14/08/2026
Edo Government Moves to Block Revenue Leakages, Centralise State Funds
The Edo State Government has introduced a major reform to tighten the management of public revenue and prevent leakages across Ministries, Departments, Agencies and Parastatals.
To achieve this,the Governor Monday Okpebholo has signed the Edo State Revenue Consolidation Account (Establishment and Operation) Law, 2026, making the Edo State Internal Revenue Service (EIRS) the sole body responsible for driving and supervising revenue collection in the state.
Under the new law, all MDAs are required to disclose and close their separate revenue accounts, transfer existing balances into the approved IGR Account, and submit revenue records from January 1, 2025, for a comprehensive audit.
MDAs will also no longer be allowed to independently conduct revenue enforcement, engage revenue agents or operate mobile courts for revenue-related offences without the required approval and collaboration with EIRS.
The government says the reform is aimed at improving transparency, accountability and fiscal discipline, while stopping the diversion or unauthorised retention of public funds.
All affected MDAs have 14 days from the date of the notice to comply with key provisions of the law.
The Edo Government says the move is also in line with the new tax reforms and will rely heavily on technology to make revenue collection more efficient and protect citizens from exploitation.
What do you think about this new revenue consolidation policy in Edo State?
