Kwara Revenue Agency Injects N13.5bn into Infracture Fund
The Chairman of the Kwara State Internal Revenue Service (KWIRS), Dr. Muritala Awodun yesterday said the agency had injected about N13. 5 billion to the state’s special infrastructure development fund (IF-K) since the fund was inaugurated in September 2016.
Awodun disclosed this to journalists in Ilorin yesterday, while highlighting the agency’s performance in the second quarter of 2018 of the agency.
He said the evolution of IF-K had significantly assisted the state in executing capital projects.
He stated that the agency now remits the sum of N530 million to the fund on monthly basis, up from the initial N500 monthly remittance.
According to him, “In 2015, there were over 60 projects abandoned across the state and there was no money but with the coming on board of the fund all the projects were completed and by 2016 given the available scenario government would not have been able to start any new project.
“However, with the IF-K government was able to start several new projects and most of them are still ongoing across the state. “
Given a breakdown of the performance of the agency in the second quarter of this year, Awodun said that, “the service collected the sum of N1.3 billion in April, N1. 2 billion in May and N1. 3 billion in June to make a total of N3. 8 billion.
“When added to the N6. 44 billion collected I’m the first quarter, the agency has collected a total of N10. 32 billion into the state’s coffers in the first six months of this year”.
Although he acknowledged the influence of the political environment on operations of the service, Awodun said his team has put in place strategies to ensure the continued success of the service in coming years.
Explaining this, he said, “in the second quarter we started a process of engaging to be taken through the process of international certification; the ISO in two major areas; quality management system and business continuity management and we are going to be the first revenue agency in Nigeria to do this and we expect that by the end of this quarter we would have been certified.