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    Friday, February 17, 2023

    Kwara Posts Record N35.4bn IGR in 2022


    Kwara State Internal Revenue Service (KW-IRS) generated a total sum of N35,445,846,058 Internally Generated Revenue (IGR) in 2022.

    The sum represented 112 per cent increase when compared to its target in 2022.

    A statement by the KW-IRS said that the revenue generation was the highest ever recorded by the agency since it’s establishment in 2016.

    The statement hinted that the revenue generation surpassed the agency’s N26.96 billion generated in 2021.

    According to the yearly IGR figures posted on the agency’s website, the quarterly breakdown of the N35,445,846,058.06 showed that N10,726,397,076.16 was earned in the first quarter, while it raked in N7,302,964,989.48 in the second quarter.

    In quarter three, the agency generated N6,354,070,089.09, while N11,062,413,903.33 was earned in the fourth quarter.

    Commenting on the latest achievement of the revenue agency, Mrs. Shade Omoniyi, the Executive Chairman, KW-IRS, attributed the rise in the state IGR to certain strategic measures taken by the management of the agency to increase its efficiency.

    She emphasized that some of the measures included blockage of leakages through the deployment of information and communication technology infrastructure and systems and increased productivity among staff through improved welfare packages.

    Others according to her are heavy cut in consultancy charges, expansion of the tax net without new charges, and introduction of new technologies that make tax payment easier for the people, among others.

    Omoniyi noted that Kwara State, like many other states of the federation, was gradually on rebound from the economic meltdown and constraints imposed by the Covid-19 and the resulting lockdowns of 2020.

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