What do you believe is the single most important factor driving up the cost of living in Nigeria?

Data from the National Bureau of Statistics showed that as of the half year 2023, Lagos recorded N400bn in internally generated revenue.

The Chief Executive Officer of Modo Ante, Joko Okupe, commenting on the summit, 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.”

He stated that several sectors hold untapped potential for revenue growth in Lagos State, but the focus would be strong on how the income streams of existing revenue generation of Government entities could be enhanced and how ‘new money’ could be generated.

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“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 IGR of about N2.73tn.

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