The Delta State Government has announced a 138 per cent increase in its Internally Generated Revenue (IGR), with collections rising from about ₦84 billion in 2023 to more than ₦200 billion, attributing the growth to fiscal reforms and economic diversification initiatives under Governor Sheriff Oborevwori’s MORE Agenda.
The disclosure was made on Tuesday following an assessment visit by a delegation from the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), which evaluated the state’s revenue generation strategies and efforts to diversify its economy.
The development comes as subnational governments across Nigeria intensify efforts to boost internally generated revenue and reduce dependence on monthly Federation Account allocations by expanding investments in agriculture, manufacturing, technology, tourism and other non-oil sectors.
According to the state government, the revenue growth reflects the impact of strategic reforms implemented since Governor Oborevwori assumed office in May 2023.
“Delta State has grown its Internally Generated Revenue (IGR) from about ₦84 billion in 2023 to over ₦200 billion, a remarkable increase of more than 138 per cent, driven by strategic reforms and economic diversification under Governor Sheriff Oborevwori’s MORE Agenda,” the statement said.
It added that the achievement featured prominently during the RMAFC delegation’s visit to Asaba, where the commission assessed the state’s economic diversification and revenue mobilisation initiatives.
The government said the commission commended Delta’s deliberate investments in agriculture, industrialisation, innovation and other non-oil sectors, describing the state’s diversification drive as a model for building a resilient economy and achieving sustainable long-term growth.
Governor Oborevwori’s MORE Agenda—Meaningful Development, Opportunities for All, Realistic Reforms and Enhanced Peace and Security—prioritises infrastructure development, economic expansion, human capital development and improved governance as part of efforts to strengthen the state’s fiscal position.
The government said the administration remains committed to deepening reforms that will sustain revenue growth, attract investments and reduce the state’s dependence on oil earnings.
The Revenue Mobilisation Allocation and Fiscal Commission is constitutionally mandated to monitor revenue accruals, review revenue allocation formulas and advise governments at all levels on measures to improve revenue generation and fiscal sustainability.
