La­gos to in­crease monthly IGR to N30b by 2017

Daily Trust - - NEWS - From Ya­haya Ibrahim, La­gos

The La­gos State Govern­ment yesterday an­nounced its readi­ness to re­duce de­pen­dence on fed­eral al­lo­ca­tion and in­crease the In­ter­nally Gen­er­ated Rev­enue (IGR) to N30 bil­lion monthly in 2017 and N50 bil­lion monthly in 2018.

The state also an­nounced an an­nual bud­get tar­get size of N1 tril­lion by 2018.

Ris­ing from a four-day re­treat for mem­bers of the State Ex­ec­u­tive Coun­cil, Body of Per­ma­nent Sec­re­taries and Heads of Govern­ment Agen­cies and Paras­tatals held at the VIP Chalets in Bada­gry un­der the theme, Re­flect, Reap­praise, Re-strate­gize: Rais­ing the Bar of Gov­er­nance, the State Govern­ment said it had re­solved to scale up and run ef­fi­cient rev­enue col­lec­tion ma­chin­ery through the con­ver­gence of the Min­istries, De­part­ments and Agen­cies’ op­er­a­tions and uti­liza­tion of cut­ting edge tech­nolo­gies.

In a com­mu­niqué on the re­treat jointly read to jour­nal­ists by the state Com­mis­sioner for In­for­ma­tion and Strat­egy, Mr Steve Ay­orinde; Com­mis­sioner for Eco­nomic Plan­ning and Bud­get, Mr Akinyemi Ashade and the Per­ma­nent Sec­re­tary in the Min­istry of In­for­ma­tion, Mr. Fola Adeyemi, the govern­ment said par­tic­i­pants in­ten­sively de­lib­er­ated on the six pil­lars of La­gos State De­vel­op­ment Plan (LSDP) which are in­fras­truc­tural de­vel­op­ment, sus­tain­able en­vi­ron­ment, fi­nance, eco­nomic de­vel­op­ment, so­cial de­vel­op­ment and se­cu­rity and gov­er­nance.

On the IGR plan, Ashade said though the tar­get was am­bi­tious, ap­pro­pri­ate mea­sures were be­ing adopted to achieve it.

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