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Analysis: Lagos State 2021 budget of N1.16 trillion will be driven by aggressive taxation

Lagos State thrives as the economic backbone of Nigeria and with its GDP rivaling African nations, it is no surprise that what happens in Lagos, affects Nigeria in its entirety.   Following the impact of the COVID-19 pandemic, Lagos State had quite naturally reduced its expectations for the year 2020. From a proposed budget of N1.169 trillion, the State reviewed it downwards by 21% to N920.5 billion – out of which it was still able to attain an overall performance of 86%. Total revenue alon...
Lagos State Sam Egbe Rabiu Olowo Lagos State Ministry Of Economic Planning Lagos State Internal Revenue Service World Bank

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