• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Ease Of Doing Business In Lagos Helped LIRS Generate N24 billion In January

Editor by Editor
March 9, 2016
in Business News
Share on FacebookShare on TwitterShare on Linkedin

Lagos state Finance Commissioner, Mustapha Akinkunmi, has revealed that the Lagos Internal Revenue Service (LIRS) generated N24.5 billion as the state’s internally generated revenue in January.

He disclosed this at a media briefing ahead off the state’s tax reforms lunch, where he said the amount generated was just 2 percent short of the target for the month, and also a 12 percent rise in comparison with the amount generated in January last year.

He said: “This equated to 56 percent of the state’s total revenue, including Federal Transfers. The total revenue achieved in 2015 was just short of N400 billion and is expected to continue growing, driven by strong tax collection. This administration has been able to make significant investment in security apparatus across the state and has provided street-lighting across the state. We are reducing costs through investment in technology which is a powerful tool for cost reduction through efficient administration,” he said.

According to the Executive Chairman of LIRS, Olufolarin Ogunsanwo, the agency has initiated reforms that would improve the ease of doing business in the state which has helped boost voluntary tax compliance. He also said that people in the informal sector would start to pay tax in order to boost the income, adding that the tax returns Form had been reduced to two pages as against the six pages document hitherto in operation.

RelatedStories

Debola Deji-Kurunmi

Tech is no longer a sector, but an enabler to any sector – Debola Deji-Kurunm 

December 2, 2024
Essential soft skills that will help you succeed in your business

Three high-income skills to learn for free without a degree in 2024

August 31, 2024

Read more in The Nation

Tags: ease of doing businessTech
Editor

Editor

Related Posts

Debola Deji-Kurunmi
Sectors

Tech is no longer a sector, but an enabler to any sector – Debola Deji-Kurunm 

December 2, 2024
Essential soft skills that will help you succeed in your business
Career tips

Three high-income skills to learn for free without a degree in 2024

August 31, 2024
Germany’s GIZ launches funding scheme for startups in Nigeria
Sectors

African startups raise $420 million in July 2024, cross $1 billion year-to-date

August 6, 2024
Felix Tshisekedi
Business News

DRC President Rates Russia and China over the West in Transparency and Ease of Doing Business

May 6, 2024
Interswitch
Corporate Updates

Nigerian Revenue Summit: Fostering growth, transparency, and collaboration in the digital age

October 18, 2023
2023 Lagos Development Pipeline Report Retail Overview: What is inhibiting the growth of the retail sector?
Sectors

Nigeria’s MSMEs turn to technology as cost of business toughens – Expert

May 8, 2023
Next Post
Nigeria GDP Report: These Are The Sectors To Invest In That Are Still Growing

Nigeria GDP Report: These Are The Sectors To Invest In That Are Still Growing

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Ekiti State opens job applications for Agro-Allied International Cargo Airport operations 
  • Nigeria Immigration Service receives tech tools from Dutch Government to boost migration control 
  • Most expensive African countries to rent a home in 2025 

Follow us on social media:

Recent News

Ekiti State opens job applications for Agro-Allied International Cargo Airport operations 

Ekiti State opens job applications for Agro-Allied International Cargo Airport operations 

June 24, 2025
Nigeria Immigration Service receives tech tools from Dutch Government to boost migration control 

Nigeria Immigration Service receives tech tools from Dutch Government to boost migration control 

June 24, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics