August 27, 2024
By Samuel Ogunsona
The Chairman of the Joint Tax Board (JTB), Mr. Olusegun Phillip, has said policy intervention fuels Lagos revenue growth
Philip led a delegation of executive members on a courtesy visit to Governor Babajide Sanwo-Olu at the Lagos House, Ikeja.
During the visit, Phillip addressed a common misconception about Lagos’ revenue generation. He emphasized that the state’s financial success cannot be solely attributed to its sea ports or former capital status.
“Lagos’ revenue generation is a result of deliberate policies, strategic investment in technology, and human capital development,” Phillip stated.
He highlighted the professionalization of the state’s revenue authority, devoid of political interference, as a key factor in its financial achievements.
Phillip’s remarks underscore the importance of effective governance and innovative revenue strategies in driving economic growth.
Governor Sanwo-Olu welcomed the JTB delegation, acknowledging the significance of their visit and the shared goal of enhancing revenue generation for national development.
This visit marks a significant moment in the collaboration between Lagos State and the JTB, fostering a stronger partnership in taxation and revenue management.
However, setting the record straight, Phillip’s statement provides insight into the principles guiding Lagos’ financial success, offering valuable lessons for other states and governments.
