₦airaland Forum

The Revenue Mobilisation Allocation and Fiscal Commission has called on other states of the Federation to imitate best practices to replicate the feat of Lagos State in internally generated revenue records.

The RMAFC directed the call to other states during a research visit by the Commission to Lagos House, Ikeja on Tuesday.

During the visit, the State Commissioner for Finance, Mr. Abayomi Oluyomi, reiterated that the state achieved a significant milestone in IGR, increasing it by 70 per cent over the past five years.

Oluyomi highlighted the state’s initiatives, including Revenue Courts, ICT-led payments and collections, and the newly launched Lagos Revenue Platform.

Federal Commissioner representing Kwara State and member of the Mobilisation and Diversification Committee of RMAFC, Alhaji Ismail Agaka, who led the delegation, lauded Lagos State’s financial strength and fiscal economy.

He acknowledged Lagos State’s economic growth, citing its increased Gross Domestic Product from 27 trillion to 41 trillion in five years, and the RMAFC’s desire to learn from its best practices to advise other states.

“Lagos is a trailblazer when it comes to financial strength and also the fiscal economy. So that’s why we’re here,” he said.



Agaka emphasised the commission’s objective to collaborate with Lagos State and identify areas where it has shown exceptional performance.

“We know there are areas where Lagos State has really shown itself to be a trailblazer. So based on what we know, vis-a-vis what is now present, to be able to come to a conclusion as to how well Lagos is faring,” he said.

Agaka highlighted the importance of learning from Lagos State’s best practices to advise other states.

“When we talk about best practices, it’s to see what is working very well here, so as to advise others that look. Make Lagos State a role model for you in this specific area,” he said.

Remarking, Lagos Finance Commissioner said, “We are grateful for the support and collaboration of our partners at the federal level, which has enabled us to achieve this feat. IGR is the mainstay of Lagos, and we remain committed to driving revenue growth through innovative initiatives.

“We have found a strategic ally in RMAFC and are excited to showcase our projects, which will catalyze transformation and enhance the quality of life for our citizens.”

The commissioner emphasised the importance of teamwork and commended the RMAFC team for their commitment to supporting IGR growth in Lagos State.

The Revenue Mobilisation Allocation and Fiscal Commission has called on other states of the Federation to imitate best practices to replicate the feat of Lagos State in internally generated revenue records.

The RMAFC directed the call to other states during a research visit by the Commission to Lagos House, Ikeja on Tuesday.

During the visit, the State Commissioner for Finance, Mr. Abayomi Oluyomi, reiterated that the state achieved a significant milestone in IGR, increasing it by 70 per cent over the past five years.

Oluyomi highlighted the state’s initiatives, including Revenue Courts, ICT-led payments and collections, and the newly launched Lagos Revenue Platform.

Federal Commissioner representing Kwara State and member of the Mobilisation and Diversification Committee of RMAFC, Alhaji Ismail Agaka, who led the delegation, lauded Lagos State’s financial strength and fiscal economy.

He acknowledged Lagos State’s economic growth, citing its increased Gross Domestic Product from 27 trillion to 41 trillion in five years, and the RMAFC’s desire to learn from its best practices to advise other states.

“Lagos is a trailblazer when it comes to financial strength and also the fiscal economy. So that’s why we’re here,” he said.

Agaka emphasised the commission’s objective to collaborate with Lagos State and identify areas where it has shown exceptional performance.

“We know there are areas where Lagos State has really shown itself to be a trailblazer. So based on what we know, vis-a-vis what is now present, to be able to come to a conclusion as to how well Lagos is faring,” he said.

Agaka highlighted the importance of learning from Lagos State’s best practices to advise other states.

“When we talk about best practices, it’s to see what is working very well here, so as to advise others that look. Make Lagos State a role model for you in this specific area,” he said.

Remarking, Lagos Finance Commissioner said, “We are grateful for the support and collaboration of our partners at the federal level, which has enabled us to achieve this feat. IGR is the mainstay of Lagos, and we remain committed to driving revenue growth through innovative initiatives.

“We have found a strategic ally in RMAFC and are excited to showcase our projects, which will catalyze transformation and enhance the quality of life for our citizens.”

The commissioner emphasised the importance of teamwork and commended the RMAFC team for their commitment to supporting IGR growth in Lagos State.

“We look forward to fruitful discussions and meaningful engagement to bring our shared vision to fruition,” he said.

He also added that Lagos State is set to transform its financial landscape by reducing reliance on federal allocations, focusing on strategic capacity building, and leveraging funding from international and federal sources.

Oluyomi explained, “The reason why this committee was put together as part of RAMFAC is to go from state to state, to help them on how they can diversify their base so that they will not depend entirely on federal allocation.”

Furthermore, Oluyomi addressed the challenge of high interest rates on loans from commercial banks, which hinder business growth.

He asserted that RAMFAC’s support helps secure loans with lower interest rates, which are crucial for stimulating development.

“The moment we have that funding, that funding can catalyze our people, it can catalyze a lot of businesses,” he said.

Ulogwe1:
Good

simpleseyi:
The guy made the video from the psychiatric hospital. But I wonder why doctors give smart phones to patients still undergoing treatment at the psychiatric hospitals

BondRiv:
That is all governors in Nigeria know. Very nonsense set of people. At the end of the day, nothing will be achieved in the state. Look at the infamous element Obaseki in Edo State as reference. These are the people you want to give state police. The end is near indeed. Nigeria will be finished.

press9jatv:
One man brought Sheriff as Chairman of PDP, started fighting him and for peace to reign, the party spent over 8 months in court until he was removed by the Supreme Court.

This same man brought Uche Secondus as Chairman of PDP, started fighting him and for peace to reign, Secondus was eventually removed.

The same man actively supported Ayu as Chairman, when he realized that Ayu would not work for his agenda, he started fighting him to be removed. And once again, Ayu had to go for peace to reign.

Same man Brought Sim Fubara as his successor and is now fighting him.

Only one man bringing people and fighting them.

Once you do not exist to serve his agenda and ambition, you are useless to him and he will start fighting you.

Someone that was in his mid 30s when he was handpicked by Odili to be an aide and later a Local Government Chairman, and also returned second tenure by the help of Justice Mary Odilli but now he refers to Odili and his wife as “one man and woman”.

Amaechi, his long time friend is now his sworn enemy.

Throughout his political career, he has been fighting.

When he was Governor, he deceived Rivers people to believe that it was their fight and he was just the messenger but now the events that have happened in the past year have shown everyone that it is his personal fight.

Since 2007, anytime Rivers State is on the news for political crises, he is a main character.

Nightwolf1:
The common sense crooner is now senseless.

We are saying that the existing roads leading from Cross River State to Lagos State and the numerous bad roads across the country should be fixed.
The coastal highway shouldn't be a problem for now.


People are dying on these bad roads yet the govt priority is a coastal highway that we all know wouldn't be completed in 20yrs to come.

How is that a bad idea if I may ask Ben?

In a bid to support criminality they start sounding like uneducated people.

If this coastal highway is not all about criminality, they should equally award instant repairs for all the bad roads in the country and release a whooping 1 trillion naira to start up immediate work on them.

Richtaiwo:
Which Allah is he talking about? Is it the same Allah that his unintelligent sheeples have called so many despicable names and insulted as wide as their mouths could go? Gringory, if you like memorise the Quran today, you will never be president. Know this and know peace.