Kwara achieves 112% IGR growth in 2022, generates N35.4b

Kwara State Internal Revenue Service (KW-IRS) generated N35,445,846,058.06 in 2022, the highest ever 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 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 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.

Commenting on the achievement, the executive chairman, KW-IRS, Mrs. Shade Omoniyi, attributed the rise in the state IGR to strategic measures taken by the management of the agency to increase efficiency.

She disclosed that some of the measures included blockage of leakages through 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 people.

Omoniyi noted that Kwara, like many other states of the federation, is gradually rebounding from economic meltdown and constraints imposed by COVID-19 and resulting lockdowns of 2020.