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Lagos swims in bounty of N23bn IGR

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The average monthly Internally Generated Revenue (IGR) of Lagos State has increased from N20bn in 2013 to N23bn in 2015, courtesy of about 4.5 million residents who are now voluntarily paying their taxes.

Chairman, Lagos State Internal Revenue Service, Mr. Tunde Fowler, made the revelation during a ministerial press conference to mark the fourth year second term in office of Governor Babatunde Fashola on Wednesday.

This amount does not include the informal sector, which he said has yet to pay tax. “Some of the people in this sector get paid for their services. They are about three million people in the state. The objective of taxation is to distribute wealth”, he said.

The LIRS stated that 626 tax defaulters were dragged before the court with a total liability of N11.6bn, while 376 succeeded in obtaining a restraining order, translating to a liability of N8.1bn.

Fowler added that N728m had, however, been recovered through court processes.

Shodipo said the growth in the number of tax payers showed that the residents trusted the government to deliver on its promise.

He said, “As Lagosians, we are embedded with the ‘can-do spirit’. That is why we particularly acknowledge the prompt payment of your taxes and levies. This has, in no small way, been the propellant for this administration to fulfill electoral promises.

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0 Comments

  1. tsalz eme

    April 16, 2015 at 10:21 am

    noted…

  2. Don Lucassi

    April 16, 2015 at 1:52 pm

    I just wished for a better tax system that puts more burden on the high earners, all those taxes in varying form on small business owners like radio and tv license, lock up shop, and others are just scam

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