Executive Chairman of the Enugu State Internal Revenue Service (ESIRS), Emmanuel Ekene Nnamani, who revealed that the 2025 revenue performance represents a substantial increase from the ₦180.5 billion generated in 2024.
According to the ESIRS boss, although the state initially projected ₦509.9 billion for the 2025 fiscal year, the government successfully achieved approximately 80 percent of the target, reflecting strong fiscal performance and improved revenue sustainability.
The development marks a dramatic rise in the state’s revenue trajectory over the past few years. Official data indicates that Enugu generated ₦26.8 billion in 2022 and ₦37.4 billion in 2023 before witnessing exponential growth to ₦180.5 billion in 2024 and eventually crossing the ₦400 billion mark in 2025.
Government officials attributed the sharp increase largely to economic reforms introduced by Governor Peter Mbah’s administration, which focused on reducing reliance on allocations from the Federation Account Allocation Committee (FAAC) while strengthening domestic revenue streams.
Breakdown of the revenue shows that non-tax income played a dominant role in the state’s financial expansion. Of the ₦406.7 billion generated in 2025, ₦355.2 billion came from non-tax revenue sources, including recovery and optimisation of previously dormant government assets, while tax revenue accounted for ₦51.5 billion.
Officials also noted that tax compliance improved significantly, with tax collections rising by about 72 percent year-on-year, a development linked to increased transparency and the deployment of technology-driven revenue monitoring systems.
Beyond financial reforms, the state government credited visible infrastructure and development projects for encouraging greater compliance among residents and businesses. Projects cited include smart schools, upgraded healthcare centres, transportation infrastructure, and other public investments aimed at boosting economic confidence.
Looking ahead, the Enugu State Government has unveiled an ambitious projection of ₦870 billion in internally generated revenue for 2026. Authorities expressed optimism that ongoing reforms, improved compliance, and sustained economic expansion would help the state meet or surpass the target, despite expected short-term adjustments linked to pro-citizen tax policies.
The revenue projection also aligns with the state’s broader fiscal agenda, as internally generated revenue is expected to serve as a major funding source for Enugu’s multi-trillion-naira development plans, positioning the state as an emerging economic hub in Nigeria’s South-East region.
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