Skip to main content

Lagos Targets N1trn Yearly Budget In Two Years

The Lagos State government will reduce dependence on federal allocation and increase its Internally Generated Revenue (IGR) to N30bn monthly in 2017 and N50bn monthly in 2018, and hit a yearly budget of N1trn by 2018.

It also said it will scale up and run efficient revenue collection machinery through the convergence of operations of Ministries, Departments and Agencies (MDAs) and utilisation of cutting edge technologies.

This was disclosed at a four-day retreat for members of the State Executive Council, body of Permanent Secretaries and heads of government agencies and parastatals at the VIP Chalets in Badagry.

In a communiqué issued at the end of the retreat themed, Reflect, Reappraise, Restrategise: Raising the Bar of Governance, 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.


Speaking on the budget goal, Lagos State Commissioner for Economic Planning and Budget, Mr. Akinyemi Ashade, said though the target is ambitious, measures were being adopted to achieve it.

He said: "It requires thinking and what we are going to do differently is ensure that we use technology to drive it, in terms of automation and collection. What we are also going to ensure is that the whole reform around consumption taxes is taken to another level.

"The land administration system, the Geographic Information System (GIS), will support this initiative. We believe that once we are through with the automation of the processes, reform in the consumption tax administration in the state, and blocking of all loopholes, we will have the right funding to finance all these plans. And we will not forget one critical fact, which is that all is about Public Private Partnership because we are also going to use that to drive implementation of our plan."

http://odili.net/news/source/2016/jul/25/1.html
(Quote) (Report) 2 Likes (Like) (Share)
Post a Comment

Popular posts from this blog

FG and labor leaders to meet today over planned strike action against increased pump price

The Federal government, leaders of the Nigeria Labor Congress NLC ‎and Trade Union allies will be meeting today May 16th to discuss on the planned strike action by the Labor congress. The labor leaders on Saturday May 14th gave FG till midnight of Tuesday May 17th to revert to the old pup price of petrol of N86.50 or face a total strike that may begin on Wednesday May 18th.

The Federal government and Labor leaders' meeting will hold at the office of the Secretary to the Government of the Federation in Abuja by 10am..

Those expected at the meeting include Minister of Labor Chris Ngige, leaders of NLC, TUC, Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, and their Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN counterpart.

TRAGEDY IN GHANA-Police officer, pregnant wife, daughter perish in gory accident,new born baby survives

A Police officer, his pregnant wife, their 3-year-old daughter and their nephew died in a horrible accident on the Adabraka road Sunday dawn.

The Police officer identified as Sergeant Francis Essuman 42, with his nephew Kobby 21, and their daughter Wilhelmina 3, were accompanying his pregnant wife, Elizabeth Essuman, 36, to the hospital to deliver when the accident occurred.

According to Chief Inspector Lilly Rockson in an interview with Adom News said, the pregnant woman delivered a bouncing baby boy in the taxi half way to the hospital prompting them to panic.

In a bid to quickly get her to the hospital to avert any complications, the taxi driver was compelled to speed but ended up crushing into a Sprinter bus which was on top speed from Tudu in Accra.

Title-crazy civil servants to go

Title-crazy civil servants are scared of being sacked, The Nation learnt at the weekend. Officials, who violated the Public Service Rule banning titles until after retirement, may be retired in the coming civil service reforms.
Only those whose titles were traditionally inherited may be spared but their postings and conduct will be put under watch.
According to sources, the government is disturbed that most of the top civil servants with honorary awards actually bought them at high fees.
The affected civil servants violated the rules which grants them the right to such honors only after retirement.
Besides committing the resources of Ministries, Departments and Agencies (MDAS) to such awards, most of the civil servants used the window to “grant favour to groups, persons, and communities in violation of their oath of office.”