Kwara State Internal Revenue Service KW-IRS has generated the sum of N7.7 Billion (Seven Billion, Seven Hundred Million Naira) as Internally Generated Revenue(IGR) in the first four months of 2018 compared to N7.4 Billion (Seven Billion, Four Hundred Million Naira) recorded in the first four months of 2017 as against N11 Billion targeted.
The Executive Chairman, Kwara State Internal Revenue Service (KW-IRS), Dr Muritala Awodun made this known while presenting the first quarter report to journalists during the quarterly media parley held at Ministry of Information and Communication (MOIC), Kwara State Secretariat, Ilorin. Kwara State.
The Chief Executive of tax and revenue collections in Kwara State, Dr Awodun said the marginal increase in revenue generation in the state was due to change in strategies and positive response of taxpayers. He gave the breakdown of the N7.7 Billion as; January – N2.2 Billion, February – N2.39 Billion, March – N1.8 Billion and April – N1.29 Billion.
According to the Chairman, the total budget for the year 2018 signed into law by the State House of Assembly was N38 Billion Naira. But due to some constraints, two major revenue items namely; Land Charge of N2 Billion and Sales of Fertilizers of N3 Billion were removed from the budget leaving the target as N33 Billion.