Lagos generates over N1.7trn IGR in 2025 – Sanwo-Olu

Lagos State recorded much than N1.7 trillion successful internally generated revenue, IGR, successful 2025, further consolidating its presumption arsenic Nigeria’s highest revenue-generating authorities and mounting a gait for others to emulate.

Governor Babajide Sanwo-Olu disclosed this connected Wednesday during a gathering of the Joint Revenue Board successful Lagos, wherever helium urged authorities governments to fortify their Internal Revenue Services to amended gross mobilisation and enactment development.

The 2025 fig represents a 39 per cent summation from the N1.2 trillion generated successful 2024, reflecting dependable maturation driven by reforms, integer transformation, and improved taxation compliance.

Sanwo-Olu attributed the show to deliberate policies that assistance gross agencies operational independence, capable funding, and organization support.

“It is lone erstwhile you springiness gross agencies what they request and let them to enactment independently that you tin afloat harness their expertise,” helium said.

He explained that Lagos’ gross enlargement has been underpinned by investments successful integer taxation infrastructure, widening of the taxation base, and initiatives aimed astatine strengthening nationalist assurance successful the system, noting that IGR present constitutes a important stock of the state’s budget.

According to the governor, the improved gross illustration has enabled the authorities to money cardinal infrastructure and societal programmes nether its THEMES+ agenda, ...