Lagos To Generate 30 Billion Naria In 2017

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The Lagos State Government has said it will reduce dependence on federal allocation by increasing its Internally Generated Revenue (IGR) to a monthly target of 30 billion naira in 2017.

 

In a communique issued at the end of a four-day retreat for members of the State Executive Council, Body of Permanent Secretaries and Heads of Government Agencies and Parastatals in Badagry, Commissioner for Economic Planning and Budget, Akinyemi Ashade, described the target as ambitious.

 

He added that appropriate measures were being adopted to achieve the plan 

 

Ashade said that the IGR was expected to hit 50 billion naira monthly in 2018 and a yearly budget of 1 trillion naira in the same year.

 


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