NewStats: 3,264,424 , 8,183,698 topics. Date: Wednesday, 11 June 2025 at 03:53 AM 4a4u4u

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/

good development

Why is Lagos IGR multiples of that of the SE?

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

Ok, good. They should put it to good use

Good news, soon it will still change.🥱

Crowd funding.

To be embezzled by the top few.

Awesome!! Invest in Lagos and neighbouring Yoruba SW states today.

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

Nice one.

Good! How much of that is used for debt servicing? ing for inflation since the previous budget, how much did it grow or shrink?

Keep generating
Squeeze out the money largely from poor people
None of that is for human capital development

We are moving... Business must go on🤣🤣🤣

Convert it to dollars

Then compare with previous years

It’s not growth it’s devaluation and inflation

ManirBK:
good development

Good development in what way?

Damnnn..

Oti lor..

Ahead ahead..

If we break down this IGR, you'll be surprised that 80% was generated by non-indigenes!

When we break Lagos go hear am

Wow! This is massive.

What lagosians don't know is that their N400bn IGR is funnelled through a conduit pipe into Alpha Beta, a company owned by Tinubu

Congratulations!! Does it really transform into real evelopment?

In land of skull miners,who knows how valuable a skull is

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

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

5% to consultant
15% to LIRS staff
75% to Alpha beta
5% to corruption

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%




.

That is even underdeclared.
They are practically extorting money with state sponsored security agencies.

👩🏽‍🦯👩🏽‍🦯👩🏽‍🦯

I Am Packing My Bags

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

Pacesetter state....God bless Asiwaju for laying the foundation.

Buhari4dullard:
If we break down this IGR, you'll be surprised that 80% was generated by non-indigenes!

When we break Lagos go hear am

Be fast about it.