Lagos records N141.96bn revenue in Q1 2018 (Guardian)

Mr Olusegun Banjo, Lagos State Commissioner for Economic Planning and Budget, on Tuesday said the state recorded a revenue of N141.96 billion in the first quarter of 2018.

Banjo said this at the ongoing ministerial briefing to mark Gov. Akinwunmi Ambode’s third year in office at Alausa, Lagos.

Banjo said the figure represented an increase of 63 percent against the N124.14 billion achieved in the corresponding period of 2017.

According to him, the budget also recorded an increase of N17.82 billion over the 2017 figure.

Banjo said the state recorded N103.48 billion in absolute Terms and Internally Generated Revenue (TIGR) in 2018, representing an increase of 73 percent over N96.78 recorded in 2017. Read more