Lagos State has achieved a remarkable financial milestone by becoming the first subnational entity in Nigeria to generate N1 trillion in annual Internally Generated Revenue, a dramatic leap from the monthly N500 million collected before 2005. Dr Ayodele Subair, Executive Chairman of the Lagos State Internal Revenue Service, attributes this exponential growth to strategic investments in digital infrastructure, automated processes, and robust data governance systems that have revolutionized tax collection across the region.
Speaking at the Chief Information Officer and C-Suite Conference and Awards Africa 2025 in Victoria Island, Subair emphasized that the transformation extends beyond mere automation to encompass accountability and transparency through the Enterprise Tax Management System. The platform integrates registration, assessment, filing, and payment functions while positioning Lagos to harness emerging technologies like Artificial Intelligence for future fiscal innovation.
Conference organizers highlighted how the event brought together technology leaders, regulators, and industry experts to explore digital taxation strategies across the African continent, celebrating innovators who are leveraging technology to reshape economic systems and governance frameworks throughout the region.
Speaking at the Chief Information Officer and C-Suite Conference and Awards Africa 2025 in Victoria Island, Subair emphasized that the transformation extends beyond mere automation to encompass accountability and transparency through the Enterprise Tax Management System. The platform integrates registration, assessment, filing, and payment functions while positioning Lagos to harness emerging technologies like Artificial Intelligence for future fiscal innovation.
Conference organizers highlighted how the event brought together technology leaders, regulators, and industry experts to explore digital taxation strategies across the African continent, celebrating innovators who are leveraging technology to reshape economic systems and governance frameworks throughout the region.
