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Lagos Hits N400bn IGR In First Half Of 2023 - Business - Nairaland 63x4n

Lagos Hits N400bn IGR In First Half Of 2023 (14637 Views)

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ManirBK: 12:02pm On Sep 20, 2023
The Lagos State government, yesterday, said it has generated approximately N400 billion as Internally Generated Revenue in the first half of the year.

The State Commissioner for Economic Planning and Budget, Ope George, who disclosed this during the 2024 Budget Consultative Forum in Ikeja, said the state hopes to reach its target before the end of the year.

While stressing the need to raise the target for 2024 for provision of more services to the people, he emphasised the government’s strong credit rating and robust IGR, which can attract the right investments and funding.

“We have a good credit rating and good IGR, which can help us attract the right set of investment and funding. So, we have to be very creative with our funding by ensuring it’s a mix of IGR and all the funding mechanisms. We’re looking at PPP’s, and being able to get nice concessions at the right rates.

“So I think we’re fortunate because we are going in the right direction and, hopefully, we can continue to build on that to attract the right investments and funding to be able to solo-fund our budgets and our projects.”

https://dailytrust.com/lagos-hits-n400bn-igr-in-first-half-of-2023/

26 Likes 3 Shares

ManirBK: 12:03pm On Sep 20, 2023
good development

28 Likes 3 Shares

AntiChristian: 5:22pm On Sep 20, 2023
Why is Lagos IGR multiples of that of the SE?

75 Likes 9 Shares

BERNIMOORE: 5:22pm On Sep 20, 2023
Audio-revenue Mago-mago....Lets hear the percentage of those benefitting from the IGR....Less than 15% MONKEYS DEY WORK BABOON THEY CHOP...Olorun ma se wa ni abawon waye, ka sise bi eru ko da nkan SMALL SCALE ENTREAPRENEURS ARE GROANING FROM OVERTAXATIONS while OMO ONILE'S & AGBERO'S are making free monies using Gestapo's style owomida approach to rough handle people & take their hard earned capital, talkless of gains

50 Likes 6 Shares

Pandev(m): 5:22pm On Sep 20, 2023
Ok, good. They should put it to good use

11 Likes 1 Share

Jackson619007: 5:22pm On Sep 20, 2023
Good news, soon it will still change.🥱
ExtremeDot: 5:22pm On Sep 20, 2023
Crowd funding.

To be embezzled by the top few.

15 Likes 3 Shares

FreeStuffsNG: 5:23pm On Sep 20, 2023
Awesome!! Invest in Lagos and neighbouring Yoruba SW states today.

God bless Nigeria for ever!Check my signature for free stuffs!

52 Likes 8 Shares

sofeo(m): 5:23pm On Sep 20, 2023
Nice one.

2 Likes

socialmediaman: 5:23pm On Sep 20, 2023
Good! How much of that is used for debt servicing? ing for inflation since the previous budget, how much did it grow or shrink?

6 Likes 3 Shares

yinkeys(m): 5:24pm On Sep 20, 2023
Keep generating
Squeeze out the money largely from poor people
None of that is for human capital development

17 Likes 1 Share

Puss360(f): 5:24pm On Sep 20, 2023
We are moving... Business must go on🤣🤣🤣

1 Like

Yankee101: 5:24pm On Sep 20, 2023
Convert it to dollars

Then compare with previous years

It’s not growth it’s devaluation and inflation

23 Likes 1 Share

lexy2014: 5:24pm On Sep 20, 2023
ManirBK:
good development

Good development in what way?

2 Likes 1 Share

GeneralPula: 5:24pm On Sep 20, 2023
Damnnn..

Oti lor..

Ahead ahead..

8 Likes 2 Shares

Buhari4dullard: 5:24pm On Sep 20, 2023
If we break down this IGR, you'll be surprised that 80% was generated by non-indigenes! angry

When we break Lagos go hear am grin

28 Likes 1 Share

AmazingELixir: 5:25pm On Sep 20, 2023
shocked shocked shocked

Wow! This is massive.

2 Likes

Ofunaofu: 5:25pm On Sep 20, 2023
What lagosians don't know is that their N400bn IGR is funnelled through a conduit pipe into Alpha Beta, a company owned by Tinubu

16 Likes 2 Shares

Xscape1993(m): 5:26pm On Sep 20, 2023
Congratulations!! Does it really transform into real evelopment?

5 Likes 3 Shares

chuose2: 5:26pm On Sep 20, 2023
In land of skull miners,who knows how valuable a skull is

4 Likes 1 Share

Ola9ja23: 5:26pm On Sep 20, 2023
Ologo state
Ogun state to follow but that Daru Dapo is a curse to people of Ogun state.


IPOBidients would cry on top of this good news out of jealousy

15 Likes 3 Shares

Balistic4: 5:27pm On Sep 20, 2023
AntiChristian:
Why is Lagos IGR multiples of that of the SE?
funny enough, it will never impact your life in anyway as neither lagos nor SE is aware of your miserable existence.

AntiChristian:


I pay tax in Lagos!

True, my life dey miserable!
My mistake then, never knew it only impact your miserable life negatively. Sorry antichrist

17 Likes 2 Shares

Pojomojo: 5:27pm On Sep 20, 2023
5% to consultant
15% to LIRS staff
75% to Alpha beta
5% to corruption

11 Likes 4 Shares

MS247: 5:27pm On Sep 20, 2023
cool



Better tax model

Alpha Beta Tax Consultancy is the best in West Africa, for just 5% to 10% service charge they grow your tax bracket by 100%




.

14 Likes 1 Share

BabaO2: 5:27pm On Sep 20, 2023
That is even underdeclared.
They are practically extorting money with state sponsored security agencies.

6 Likes 1 Share

Houseofglam7(f): 5:28pm On Sep 20, 2023
👩🏽‍🦯👩🏽‍🦯👩🏽‍🦯
Swissli(f): 5:28pm On Sep 20, 2023
I Am Packing My Bags
EXOUSIAng: 5:28pm On Sep 20, 2023
Yankee101:
Convert it to dollars

Then compare with previous years

It’s not growth it’s devaluation and inflation
Why can't you ever accept anything positive.
Has any state in Nigeria ever attained such?
When you see something positive commend the government, it won't kill you

27 Likes 3 Shares

ElSudani: 5:29pm On Sep 20, 2023
Pacesetter state....God bless Asiwaju for laying the foundation.

3 Likes

Pauladex(m): 5:29pm On Sep 20, 2023
Buhari4dullard:
If we break down this IGR, you'll be surprised that 80% was generated by non-indigenes! angry

When we break Lagos go hear am grin
Be fast about it.

15 Likes

Christistruth00: 5:29pm On Sep 20, 2023
cool

1 Like

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