JRB Launches N1.7 Trillion Revenue Growth Blueprint for Lagos

The Joint Revenue Board (JRB) unveiled a blueprint aimed at achieving a N1.7 trillion revenue growth for Lagos State by 2025 during a gala night that marked the conclusion of its 159th meeting. Ayodel Subair, the chairman of the Lagos State Internal Revenue Service, highlighted the importance of maintaining an independent tax authority to drive fiscal growth and ensure effective service delivery without political interference.

He noted that Lagos State's revenue model should serve as a template for broader reforms across Nigeria. Olusegun Adesokan, the JRB executive secretary, emphasized the need for states to replicate this model while resisting the temptation to use revenue boards for patronage.

The event brought together tax administrators and revenue stakeholders from across the country to discuss strategies for enhancing compliance and delivering dividends to citizens. The current administration under President Bola Ahmed Tinubu is recognized for granting operational autonomy to the Lagos State Internal Revenue Service, which is crucial for the state's financial independence.