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Lawmakers seek enhancement of revenue collection law

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The Lagos State House of Assembly has disclosed that its decision to review the state’s revenue collection law is aimed at enhancing and boosting the revenue generating capacity of the state so that it would impact positively on the lives of Lagosians.

Speaking at the public hearing heralding the review of the law, Chairman, House Committee on Finance, Lagos State House of Assembly, Mrs. Adefunmilayo Tejuoso, said when concluded, the law will provide for the administration and collection of revenue due to the state and local government authorities.

Tejuoso highlighted the need for every individual in the state to perform his/her civic responsibilities through regular payment of taxes, saying that the provision of essential infrastructure and other basic amenities that would make life easier for the people can only be achieved when the people reciprocate government gesture by paying their taxes.

The leader of the House, Dr. Ajibayo Adeyeye, who stood in for the Speaker, Adeyemi Ikuforiji, said the bill when eventually passed into law, will make revenue collection drive of the state more efficient, and consequently transform and touch lives of every Lagosian.

Also speaking, Sanai Agunbiade, said the bill seeks to ensure probity and accountability while putting necessary machinery for tax collection and other levies in proper perspective through administrative re-structuring as well as create a body that will be in charge of tax assessment in collaboration with the local government representatives in place.

Mr. Mashuud Fashola, a lecturer at the Department of Economics, University of Lagos, commended both the executive and the legislative arms for deeming it necessary to propose a better way for revenue administration and collection in the state but pointed out some areas that can be improved upon in the bill, which was promised to be looked at by the legislators.

The Attorney-General and Commissioner for Justice, Mr. Ade-Ipaye explained that the new addendum to the bill that borders on estates and probates, ismeant  to improve the practicability  of the revenue collection and administration in the state, while not undermining its workability in all ramifications when it is eventually passed into law.

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