Lagos Govt Records N400m IGR In June

Lagos state government has made about N400 billion as Internally Generated Revenue (IGR) as of June 2023.

VerseNews reports that the commissioner for Economic Planning and Budget, Ope George, stated this at the 2024 Budget Consultative Forum in Ikeja.

According to George, the government hopes to reach the target before the end of the year.

He said: “We have a good credit rating and good IGR which can help us attract the right set of investment and funding. So, we have to be very creative with our funding by ensuring it’s a mix of IGR and all the funding mechanisms. We’re looking at PPP’s, and being able to get nice concessions at the right rates.

“So I think we’re fortunate because we are going in the right direction and, hopefully, we can continue to build on that to attract the right investments and funding to be able to solo-fund our budgets and our projects.”