The Lagos State government yesterday, revealed that it has generated N127 billion as Internally Generated Revenue, IGR, in the first quarter of 2021, an increase from the N658 billion realised as of December 2020.
Commissioner for Finance, Rabiu Olowo, said this during a Ministerial briefing, held at Alausa, Ikeja, as part of activities to mark Governor Babajide Sanwo-Olu’s second year in office.
Olowo said: “No institution or organisation is immune to economic sabotage and leakages, but we are proactive enough to predict such sharp practices and minimise them.
“Our revenue trajectory and the trend shows that Lagos is very different from others. A few years ago, our monthly IGR was about N800 million, but 15 to 20 years later, we are talking about billions
