–generates N35.4bn IGR

By Olasunkanmi Akoni

Kwara State Internal Revenue Service, KW-IRS, has generated a total sum of N35,445,846,058.06 Internally Generated Revenue, IGR, in 2022, the highest ever generated in one year by the agency since its establishment in 2016.

The record-breaker figure represents 112 per-cent of the agency’s IGR target for the year 2022 and far 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 sum of 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.

The Executive Chairman, KW-IRS, Mrs. Shade Omoniyi, while commenting on the feat, attributed the rise in the state IGR to certain strategic measures taken by the management of the agency to increase its efficiency.

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

She 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.