Kwara Emerges 3rd In Sub-national Fiscal Performance In 2024

Kwara State has been ranked third in sub-national fiscal performance in 2024 according to BudgIT’s 2025 State of States Report.

Executive Chairman of the Kwara State Internal Revenue Service (KW-IRS), Shade Omoniyi, disclosed this during
the grand finale of the 2025 KW-IRS tax club quiz competition in Ilorin, the state capital.

“According to BudgIT’s 2025 State of States Report, Kwara ranked 3rd in subnational fiscal performance in 2024, an outstanding leap from 10th position in 2021 and 4th in 2023.

“The report further highlighted that our State achieved a 36 per cent year-on-year growth in IGR between 2023 and 2024, a testament to the State’s growing economic strength and efficiency in revenue administration,” Omoniyi said.

She further added that Kwara State was ranked fifth among states with the least dependence on federally distributed revenue, reflecting the State’s strategic fiscal discipline, innovation, and sustainable approach to public finance.

Omoniyi described the feats as clear reflections of Governor AbdulRahman AbdulRasaq’s visionary leadership and prudent management style, which she noted to have continued to inspire the agency’s collective drive for growth and accountability in public service.

The Executive Chairman also commended the governor for approving the constitution of Stakeholders Committee for the review and harmonisation of taxes, levies, rates, charges and other revenue as well as to review all relevant State Tax Laws and regulations.

“This is to align our legal and operational frameworks with the newly enacted national tax laws and the proposed Taxes and Levies (Approved List for Collection) Bill 2025,” she explained.

She noted that the governor’s actions reaffirmed his commitment to a fair, transparent, and efficient tax system “that not only drives economic growth but also enhances public trust and compliance.”

Omoniyi explained that the KW-IRS Tax Club Quiz Competition is an initiative under service’s 5-Es Community Impact Programmes — Enterprise, Energy, Education, Empowerment, and Environment designed to nurture a tax-compliant generation by exposing young minds to the fundamentals of taxation right from secondary school to taxable adulthood.

Taking the audience through the event and its essence, the Head, Corporate Affairs of KW- IRS, Funmilola Oguntunbi, in her presentation titled: “the journey so far,” said the programme which jointly held with the Ministry of Education and Human Capital Development was one of the agency’s most cherished platforms for engaging, educating and inspiring the younger generation.