The government added that it determined to capture the 3.5 million tax evaders in the state’s tax net while lamenting the continual decline in allocations from the federal government and dwindling oil price in the international market.
The Chairman of the Lagos Internal Revenue Service, LIRS, Mr. Olufolarin Ogunsanwo, disclosed this in a statement issued after a meeting with the agency’s staff, stressing the need to capture more people in the state’s tax net so that its internally generated revenue (IGR) could be used to cushion the effect of the shortfall.
He pointed out that the state “has eight million taxable Lagosians. But only 4.5 million are so far captured in the tax net of the state government, which means about 3.5 million Lagosians are still tax evaders.
“We will ensure that those who are yet to be captured in the state’s tax net will be brought in. I can assure you that within the next six months the IGR of the state will have increased proportionately,” Ogunsanwo said.
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