The Lagos state government has said it is putting measures in place to block revenue leakages and increase collection of non-taxable generated revenue from 18 to 40 percent.
To this effect, the state’s Office of Internal Audit in collaboration with University of Calgary has organised a five-day training On Revenue Systems Audit Of Non-Tax Internally Generated Revenue to boost capacity of officials in the state.
Speaking on the training which have 25 participants in attendance, Oyeyemi Ayoola, special adviser on Internal Audit disclosed that the aim of the training is to improve the non-taxable revenue from the present around 16 to 40 percent collection through the true oversights by the Internal auditors.
“In every system there are leakages, even in the system like the United States of America, they have leakages that is why they continue to improve in compliance, in inbuilt internal control to block leakage,” he said.
“Everybody that doesn’t want to pay will look for the loopholes. So, it is those loopholes that we’ll just look into and block.
“Ultimately, the aim is to improve the non-taxable revenue collection,…
