Lagos swims in bounty of N23bn IGR
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.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
Leave a Reply
SPECIAL REPORT: Untold story of how inconsistent salary payment frustrates Cross River road sweepers
In this report, ARINZE CHIJIOKE chronicles the pains of street sweepers in Cross River State, and how inconsistent salary payment...
INVESTIGATION: How insider abuse, shoddy handling of contracts by non-existent firms hamper teachers’ productivity in Kano
In efforts to improve productivity of teachers in public schools in Kano State, the state’s Ministry of Education, disbursed over...
A tale of Kwara public school where pupils learn under the tree without chalkboards
“You cannot make people learn. You can only provide the right conditions for learning to happen.” – Vince Gowmon But...
SPECIAL REPORT: Indiscriminate waste dumps, open defecation pose threat of epidemic in Kwara as govt slow to act
Forty three-year-old Bilikis Abdulrahman covered her pineapple fruit she is selling inside a white bucket container. This, she does to...
SPECIAL REPORT: Women displaced by conflict in North-Central Nigeria become farm helps to survive
Displaced women finding refuge in Abagena camp for Internally Displaced Persons (IDP) camp in Makurdi, Benue State have resorted to...
April 16, 2015 at 10:21 am
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