The Lagos Internal Revenue Service (LIRS) through its professional partner, Deloitte, has unveiled its whistle-blowing tip off channels to promote transparency, accountability and general public inclusivity in governance. The whistle-blowing service provides multilingual, multiple reporting channels such as toll-free hotlines, web portal, email and a mobile application. Speaking during the launch of the channels on […]
The National Bureau of Statistics (NBS) has reported that the 36 states and the Federal Capital Territory generated N849.12 billion as Internationally Generated Revenue (IGR) in the first half of 2021. The official statistics producing agency in its latest ‘NBS Internally Generated Revenue Report’ disclosed that Lagos State topped the revenue chart with N267.23 billion […]
Lagos State Governor, Babajide Sanwo-Olu, on Monday canvassed 42% share of the revenue in the Federation Account to states in order to correct the fiscal imbalances in the nation’s political structures. The Governor made the submissionat the 2-Day South-West Zonal public hearing organized by the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) to flag off […]
The Court of Appeal sitting in Abuja on Friday granted the prayers of the Federal Inland Service (FIRS) over an earlier ruling by Federal High Court sitting in Port Harcourt on states’ powers to collect Value Added Tax (VAT) and ordered both Rivers and Lagos States to maintain status quo antebellum in favour of the […]
A new music project tagged OELA Project Evergreen to deliberately focus the narrative of Nigerian music on positive virtues such as integrity, courage, hard work, patriotism, leadership, service to humanity among others for national reorientation and cultural refinement will be flagged off in Lagos this month. World Stage Limited (WorldStage), a leading media group and […]
As sub-national governments intensify their drive for improved revenues, Lagos State collected N205,163,386,767.06, representing about 29.69 percent of the IGR collected by states internally in half year 2019. Despite the state’s huge revenue collections during the six-month period under review, Zamfara State topped the IGR table by ranking with total N7,210,062,254.23 generated, improving its IGR […]
L-R: Lagos State Governor, Mr. Babajide Sanwo-Olu; Managing Director of FMDQ Securities Exchange PLC, Mr Bola Onadele Koko and Acting Director General, Securities and Exchange Commission (SEC), Ms Mary Uduk, during the launching of Financial Centre for Sustainability in Lagos
The Lagos Inland Revenue Service (LIRS) has advised individual and corporate taxpayers in the state to explore the opportunities availed by its just launched Enterprise Tax Administration System (e-Tax) to pay their taxes and get real time, accurate information about their tax payment status on real time basis. The Chairman of the Service, Mr. Ayodele […]