Lagos IGR Hits N23b Monthly

By Ihesiulo Grace

16 April 2015

News

Lagos State Government, on Wednesday, said its monthly Internally Generated Revenue (IGR) has increased from N20 billion in 2013 to N23 billion last year.

The state government however said that 376 organisations were prosecuted for defaulting in their tax payment.

Chairman of Lagos State Internal Revenue Service (LIRS), Mr. Tunde Fowler, who made the revelation at a press briefing in Alausa, Secretariat, Ikeja, attributed the increase to the number of people that had come into the tax net of Lagos State.

According to him, “those who are tax compliant in Lagos state are now 4.5 million up from 3.8 million in the previous years.

“The high months of collection are usually in April, May and June. These are the months when companies declare dividends and staffs go on leave and they get their leave allowance.

“In terms of our actual collection, we didn’t increase in IGR. In 2013, we had approximately N236 billion while in 2014 it was N276 billion. So we went from an average of N20 billion in 2013 to an average of N23 billion. And that was one of the things that have kept the state working.”