PSIRS Surpasses N34.4bn Target in 2025, Hits 52.4% of N42.4bn in 2026, Proposes N51bn for 2027.


By Jerry Jatdul. 


The Plateau State Internal Revenue Service, PSIRS, has announced that it surpassed its N34.4 billion revenue target for 2025 and has so far collected 52.4 percent of its N42.4 billion target for the current fiscal year.

The Service said it is optimistic that it will achieve or surpass the 2026 target before the end of the year, hence its N51 billion proposal for 2027.

This was disclosed by the Director of Finance and Accounts of the Service, Mr. Thomas Bikut, who spoke to newsmen on behalf of the Executive Chairman, Mr. Jim Pam Wayas, shortly after defending the Service's 2027 budget projection before the Special Budget Committee set up by the Governor.

Bikut said the administration of Governor Caleb Mutfwang is obviously and judiciously deploying tax revenue to fund people-oriented projects across the state, with road networks being the most visible infrastructure.

"Last year, our IGR target for PSIRS alone was approximately N34.4 billion which we surpassed. We have achieved 52.4% of this year's N42.4 billion IGR target. We are optimistic we will achieve or surpass this year's target as well, perhaps why we are proposing N51 billion (PSIRS alone) come 2027," he said.

He explained that the Service coordinates the revenue generating activities of other Ministries, Departments and Agencies, MDAs, through a centralized and automated IGR collection platform in line with the Treasury Single Account, TSA, concept to eliminate leakages and ensure transparency and accountability.

On the new National Tax Reforms, Bikut said the reforms favour low-income earners, as Personal Income Tax, which is collected by PSIRS, now grants exemptions below certain thresholds.

Despite the exemptions, he said the Service is collaborating with stakeholders, especially those in the informal sector, to broaden the tax net.

He described the reforms as people-friendly, aimed at improving the propensity of low-income taxpayers to save, particularly in the current difficult economic times.

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