Hammed Shittu in Ilorin
The Executive Chairman, Kwara Revenue Internal Service (KWRIS), Mrs. Shade Omoniyi has disclosed that the agency recorded revenue generation of over N19 billion despite the Covid-19 pandemic in the country.
Speaking with journalists in Ilorin over the weekend, Omoniyi said the amount was achieved in the first quarter of 2020, before the pandemic took full effect on the economy.
According to her, “Due to the lack of physical contacts with some taxpayers for collections as well as the lockdown, there was a huge dip in revenue generated in Q2 2020 which extended into Q3 2020, to the last quarter of 2020.”
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Kwara State Internal Revenue Service (KWIRS) says it generated a sum of N6,227,099,973.42 in the fourth quarter of last year.
In a statement signed by the executive chairman of the revenue agency, Shade Omoniyi, and made available to journalists in Ilorin at the weekend, the agency said that “the year 2020, in spite of the imbalances created by the Covid-19 pandemic, was remarkably progressive for the KWIRS.”
Omoniyi, who gave the monthly revenue collections said that the agency raked in N2,765,485,579.54 in October, N1,287,202,252.78 in November and N2,183,412,141.10 in December, making a total sum of N6,227,099,973.42.
She also said that the KW-IRS recorded a total revenue of N19, 623,992,033.64 for the entire year 2020, which, she said, was 75.48 per cent of the N25, 997,573,296.00 revised annual budget.