KWIRS Injects N13bn Into Kwara Projects

By August 20, 2018 Investment News

Chairman of the Kwara State Internal Revenue Service (KWIRS), Dr. Muritala Awodun, revealed yesterday that the service has contributed about N13.5 billion to the state’s special infrastructure development fund, IF-K, since the fund was inaugurated in September 2016.

Awodun, who gave the figure at a media briefing on the service’s performance for the second quarter of 2018, said the evolution of IF-K had significantly assisted the state in executing capital projects across the state.

He said the service now remitted the sum of N530 million to the fund on monthly basis, up from the initial N500 million monthly remittance.

He said: “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.

”Giving a breakdown of the performance of the agency in the second quarter of the year, Awodun said the service collected 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; in the first quarter, he said the agency had collected a total of N10.32 billion into the state’s coffers in the first six months of this year.

Source: Newstelegraph