Business
Lagos State Plans to Tax Remote Workers to Boost Revenue to N5 Trillion
The Lagos State government has unveiled a plan to impose taxes on remote workers, aiming to generate approximately N200 billion from the digital sector and other revenue sources.
This initiative is part of a broader strategy outlined in a recent document released at the Eko Revenue Plus Summit.
The government’s objective is to boost Lagos State’s internally generated revenue (IGR) to N5 trillion during the current administration.
Achieving this ambitious goal requires a multifaceted approach that includes harnessing technology, enhancing tax administration, broadening the tax base, and exploring new sources of revenue, particularly within the digital ecosystem.
The strategy also involves optimizing existing processes and seeking innovative non-tax revenue opportunities.
In recent years, Lagos has consistently led in IGR performance. According to the National Bureau of Statistics, the state achieved the highest internal revenue collection in 2022, totaling N651 billion.
This new plan reflects the government’s commitment to leveraging technological advancements and expanding revenue streams to sustain and grow its financial resources.
Since Uber exited Nigeria, rumours have been circulating over why the company left the country. One of the claims suggested that FAAN was part of the reason for the exit.
The Federal Airports Authority of Nigeria (FAAN) has now addressed the rumours and claims of its involvement in Uber’s decision to leave Nigeria.
FAAN said it could not speak for Uber’s decision, noting that the company likely had its own economic and regulatory considerations for leaving Nigeria.
FAAN’s Managing Director, Olubunmi Kuku, said “I can’t speak to Uber’s exit from Nigeria. I am sure they have their own economic and regulatory decisions as to why they chose to exit.”
The Federal Government trains 500 women and youths in food production and agriculture. The programme was started to support food security.
The Federal Ministry of Agriculture and Food Security partnered with the National Horticultural Research Institute (NIHORT).
The women and youths were taught tomato, okra and Telfairia production techniques. The government believes this will help boost agriculture, improve food production and strengthen the economy in Ogun State.
According to reports, fuel stations are reducing their prices a bit. This has become a general thing around Nigeria after the spike due to the removal of subsidy.
The prices are dropping to ₦1,275 and ₦1,299, going lower than ₦1,300 compared to what it was before.
Ciara Announces Fifth Pregnancy With Husband Russell Wilson
Pete Edochie Explains Why He Chooses to Believe in Jesus
Yahoo Boys Should Not Give Offerings From Fraud Proceeds – David Ibiyeomie
-
Entertainment14 hours agoCiara Announces Fifth Pregnancy With Husband Russell Wilson
-
Sport21 hours agoHarry Kane Speaks on Ballon d’Or Hopes Ahead of 2026 Award
-
News20 hours agoFCCPC to Find Out Why Uber Exited Nigeria Amid Consumer Concerns
-
Entertainment20 hours agoRegina Daniels Sparks Reactions After Being Seen at Ned Nwoko’s House
-
Entertainment21 hours ago“Your Case Na Dead on Arrival” – Lizzy Anjorin Reacts to Court Order
-
Entertainment20 hours agoYahoo Boys Should Not Give Offerings From Fraud Proceeds – David Ibiyeomie
-
Entertainment14 hours agoPete Edochie Explains Why He Chooses to Believe in Jesus