Kwara collects N8.8bn IGR in six months

Date: 2016-07-09

The Kwara State Government has collected about N8.8bn as Internally Generated Revenue between January and June.

Executive Chairman, Kwara State Internal Revenue Service, Dr. Muritala Awodun, said in Ilorin on Friday that the N8.8bn surpassed the total IGR the state government generated in 2015.

According to him, the latest development marked a remarkable improvement in IGR collection from the former average monthly of N650m before the agency was set up.

Giving details of the revenue collections, Awodun said KWIRS generated N977m in January; N1.05bn in February; N1.25bn in March; N2.07bn in April; N1.45bn in May and N1.3bn few days before the end of June.

He stated that the agency did not introduce additional revenues but only deployed competent and dedicated staff, modern technology and improved collection process.

Awodun, however, said some defaulting firms and institutions, including financial bodies, had been negotiating and reconciling their financial positions with the state government, adding that they had increased their remittances and payment.

The KWIRS boss said with the drop from N3bn monthly revenue to the state government from the Federation Account, to even less than N1bn, the improved IGR was being used to augment government revenues to a certain level.

He said, "As part of the quest to eliminate multiple taxations, the Kwara State Revenue Administration Law No. 6 of 22 June 2015 has provided for the harmonisation of collections between the state and local governments.

"There is a Joint Revenue Committee, which is made up of chairmen of all the 16 local government and the Executive Chairman, KWIRS as the Chairman of the committee.

"The KWIRS serves as consultant to collect some local government revenues on their behalf. The harmonisation has begun with KWIRS collecting only four out of all 21 legal collections collectible by local governments. Monthly collections are then remitted to each local government area as appropriate."

Source

 


Cloud Tag: What's trending

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

Abiodun Jacob Ajiboye     Oniwasi Agbaye     Alabi Olayemi Abdulrazak     Adamu B. Yaqubu     Osi     Funmilayo Isiaka Oniwa     Opolo Global Innovation Limited     Mohammed Ghali Alaaya     General Hospital, Ilorin     Madawaki Of Ilorin     Oke-Ogun     VADA     Ishak Mohammed Sabi     Transition Implementation Committee     Adamu Attah     Mustapha AbdulGaniyu     Photo News     Sulu Gambari     Idowu Laro     Abdulraheem Olesin     Offa Descendants Union     Ayegbeni     Monkey Pox     Jumoke Monsura Gafar     Alabere     Alfa Modibbo Belgore     Balogun Fulani     Young Progressives Party     Afonja Descendants Union     Tunji Olawuyi     Mutawali     Abdulrazaq Magaji     Nigerian Army     Budo Egba     Usman Alkali Baba     Islamiya Abdulraheem     Mohammed Ibrahim     S.O. Opowoye     Kpotum Mohammed Baba     Emir Of Yashikira     Centre For Peace And Strategic Studies     Samuel Adedoyin     Quareeb Islamic Association     Kwha.gov.ng     Ayo Adeyemi     Chief Of Staff     Ayo Opadokun     Wahab Femi Agbaje     Abdullahi Atanda     Kunbi Titiloye     Eghe Igbinehi     Isiaka AbdulRazaq     Elesie Of Esie     Bola Tinubu     Olaiya Victor Mobolaji     George Innih     Emir Of Shonga     Kwara     Saka Aleshinloye     Afolasade Opeyemi Kemi     Oluranti Idowu     Samuel Olusegun Adedayo     Abdullahi Saadudeen Alikinla     Magaji Erubu     Mahmud Ayinla Giwa     AbdulFatai Adeniyi Dan-Kazeem     Olofa Of Offa     Abioye Bello     Gbugbu     Kanu Agabi     Amosa     Police Commissioner     Bareke     Ophthalmological Society Of Nigeria     Najim Yaasin     Sola Saraki Educational Foundation     REO CAKES    

Cloud Tag: What's trending

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

ARMTI     KWSUED     Ishak Mohammed Sabi     Basit Olatunji     Nigeria Governors\' Forum     Oni Adebayo     Royal FM     Olatomiwa Williams     Ishola Abdullahi     Okanlawon Taiwo     Jimoh Olusola Imam     Olatinwo     Unilorin FM     National Information Technology Development Agency     Oba Of Jebba     Abubakar Usman Jos     Omupo     Third Estate     Balogun Ajikobi     Jimoh Akani     Aishat Sulu-Gambari     Turaki     Abdullahi Samari     Al-Hikmah University     Benin Republic     Labaeka     Wahab Olasupo Egbewole     Kayode Zubair     Hijaab     Kayode Issa     Kpotum Mohammed Baba     Olam Food Ingredients     YAKOOYO     Zaratu Umar     Wahab Egbewole     Olushola Saraki     Mike Omotosho     Nigeria Customs Service     Esuwoye     Bello Abubakar     Democracy Day     Imodoye Writer’s Enclave     Kunle Suleiman     Ahmad Lawan     Sulyman Age AbdulKareem     Abegunde Goke     Eleja     Wahab Kunle Shittu     AbdulGafar Tosho     Tsaragi-Share     Elerin Of Adanla     Yahaya Abdulkareem Babaita     Dauda Adesola     Age AbdulKareem     Universal Basic Education Commission     Post Utme     Risikat Lawal     Oniyangi Kunle Sulaiman     Halimat Yusuf     AbdulRasaq Abdulmajeed Alaro     Idi-Ape     Abdul Jimoh Mohammed     Afolayan     Abdulkarim Adisa     Saad Omo\'ya     Yekeen Alabi     Kwara State Polytechnic     Okasanmi Ajayi     Ijagbo Health Centre     Amuda Bembe     Kemi Adeosun     Jalala     EndSARS     Pakata Development Association     Balikis Jawondo     Erin-ile     Kwara State Health Insurance Agency