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Home»Business»Lagos generated N25b during lockdown leveraging technology – LIRS
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Lagos generated N25b during lockdown leveraging technology – LIRS

The Eagle OnlineBy The Eagle OnlineJune 27, 2020No Comments
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The Lagos Inland Revenue Service says it generated a whooping N25 billion through taxation in April when there was total lockdown.

Rasheed Olu-Ajayi, Head, Information and Communication Technology of LIRS, disclosed this to the News Agency of Nigeria via an exclusive virtual conference on Zoom on Saturday.

Olu-Ajayi said the service was able to achieve the fit by leveraging on technology.

He said though the revenue invoked was not good enough, but it was better than starting from ground zero taking into cognisance the total lockdown.

According to him, business was very good due to automating processes.

Old-Ajayi said: “What we did was to have a business continuity plan by documenting product, events with which we continue to work.

“So, we invoked technology tools, with lots of our staff, working from home but chasing taxpayers.

“We were able to invoke a good amount of money, not a case of ground zero.

“Nobody envisages that there would be a time that the whole globe would be locked down and people would not be able to do anything.

“We were able to collect N25 billion in April when there was total lockdown.”

According to him, this is a good achievement.

Olu-Ajayi said LIRS, as an agency of the Lagos State Government, has the responsibility of collecting taxes and in some cases business development taxes.

He said that tax collection is primarily the agency’s assignment.

He said without tax collection, the development projects in education, road and easing of traffic congestion among others being executed by the state government would not have been possible.

He said that was why the LIRS thought outside the box by exploring ICT to achieve the fit in revenue generation during the total lockdown.

NAN.

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