Special Adviser on Oil and Gas, Hon. Felix Isere Leads High-level delegation to EIRS* in a bid to optimize revenue generation from the oil and gas sector.
Edo State Government Intensifies Efforts to Boost Oil and Gas Revenue Through Strategic Collaboration
… As Special Adviser on Oil and Gas, Hon. Felix Isere Leads High-level delegation to EIRS
In a bid to optimize revenue generation from the oil and gas sector, the Edo State Government has taken proactive steps by fostering collaboration with key stakeholders. Hon. Felix Osemwengie Isere, the Special Adviser to the Governor on Oil and Gas, today led a high-level delegation to the Board of Edo State Internal Revenue Services to explore strategies for enhancing the state’s earnings from its oil and gas resources.
The delegation included Mr. Kizito Okpebholo, the Special Adviser to the Governor on Finance, Investment, and Revenue, and Mrs. Omoruyi Martina, the Permanent Secretary, ministry of Energy and Mining, Mr Ihianle Omoruyi, Director of Oil and Gas, Osifo Stacy and Director of Energy in the Ministry of Mining and Energy. Together, we engaged the IRS in discussions focused on improving revenue collection systems, identifying untapped opportunities, and streamlining operations across the oil and gas value chain.
Hon. Isere highlighted the importance of inter-agency collaboration in achieving the state’s revenue goals. “Our mission is to maximize the economic benefits of Edo State’s oil and gas resources by working closely with relevant stakeholders. This collaboration will strengthen our fiscal position and drive sustainable development across the state,” he noted.
The Chairman of the Edo State Board of Internal Revenue Services, Hon. Oladele Bankole Balogun commended Hon. Isere for his initiative and assured him of the board’s full support in implementing strategies to boost oil and gas revenues.
Discussions during the meeting emphasized enhancing tax collection frameworks and creating efficient mechanisms to harness the full potential of the sector. These efforts are aligned with Senator Monday Okpebholo’s broader vision of diversifying its revenue base to fund critical infrastructure and drive economic growth.
Under the leadership of Governor Monday Okpebholo, the Edo State Government continues to demonstrate its commitment to transparency, fiscal discipline, and innovation by engaging experts and stakeholders in formulating impactful revenue-generating policies.
