Lagos declares N103.5b IGR in first quarter
The Lagos State Commissioner for Economic Planning and Budget, Mr. Olusegun Banjo, has said that the state government recorded Internally-Generated Revenue (IGR) of about N103.5 billion for the first quarter of 2018 as against N96.8 billion generated last year.
Banjo stated this yesterday during the ongoing 2018 ministerial press briefing to commemorate the third anniversary of Governor Akinwunmi Ambode’s administration.
The IGR, which is about 57 per cent of the projected internally-generated revenue of the state, means the state government had a shortfall of 43 per cent for its IGR.
The state government had projected to internally generate N60 billion monthly to finance its budget but with N103.5 billion as its IGR, it means it was able to raise about N34 billion monthly.
Banjo added that the Lagos Internal Revenue Service (LIRS) generated N84.19 billion in first quarter of 2018, noting that the performance of LIRS in quarter one of 2018 is N9.64 billion more in absolute terms.
According to him, federal transfers contributed N38.5 billion into its revenue in the first quarter.
He further said that though the rebate provided in the payment of Land Use Charge would affect the state government projected revenue for the year 2018, but was optimistic that the loss would not significantly affect the budget implementation as the state government would device other means to generate revenue to make up the shortfall from Land Use Charge.
In another development, the Lagos State governor has enjoined Christian leaders in the nation to lend their voice to the call for greater participation in the political process to ensure emergence of the right people in leadership positions across the country.
Ambode said this yesterday while declaring open the 36th Council of Bishops, Methodist Church Nigeria, held at the Hoare’s Memorial Methodist Church Cathedral, Yaba, Lagos.
The governor, represented by his Special Adviser on Religious Matters, Rev. David Verrals, said it is very significant the council is holding at critical period in the nation’s democratic dispensation.
He said: “Given the enormous role religion plays in our lives and the influence wielded by religious leaders, you have very important role to play in admonishing Nigerians on the need to show high level of patriotism and eschew all tendencies that may result in chaos.”
He, therefore, charged the council members to use their position and the pulpit to teach sound doctrine that would promote peace and good conduct among the members of their congregation and their communities.
The Prelate of the church, His Eminence, Dr. Samuel Emeka Kanu Uche, who said the church would not renege on their binding duty to call government to order whenever they drift from their primary responsibilities to the people, urged for greater co-operation between the church and government to ensure a stable, consistent and progressive polity for the good of all Nigerians.
He also called on all members to fulfill their civil responsibilities by ensuring they pay their taxes and participate in the political process to enthrone good governance.
The cleric urged all citizens who have attained the age of 18 years to ensure they register and collect their Permanent Voter’s Card.
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