The Kwara Government has said that it now realizes a sum of N1.5billion monthly as lnternally Generated Revenue, (IGR) for the state.
Governor AbdulFatah Ahmed disclosed this on Monday night while speaking at a Cocktail of the Third Estate Club of the llorin emirate in llorin, the Kwara capital.
He said the state government had improved its revenue drive by blocking all revenue leakages to de-emphasis dependence in monthly allocation from the Federal Government.
The Governor said the state which was formally realizing N500m can noe boast of N1.5billion monthly.
Ahmed said the state will continue to embark on measures that would further improve lGR of the state.
The Governor blamed the present economic recession facing the country on failure to diversify the nation’s mono-economy.
Ahmed noted that the mono-economy being neglected in the country had necessitated the present economy trauma being experience.
He added that the dwelling oil price in the international market led to drastic drop in the allocation to the states and local governments.
This, he said had made it difficult for some states and local government councils to meet their obligations including payment of workers’ salaries.
The governor explained that his administration had put mechanism in place through revenue generation to address the problems.
He said his administration was also taking conscious efforts to address salary problems in the local government councils and tertiary institutions in the state.
He disclosed that government had concluded arrangement to cultivate 10,000 hectares of land for rice, maize, cassava and soya beans production across the 16 local government areas.
The move according to the governor was to strengthen food production and diversification of the state economy.
The President of Third Estate, Dr Yusuf Lawal, said the deepening economy crisis remained the greatest worry to the club because the social value of the community was being threatened.
He said the club had been contributing its quota to community development through the renovation of schools, water projects and support to indigent students.
Guest speakers at the event, Alhaji Tunde Yusuf and Mr. Ibrahim Adeboye from Federal Ministry of Environment decried extreme level of poverty in the country which attributed to consumption without construction.
They however emphasized the need for Nigeria to tap most of its untapped resources and develop entrepreneurship and self-employment to rescue the nation and Ilorin community in particular from economic recession.