Arrangements have reached an advanced stage for the Eko Revenue Plus Summit, an event to galvanise stakeholders towards increasing Lagos State’s internally generated revenue (IGR) to N5 trillion by 2027.
Modo Ante, a pioneer of Governance, Public Sector & Political Consultancy, is putting together the summit scheduled for September 25-26, 2024, at the Eko Hotel and Towers.
This high-powered event, which will be a convergence of business leaders, industry experts and government officials, aims to explore innovative strategies to shore up the state’s revenue.
The summit aims to unlock new streams of revenue for the State to fast-track socio-economic development.
It is a crucial step towards harnessing the full potential of Lagos State.
CEO of Modo Ante, the Organizers of the Summit, Joko Okupe, said, “By leveraging technology and innovation, we can unlock ‘new money’ that will enhance Lagos State’s ability to provide better social amenities and economic opportunities for Lagosians”
Speaking further, he stated that there are several sectors holding untapped potential for revenue growth in Lagos State, but the focus will be strong on how the income streams of existing revenue generation of Government entities can be enhanced and how “new money” can be generated.
By new money, he meant revenues that erstwhile do not exist.
“Working closely with the Special Adviser to the Governor on Taxation & Revenue and his team, we have identified five core sectors of the State’s economy with the potential for additional revenue to help generate extra (Plus) IGR of about N2.73 trillion.
“These sectors, in order of priority, are Property, Digital Economy, Informal Sector, Energy Sector and Circular Economy, with The Energy Sector as a support pillar for the other four sectors and a catalyst for the general economic development in any environment, for that matter.”
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