Following consistent shortfalls in the revenue accruing to state governments from the Federation Account, the Kwara State Government has said it will soon establish an agency for Internally Generated Revenue (IGR) drive.

It was learnt that N2.8 billion was slashed from the state's April Federal Allocation.

Governor Abdulfatah Ahmed spoke on the plan when members of the House of Assembly and the Association of Local Governments of Nigeria (ALGON) visited him on his April 11 election victory.

He said a bill would soon be submitted to the Assembly for the establishment of the agency.

The governor, in a statement by his Chief Press Secretary Abdulwahab Oba, said "A new law that will set up a new internally generated revenue platform is being put in place. The new law will birth an institution that will be charged with the responsibility, independent of any ministry, to drive the state revenue to set targets."

Fatah urged the local governments to key into the initiative to boost their internally generated revenue to meet their developmental challenges and other obligations.

The governor told the local government chairmen that it was only when their revenues increased that they could approach either the money market or the capital market for support through various funding windows.

Ahmed added that given the gloomy economic reality of today, the next four years would be tough.

He said success would be hinged on resourcefulness rather than availability of resources.