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KWIRS generates N16.1bn as revenue in 6 months

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Kwara State Internal Revenue Service (KWIRS), says it generated N16. 13 billion as revenue between January and June, 2019.

KWIRS Chairman, Prof. Muritala Awodu said this at its quarterly media parley on Thursday in Ilorin.

He said the revenue body generated N6.29 billion between January and March.

The chairman disclosed that the N9.8 billion generated in the second quarter was a great improvement on the first quarter.

According to him, N1.145 billion was realized in April; N6.9 billion in May while the sum of N1.76 billion was generated in the month of May.

Awodu said the targeted Internally Generated Revenue for 2019 was N34 billion, adding that the revenue body was able to generate N16.1 billion in the first half.

“We still have N18 billion to meet our target of N34 billion, this amount is what we will target in the second half of the year,” Awodu said.

The chairman noted that since the commencement of operations in 2015, the performance of 2019 had been the best for KWIRS, adding that 94 per cent performance in the first half of the year was the highest.

Awodu however, said that not all revenue collected was available as the cash was for the government to spend.

He said that some Ministries, Departments and Agencies (MDAs) revenue were kept in separate TSA accounts, adding that the total revenue collected were divided into government spendable and retain earning.

The chairman added that out of the N16.1 billion collected in the first quarter, N10.35 billion was for government spendable while N5.78 billion went to the MDAs.

Awodu declared that some tax liability arrears owed by federal establishments in the state were paid in May, adding that out of the N7.4 billion tax liability, N4.86 billion was paid.

He disclosed that the remaining N4.86 billion would form part of the revenue drive for the second half of the year.

The chairman said the revenue body was looking forward to a more tax friendly people of Kwara and pledged to improve relation with tax payers in the second half of the year.

Edited by Maureen Atuonwu