Economy

Kwara State generates N18.4bn IGR in 11 months

by SIKIRAT SHEHU, Ilorin

December 13, 2017 | 11:23 am
  |     |     |   Start Conversation
Chairman of Kwara State Internal Revenue Service (KWIRS), Muritala Awodu, says the service has generated the sum of N18.4 billion as internally generated revenue (IGR) for the state in 11 months, and promises to hit N20 billion by December ending.
Awodun, who disclosed this on Tuesday while briefing newsmen on their activities for the past 11 months, said: “So far, we have surpassed the sum of N17.4 billion IGR realised in 2016. Hopefully, by the end of the year, we will realise about N20 billion as IGR.”
Given the breakdown, Awodun revealed that, a total of N6 billion was generated in the first quarter of 2017, adding that the figure dropped to N4.087 billion in the second quarter.
The chairman added that, from July to September 2017, KWIRS realised N4.77 billion IGR, which was a slight improvement over the second quarter.
The sum of N1.4 billion, according to Awodun, was generated as IGR in the month of October while N1 billion was realised in November, saying the target IGR for 2017 was N24 billion, but KWIRS was unable to meet the target.
He was of the view that a number of factors were responsible for the decline in the revenue generated, but expressed optimism that it would hit N20 billion by the end of December 2017.
He identified social pressure on the service as a factor that impeded the collection of revenue, adding that KWIRS received a lot of complaints from the people of the state.
The economy of the state, he said, was not as buoyant as expected, “we have to be considerate with the people of the state,” saying KWIRS’ expectation was to hit N30 billion IGR annually as the state had the potentials to realise this.
Speaking on the fee for local government citizen certificate, that still remained at N2,500 paid online, he said before the certificate can be issued, evidence of tax payment by parents of the student must be submitted.
The chairman clarified that, where a candidate was unable to provide evidence of parents’ tax payment, he would be compelled to pay certain amount as tax for the year.

by SIKIRAT SHEHU, Ilorin

December 13, 2017 | 11:23 am
  |     |     |   Start Conversation

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