2018: Top business and economic events in Kwara



In the year 2018 there were events that defined the business and economic sphere in Kwara State. MIKE ADEYEMI takes a look at some of these activities.

KWHA passes 2018 budget: The business activities in Kwara state in 2018 was heralded by the signing into law the fiscal budget by the Kwara State Governor.
The Kwara State House of Assembly after the statutory perusal, passed the 2018 budget of the state totalling N190,997,425,571.
The House jerked up the budget size with about N9 billion, against N181,886,56,555 presented by Governor Abdulfatah Ahmed on November 25 2017.
With the adjustment made at the consideration of the report of the House Committee on Finance and Appropriation at the plenary, the breakdown of the budget showed that the total capital receipt stands at N110,089,173,434, against N106,681,798,633 submitted by the governor, while the recurrent expenditure is pegged at N79,908,252,137, against N75,204,257,922.

Kwara 7th Trade Fair: In March, the 7th Kwara trade fair was held at baseball park, Adewole, Ilorin.
The fair was officially unveiled by the Executive Governor, Dr. Abdulfatah Ahmed represented by the Head of Service, Mrs. Modupe Oluwole.
NERC commissions customers’ complaint office: The Nigerian Electricity Regulatory Commission (NERC) in the year under review launched its Customers Complaints Forum office in Ilorin, Kwara State.
The event, which took place along Stadium road, Ilorin, was attended by stakeholders and customers from Osun, Oyo and Kwara states.
Speaking at the ceremony, the NERC Commissioner of Consumer Affairs, Dr. Moses Arigu, said the event is significant because it indicates the responsiveness of the commission towards addressing the needs of the people to complaints resolution on electricity supply in Kwara and beyond.

KWIRS certified as first ISO revenue state agent: The Kwara State Internal Revenue Service (KWIRS) received two international certificates for standard, quality and continuity, the first by any state revenue service in Nigeria.
They are ISO 9001: 2015 Quality Management System which implies that the service has demonstrated commitment towards continual improvements in customer satisfaction, productivity, and efficiency, while the ISO 22301: 2012 Business Continuity Management System (BCMS) Certification indicates that the service is resilient and secured towards disruptions, incidents and threats.
Speaking during the presentation of the certificates to him by the Executive Chairman of KWIRS, Dr Murtala Awodun at Government House, Ilorin, the Kwara State Governor, Alhaji Abdulfatah Ahmed said the outcome of the evaluation was a strong pointer that the state and indeed KWIRS are in the right direction in revenue drive.

Harmony Holding gets new GMD: The Kwara State Governor, Alhaji Abdulfatah Ahmed, October 2018 appointed the Former Executive Director of Keystone Bank, Dr. Shehu Kuranga Mohammed as the new Group Managing Director (GMD) for Harmony Holdings Limited (HHL).
Until 2017, Dr. Mohammed was the Executive Director, Keystone Bank, Abuja.
The appointment was disclosed in a statement released by the Secretary to the State Government, Alhaji Sola Isiaka Gold at the third quarter of last year.
Harmony Holdings unveils N40m solar power: Harmony Holdings Ltd (HHL) in February 2018 unveiled a N40million power project in Lajolo community in the Ilorin East Local Government Area of Kwara State.
The project, which is the first of its kind in the state, is aimed at boosting socio-economic activities of the community and its environs.
Speaking at the event, the Group Divisional Head, HHL, Alhaji Yinka Yahaya said the solar plant initiative is timely amidst global move towards alternative energy system.

KWIRS seals Skye Bank, re-open: The Kwara State Internal Revenue Service (KWIRS) has explained why the Skye Bank branches in Ilorin were reopened.
The branches of the bank at the Post Office and Challenge areas of the state capital were sealed on January 24, 2018 over nonpayment of withholding tax on bank interest for the years 2013 and 2014 respectively.
The agency had said the bank failed to remit statutory taxes, including taxes on bank interest for two years in the sum of Thirty Million, Sixty-Eight Thousand, Four Hundred and Seventy-One Naira (N30,068,471.22).


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