Lagos State Government yesterday concluded arrangements to increase collection of taxes from non-taxable Internally Generated Revenue (IGR) from 18 per cent to 40 per cent.
Special Adviser to the Lagos State Governor, Office of Internal Audit, Dr. Oyeyemi Ayoola, said this at the opening of a five-day training on Revenue Systems Audit of non-tax IGR, which, according to her, would enable officers learn cutting edge technologies in auditing and guarding against leakages in non-tax IGR.
The training was organised by the Office of Internal Audit, in collaboration with the University of Calgary (Haskayne School of Business) Alberta, Canada.
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Ayoola said: “As a state, we have THEMEs plus Agenda to achieve. For us to achieve this, we need revenue to execute the projects, hence the need to have upward review of the non-taxable IGR in the state.”
The Special Adviser on Taxation and Revenue, Abdulkabir Ogungbo, said the training was aimed at expanding the non-tax IGR base as well drive compliance of internal systems that would assist the state in achieving its target expenditure.
Permanent Secretary, Office of Internal Audit, Kikelomo Dawodu, said development was a catalyst in every endeavours of life, hence the need to ensure there was sufficient fund to keep Lagos running and put leakages to rest, in order to deliver better services to Lagosians.