KWIRS rakes in N4.3b revenue for second quarter

The Kwara Internal Revenue Service (KWIRS), on Tuesday, said it has generated revenue to the tune of N4.3 billion for the third quarter of the 2016.

With this figure, the agency which began operation in January, 2016 had so far raked in the total sum of N12.5 billion as against the total of amount of N7.2 billion achieved in 2015.

The increase in revenue generation according the Agency’s Chairman, Murtala Awodun represent 114 %increase.

The agency’s Chairman Dr. Murtal Awodo made the disclosure while briefing journalists on the activities of the agency for the second quarter covering months of July, August, September and October 2016.

He said the growth in IGR were the “results of blockage of leakages which has been a major hindrance to revenue generation in Kwara”.

Giving a breakdown of quarterly revenue generated for the last three quarter of 2016, Awodun, said the sum of the N3.3 billion was realised in the first quarter while N4.9 in second quarter and billion,4N.3 .

He however said some moneys were still being expected which will sure up the revenue generated for the quarter.

The KWIRS boss said the agency had made a monthly commitments of N500 million to the state Infrastructure Development  Fund recently launched by the state governor.

“This will ensure that money realise through taxes and revenue were plough to the development of kwara and people will also see their money at work”.

Awodun said the agency is embarking  upon various intervention programmes under its Community Impact Corporate Social Responsibility Programmes with focus on Education, Environment, Enterprise and Employment.

The agency, he added had taken 528 people out of unemployment  by creating jobs for them at various levels including consultancy services.