KW-IRS Generates 16 Billion In Half Year Of 2019

The Executive Chairman of the Kwara State Internal Revenue Service (KW-IRS), Professor Muritala Awodun stated that the Service generated over N16billion in the first half of 2019. The Executive Chairman stated this at the second quarter media parley organised by KW-IRS in collaboration with the Ministry of Information and Communications (MOIC). The event which took place at the Ministry’s conference room on 11th July 2019 had in attendance the Permanent Secretary of the Ministry, Alh. Ganiyu Mustapha, and KW-IRS top management including Director, Special Duties, Mr. Segun Olaniyi, Director, Legal and Enforcement, Lateef Okandeji Esq, and the Assistant Director, Internal Audit, Mrs. Omolara Ojulari.

The Permanent Secretary stated the importance of this event which had been a tradition of KW-IRS to inform the press and general public about their operations since its inception in 2016. He also noted that this was the first Media Parley to be held in the administration of the new Governor, Abdulrahman Abdulrazaq.

Prof. Awodun in his opening remark stated that the Service knows the importance of giving feedback to the people and enlighten the public so as to curb rumours. He noted that the Service engaged in series of platforms to interact with the public via radio programmes, events and visits.

Prof Awodun gave account of the IGR generated by the Service for the state in the 2nd quarter; for April the Service generated N1.145 billion while in May and June N6.907 billion and N1.76billion was generated respectively, making a total sum of N16.139 billion generated in the first half of year 2019 as against the budget of N17billion which gives 94% performance. The Executive Chairman stated that not all the revenue collected by the Service is available for government spending, explaining that the IGR figure is divided into government spendable and retained earnings. He expatiated that the retained earnings .

are revenue in form of fees, levies or charges and are ring-fenced as operational expenses for the parastatals and agencies which generated them such as Tertiary Institutions.   

MONTH SPENDABLE(N) RETAINED EARNING(N)
APRIL 631,488,608 520,430,460
MAY 6,454,313,030 471,774,875
JUNE 702,426,384 1,063,223,457
TOTAL 10,352,823,310 5,786,863,977

Prof. Awodun posited that the half year performance of 2019 was the best in terms of performance so far compared to previous years. A major inflow of tax liabilities arrears from Federal Ministries, Departments and Agencies (FMDAs) which came in on 28th May contributed to the increase of IGR for the month of May 2019.

The Executive Chairman also highlighted some of the Community Impact Program (CIP) projects carried out by the service in the second quarter which include the commencement of the 4th Annual Tax Club Quiz Competition, maintenance of roundabouts within Ilorin metropolis, distribution of school bags to children on children’s day, sponsorship of artisans on vocational trainings, etc.

Other members of MOIC present were; Director PFS, Alh. Yahaya T. Wood, the Director of Special Services, Mrs. Olufunke Oludipe, the Director Public Orientation, Alh. Abdulfatai Dankazeem, the Deputy Director Public Orientation, Mrs, Christiana Shonibare, the CFA, Alh Mohammed, the Staff Officer Alhaja Salman and the press secretary Mrs. Bola Olupinla. The Parley was well attended by Correspondence Chapel of Ilorin made up of correspondents of various media houses.

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