LAGOS State Internal Revenue Service, LIRS, has said it planned to rake in N22 billion per month as internally generated revenue, IGR, even as it said it would start prosecuting tax defaulters any moment now. Chairman of LIRS, Mr. Babatunde Fowler, spoke during the presentation of awards to artisans in the informal sector and Abibatu Mogaji.
According to Fowler, the IGR on the average, two years ago, when audited, was N17.5 billion per month while the target was at least N22 billion per month in line with the budget passed by the state House of Assembly.
According to him “In line with the budget passed by the House of Assembly, the target is to generate at least N22 billion per month. The IGR on the average, two years ago, when they audited the account, was N17.5 billion per month. We are here today because the compliance rate in the market is close to 100 per cent.
“In the newspaper, we had published that we will prosecute the people who do not pay tax. That is a law that has been on but we have not enforced that law. But from this year, anyone who does not pay tax will be charged to court.
“The challenges that we face is that nobody wants to pay tax, not only in Nigeria but in the world all over. That is the major problem. But you can see what is happening to Lagos State, the governor is carrying out his vision and things are working. We have good roads, good schools, we have good security and others. All these come from tax payers’ money.”