The Kwara State Internal Revenue Service (KWIRS) has said the state has the potential to rake in about five billion naira monthly from internally generated revenue (IGR). The service said the state currently generates about two billion naira as its IGR, adding that based on the peculiarity of the state, it was handling the issue of tax with tact and persuasion.
KWIRS Executive Chairman Prof Muritala Awodun told reporters on Tuesday, in Ilorin, the state capital, that the state is next to Lagos in IGR generation. He said this is just an evidence of the impact of the reformed revenue collection in the state.
The KWIRS chief recalled that before his administration came on board in September 2015, the processes of revenue collection were awash with leakages. He said the IGR of the state increased to twenty-three billion naira in the last three years as opposed to seven-point-two billion naira in 2015 with no less than forty-five infrastructural projects were abandoned.
Awodun said presently, all theforty-five abandoned projects have been completed through the Kwara state Infrastructure Fund (IFK) and new ones commenced.
He added that with the creation of KW-IRS, 723 peopled have been gainfully employed, while over 2,000 persons have also been indirectly engaged; noting that all these have been achieved without any increase in taxes being collected.