Lagos Considers Doubling Non-Taxable Income

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The Lagos State Government is in the final stages of a plan to raise the share of non-taxable Internally Generated Revenue (IGR) from 18 Percent to 40 Percent. Dr. Oyeyemi Ayoola, the Special Adviser to the Lagos State Governor on Internal Audit, made this announcement during a five-day training on Revenue Systems Audit of non-tax IGR.

The training, conducted in collaboration with the University of Calgary (Haskayne School of Business) in Alberta, Canada, aimed to equip officers with technologies for auditing and preventing leakages in non-tax IGR.

Ayoola emphasised the necessity of increasing non-taxable IGR to fulfil the state’s THEMES plus Agenda; outlining the importance of revenue to execute various projects. Abdulkabir Ogungbo, the Special Adviser on Taxation and Revenue, highlighted that the training’s goal was to expand the non-tax IGR base, and ensure compliance with internal systems, supporting the state in achieving its expenditure targets.

Kikelomo Dawodu, the Permanent Secretary of the Office of Internal Audit, stressed the role of development in all aspects of life, and the need for sufficient funds to sustain Lagos, eliminate leakages, and enhance service delivery to Lagosians.

 

 

 

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