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Kwara Internal Revenue Service Generates N18.4b In 11 Months

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-Kwara State internal revenue service posts N18.4b IGR in eleven months.

-The service also disclosed pressure from the public barred it from making the expected revenue target.

KWIRS hope to meet N20b naira bench mark before 2017 ends.

The Kwara State Internal Revenue Service (KWIRS), on Tuesday disclosed that it had generated N18.4b as Internally Generated Revenue (IGR) for the state in 11 months.

This was made known by the chairman of the service, Dr Muritala Awodu, while addressing journalists on the activities of the Service for the past 11 months.

The breakdown given by Awodu revealed the organisation generated N6 billion in the first quarter of 2017, the figure dropped to N4.087 billion in the second quarter. and N4.77billion was realized in the third quarter.

Awodu added that KWIRS generated N1.4billion in October and realised N1 billion in November.

He further disclosed that the target of IGR for 2017 was N24 billion but that the service, though might not be able to meet its target for the year, but expressed optimism that it would hit N20 billion mark by the end of December.

“So far, we have surpassed N17.4billion IGR realised in 2016, hopefully by the end of the year, we will realise about N20 billion as IGR,” Awodu promised.

Social pressure on the Service was identified by the chairman as been responsible for the expected inability of the service to meet its target for the year.

He, however, expressed optimism that KWIRS would meet the N30 billion IGR annual benchmark, adding that the state had the potential to realise the target.

Source: Naija News