Lagos Hits N400bn IGR In First Half Of 2023 - Business

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

Nairaland Forum › Nairaland General › Business › Lagos Hits N400bn IGR In First Half Of 2023 (15515 Views)

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Lagos Hits N400bn IGR In First Half Of 2023 by ManirBK(op): 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/

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Re: Lagos Hits N400bn IGR In First Half Of 2023 by ManirBK(op): 12:03pm On Sep 20, 2023

good development

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Re: Lagos Hits N400bn IGR In First Half Of 2023 by AntiChristian: 5:22pm On Sep 20, 2023

Why is Lagos IGR multiples of that of the SE?

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Re: Lagos Hits N400bn IGR In First Half Of 2023 by 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

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Re: Lagos Hits N400bn IGR In First Half Of 2023 by Pandev(m): 5:22pm On Sep 20, 2023

Ok, good. They should put it to good use

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Re: Lagos Hits N400bn IGR In First Half Of 2023 by Jackson619007: 5:22pm On Sep 20, 2023

Good news, soon it will still change.🥱

Re: Lagos Hits N400bn IGR In First Half Of 2023 by ExtremeDot: 5:22pm On Sep 20, 2023

Crowd funding.

To be embezzled by the top few.

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Re: Lagos Hits N400bn IGR In First Half Of 2023 by 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!

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Re: Lagos Hits N400bn IGR In First Half Of 2023 by sofeo(m): 5:23pm On Sep 20, 2023

Nice one.

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Re: Lagos Hits N400bn IGR In First Half Of 2023 by socialmediaman: 5:23pm On Sep 20, 2023

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

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Re: Lagos Hits N400bn IGR In First Half Of 2023 by 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

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Re: Lagos Hits N400bn IGR In First Half Of 2023 by Puss360(f): 5:24pm On Sep 20, 2023

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

1 Like

Re: Lagos Hits N400bn IGR In First Half Of 2023 by 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

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Re: Lagos Hits N400bn IGR In First Half Of 2023 by lexy2014: 5:24pm On Sep 20, 2023

ManirBK:
good development

Good development in what way?

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Re: Lagos Hits N400bn IGR In First Half Of 2023 by GeneralPula: 5:24pm On Sep 20, 2023

Damnnn..

Oti lor..

Ahead ahead..

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Re: Lagos Hits N400bn IGR In First Half Of 2023 by 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

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Re: Lagos Hits N400bn IGR In First Half Of 2023 by AmazingELixir: 5:25pm On Sep 20, 2023

Wow! This is massive.

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Re: Lagos Hits N400bn IGR In First Half Of 2023 by 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

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Re: Lagos Hits N400bn IGR In First Half Of 2023 by Xscape1993(m): 5:26pm On Sep 20, 2023

Congratulations!! Does it really transform into real evelopment?

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Re: Lagos Hits N400bn IGR In First Half Of 2023 by chuose2: 5:26pm On Sep 20, 2023

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

https://thumbs.dreamstime.com/b/man-cage-his-head-free-himself-freedom-trapped-prisoner-employee-theft-caged-wedding-background-business-discipline-100561411.jpg

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Re: Lagos Hits N400bn IGR In First Half Of 2023 by 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

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Re: Lagos Hits N400bn IGR In First Half Of 2023 by 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

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Re: Lagos Hits N400bn IGR In First Half Of 2023 by Pojomojo: 5:27pm On Sep 20, 2023

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

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Re: Lagos Hits N400bn IGR In First Half Of 2023 by MS247: 5:27pm On Sep 20, 2023

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%

.

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Re: Lagos Hits N400bn IGR In First Half Of 2023 by BabaO2: 5:27pm On Sep 20, 2023

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

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Re: Lagos Hits N400bn IGR In First Half Of 2023 by Houseofglam7(f): 5:28pm On Sep 20, 2023

👩🏽‍🦯👩🏽‍🦯👩🏽‍🦯

Re: Lagos Hits N400bn IGR In First Half Of 2023 by Swissli(f): 5:28pm On Sep 20, 2023

I Am Packing My Bags

Re: Lagos Hits N400bn IGR In First Half Of 2023 by 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

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