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Lagos Generates N287bn IGR in 2016 – Ambode

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  • Lagos Generated N287bn IGR in 2016

Lagos State Governor, Mr. Akinwunmi Ambode on Sunday hailed tax payers in the State for performing their civic obligations faithfully, saying the State recorded more Internally Generated Revenue (IGR) in 2016 than what was recorded in 2015 despite economic recession in the country.

As of December 16, 2016 the State had raked in N287bn IGR for the year under review as against N268.2bn generated in 2015.

Speaking at a special evening of music and camaraderie held at the Lagos House, Ikeja, to usher in the Yuletide season, Governor Ambode said the taxes paid by the people had been judiciously utilised to upgrade infrastructures and provide various services, just as he said Lagosians deserved to be appreciated for cooperating with government in that regard.

Speaking on the significance of the event which featured performances by array of evergreen musicians and was attended by top political leaders, captains of industries, media executives, professionals in various fields, members of the diplomatic corps, among others, Governor Ambode said the State Government was greatly appreciative of the contributions of the people to the growth of the State in the year under review, adding that the event was principally to appreciate them.

He said, “You wonder what it is that we are doing? We said it is an evening with the Governor but the truth is I just set this up to appreciate all of you and to say a big thank you. Yes, people have been saying that Lagos is working but Lagos is only working because of the people who are seated here.

“The tax payers are the ones giving us the little energy that we have and even when they say Nigeria is in recession, but somehow Lagos has been able to do it and it is because people are paying their taxes.

“The truth is that the people have been carrying out their civic obligations and somehow we have been returning those obligations with the services that we have provided and you found out that this year; we have actually made more IGR than last year under a recession.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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