IGR: Kwara Targets N5b Monthly

Date: 2016-02-09

As part of efforts to meet up with Kwara State Government's monthly statutory commitments and ensure necessary infrastructural development, the newly established Kwara State Internal Revenue Service (KWIRS) has been directed to raise the state's internally generated revenue to N5billion monthly.

The State Governor Dr Abdulfatah Ahmed who also flagged off the Kwara Resident Identification Number (KRIN), gave the directive at the Commissioning of Revenue House of the Kwara State Internal Revenue Service and the commissioning of the State Revenue Court, said the average monthly generation of N600m was no longer enough for financing capital and recurrent expenditure of the State.

Dr Ahmed noted that it was imperative that the Internally Generated Revenue of the State was aligned with current realities by changing the people, processes and technology for revenue collection, stressing that "the recent fall in global crude oil prices has led to a significant decrease in the funds available for distribution to federal, state and local government from the federation account".

"In our case", the governor explained, "monthly allocation dropped from an average of N3.4b to N1.4b monthly. To put this reduction in perspective, the state government requires N2.4b monthly for workers' salary alone".

According to the governor, when loopholes in revenue collection system are blocked, accruable revenues to the state government accurately and promptly remitted the target would be achieved, adding that "our goal is to ensure that Kwara State is economically viable and self-sufficient, rising from our current position to achieve the second highest IGR per capital in Nigeria by 2019".

On the Kwara State Resident Identification Number, Governor Ahmed said the unique number would be allocated to all residents to enable them access government's services while also serving as a form of identification. He urged all residents of the state to take advantage of the free registration for KRIN in order to guarantee access to services such as education, health and other social goods.

On the Kwara State Revenue Court, the governor explained that it was in compliance with the Kwara State Revenue Administration Law 2015 which created the Kwara State Internal Revenue Service.

The Executive Chairman of KWIRS, Dr Murtala Awotundun in his remarks, said the service would in the medium term develop a solid data base to enhance ong run expand the taxable base to those out of the tax net.

Source

 


Cloud Tag: What's trending

Click on a word/phrase to read more about it.

EndSARS     Ahmed Saidu Rufai     Taofeeq Olateju     Khadijat Ayoola Yusuf     Alimi Abdulrazaq     Kwara State Football Association     Bureau Of Lands     Gbemi Saraki     Abdulkareem Alabi     Amusa Bello     Gbugbu     Tsaragi/Share     Rapheal Ashaolu     Abdulazeez Uthman     Jelili Yusuf     Elerin Of Erin-Ile     Abubakar Lah     Haashim Initiative For Community Advancement     Kwara TV     Sabo-Oke     Balogin Alanamu     Senate President     Risikat Lawal     Saka Adeyemo     Aminat Ahmed     Ilorin Talaka Parapo (ITP)     Elewu     Abdul-Rahoof Bello     Ejidongari     Sam Onile     Federal College Of Education (Special), Afon     Medview Airlines     Kayode Issa     Mohammed Katsina Ahmed     Public Holiday     Moses Rahman Popoola     Yemi Sanni     Joshua Adeyemi Adimula     Kwara Metro Park     Yusuf Babatunde Abdulwahab     Kwara United     Lateef Ademola Olatunji     Ilorin Like-Minds     Aliyu Kora Sabi     Omoniyi     Adamu Attah     Sunday Fagbemi     Saadu Yusuf     08001000100     Ella Supreme Tissue Paper     Mary Arinde     Hamid Bobboyi     Omoniyi Ayinla     Emir Of Kano     Kwara Poly     Abdulwahab Ololele     Tosho Yaqub     Michael Nzwekwe     ENetSuD     Obayomi Azeez     Majlis For Sadakah, Zakat And Waqf     Tosin Saraki     Lukman Oyebanji Fagbemi     Kwarareports     KWASEIC     Emir Of Yashikira     Agbarere     Kwara State Television     Tanke Road     Young Progressives Party     Adamu Atta     Bashiru Makama     Damilola Yusuf Adelodun     Balogun Gambari     Government High School Adeta     Temi Kolawole     Oladipo Akanmu Tolani    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Tayo Awodiji     International Public Sector Accounting Standards     Olatunji Bamgbola     Tanke Flyover Bridge     Ajakaye     Daud Adeshola     Mohammed Ibrahim     Salihu Yahaya     Abdulbaqi Jimoh     Muhammad Ghali Alaaya     Ajike People Support Centre     Timothy Olatunde Fadipe     Abdulmajeed Wahab     Valsolar Consultoria     Suraj Tunji Oyewale     Adam Abdullahi Al-Ilory     Issa Oloruntogun     Sadiq Buhari     Abdulhakeem Amao     Na\'Allah     Ishola Moses Abiodun     Kunbi Titiloye     Yusuf Ali     Sun Qing Rong     Alimi     Tafidan Kaiama     Goodluck Jonathan     Oyin-Zubair     Mahmud Babatunde Baker     Solomon Edojah     Abatemi-Usman     Lawan     Toyin Saraki     Kazeem Adekanye     General Hospital, Offa     Jide Ashonibare     Olomu Of Omu-Aran     Garment Factory     Ibrahim Oniye     Fulani     Tope Daramola     Elerinjare     Christian Association Of Nigeria     Mutawali Of Ilorin     Osuwa     Village Alive Development Association     Abdulrazaq Adebayo     Olaitan Buraimoh     Oba Abu     Olohungbebe     Ita-Ore     Toyin Sanusi     Femi Oladiji     Jeunkunu-Malete-Bani     Aso-ofi     Bello Abubakar     IESA     Post Utme     Fareedah Dankaka     Oluronke Adeyemi     Danladi     Oloruntoyosi Thomas     Onilu     Wahab Agbaje     Moronfoye     Titus Suberu-Ajibola     Oniyangi     Lateef Ademola Olatunji     Rotimi Samuel Olujide     Ahmed \'Lateef     Ajikobi     Share/Tsaragi     Sola Saraki Educational Foundation     Isiaka AbdulRazaq     Talaka Parapo     Jimoh Akani     Mogaji Aare