Kwara State Governor, Alhaji Abdulfatah Ahmed says State government will continue to judiciously use tax revenue for infrastructure and other socio-economic programs.
Governor Ahmed gave this assurance on Thursday in Ilorin when he hosted High Networth Individuals and Corporate Organisations at a Breakfast Meeting organised by the Kwara State Internal Revenue Service (KWIRS).
While highlighting his administration’s policies and programmes, Governor Ahmed noted that the State government is working round the clock to bridge the infrastructure deficit across the State.
He said his administration’s determination to reduce the infrastructural gap in the State led to the establishment of Kwara Infrastructural Development Fund (IF-K), which according to him provides a reliable funding capital projects through tax revenue.
Alhaji Ahmed, however, emphasized that tax payment is necessary for the attainment of socio-economic growth, urging all business owners and residents within the tax net to pay their taxes regularly.
He added that societies can only move forward when they have a proper tax collection and management system.
Speaking earlier, the KWIRS Chairman, Dr. Muritala Awodun disclosed that the Revenue Service generated about N17.4bn in 2016 as against N7.2bn generated by the State in 2015.