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.

Abdulraheem Yusuf     Ubandawaki     Ahmad Olayiwola Kamaldeen     Toyin Abdullahi     Bashir Adigun     Falokun-Oja     Agbarigidoma     Ibikunle Ogunleye     Rebecca Bake     NFAI     Sa\'ad Alanamu     Musbau A. Akanji     Raymond Olaitan     Iponrin     Balogun Ajikobi     Women For Change And Development Initiative     Mamman Saba Jibril     Awoye     Moses Adekanye     Hussein Oloyede     Olatunji Bamgbola     Bature Bello     Aishatu Ahmed Gobir     Bolaji Nagode     Bamidele Adegoke Oladimeji     Hassan A. Saliu     Olohungbebe     Nigeria Governors\' Forum     Dan Iya     Ubandoma Of Ilorin     Bamidele Aluko     Isiaka Abdulrazak     Kwarareports     Baakini     Hamidu Olowo     Emir Of Shonga     Tunde Akanbi     Bolakale Saka     Ahmed Shuaib Buranga     Bureau Of Lands     Oba-Solagberu     Kawu     Maryam Nurudeen     Titus Suberu-Ajibola     Olanrewju Okanlawon Musa     Solomon Edoja     Bello Bature     Apaola     Jimoh Akani     Niyi Ogundiran     Rotimi Oyedepo     Aliyu Kora Sabi     Sheikh Hamzat Yusuf Ariyibi     Mufutau Gbadamosi Esuwoye     Florence Saraki     Gbenga Awoyale     Prince Mahe Abdulkadir     Sunset Workers     Ilorin Airport     Bisi Kristien     Muhammad-Mustapha Suleiman     Amos Justus Sayo     Emir Of Lafiagi     Owo Arugbo     Yusuf Olaolu Ali     Ophthalmological Society Of Nigeria     Neuropsychiatric Hospital     Oko-Erin     JMK Construction Company Limited     Olaitan Buraimoh     Post-utme     Tunji Folami     Olufolake Abdulrazaq     Sunday Fagbemi     COVID     Rex Olawoye     Towoju    

Cloud Tag: What's trending

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

Moses Salami     Toun Okewale-Sonaiya     Umar Sanda Yusuf     Abdulquawiy Olododo     Kumbi Titiloye     TESCOM 2025     Bayer Nigeria Limited     Durbar Festival     Akande Idowu Ayoola Muhammed     Aso-ofi     Ilorin Metro Park     Afolayan     Mohammed Saidu     Abubakar Olusola Saraki     Balogun Fulani     Harmony Holdings     Zulu Gambari     Toyin Olayinka Tejidini     Yekeen Alabi     Kunle Akogun     Yahaya Abdulkareem Babaita     Minister     Ibrahim Abdulkadir Abikan     Olosi Of Osi     Alfa Belgore     Titus Ashaolu     John Dara     Usman Yunusa     Taofik Abdulkareem     Tayo Alao     Alfa Yahaya Road     Ridhwanullah Al-Ilory     Danhawa     Arik     Kwara 2015     Valsolar     Femi Agbaje     Harrison Osauwagboe     Kwara State Governor     Joseph Offorjama     Chemiroy Nigeria Limited     David Adesina     Isiaka Saka Opobiyi     Abubakar Abdulraheem     Tanke Road     Fulani     Dan-Kazeem     Eleja Taiwo Banu     Azeez Bello     Kanu Agabi     Matthew Okedare     Olubukola Kifayat Adedeji     Ilorin Emirate     Valsolar Consultoria     Hassan Saliu     Olabimpe Olani     Abubakar Usman Jos     Tsaragi-Share     Basic Education Certificate Examination     Bayo Ojo     Societe Generale Bank Of Nigeria     Gabriel Fashanu     Universal Basic Education Commission     Ilorin Likeminds Foundation     Tunde Akanbi     Oloriegbe     Gani Saadu     Kunbi Titiloye     Col. Ibrahim Taiwo     NAWOJ     Musibau Akanji     John Obuh     Third Estate     First Lady     Valsolar-Kwara Company Limited     Sarah Jubril     Otunba Taiwo Joseph