• Friday, November 22, 2024
businessday logo

BusinessDay

Revenue: Lagos unveils new revenue portal, targets improved IGR

Lagos State targets N1.97trn IGR to finance 2025 budget

The Lagos State government has unveiled a new revenue payment e-payment platform tagged – Lagos Revenue Project (LRP). The portal is designed to enhance the efficiency and convenience of revenue collection.

The portal aggregates all bills and payments across the state’s ministries, departments, and agencies, providing a one-stop shop for residents to manage and pay their bills.

It allows for online payments through various channels, including card payments, bank transfers, USSD, POS, and QR codes, eliminating the need for physical visits to service points or bank branches.

Read also: Nascon sees first-half profit dips to N4.84bn despite revenue growth

The initiative is expected to aid further improvement in the internally generated revenue of the state government, as it simplifies the process of payment by residents and businesses operating in the state.

Speaking during a session with the media in Ikeja, Abdul-Kabir Opeyemi Ogungbo, special adviser on taxation to the state government, whose office is driving the initiating, said it was borne out of Governor Babajide Sanwo-Olu’s desire to make life easier for Lagosians.

The platform scheduled for official launch on August 15, 2024, by Governor Sanwo-Olu, will revolutionise the way bills are paid across the state, Ogungbo noted.

“The bill payment portal represents a significant leap towards modernising our bill payment collection system. It will streamline the collection process, making it more user-friendly, accessible, and secure for all Lagosians”, said Ogungbo.

He highlighted several features of the portal, including secure and seamless payment processing, instantaneous automated revenue receipts, and the ability to manage and print bills from the comfort of one’s home or office. The platform also offers easy payer registration, payment amendments, and reversal requests, which significantly reduces errors and disputes in the transaction process.

Read also: Mærsk posts $12.8bn unaudited revenue in quarter two

The portal also provides users with a comprehensive view of their payment history, accessible via both web and mobile application channels. This user-friendly platform is scalable and robust, allowing for seamless integration with current and future technologies while maintaining data privacy and integrity.

“The bill payment portal has been designed to safeguard payers’ money, ensuring that funds are directed to the appropriate government coffers for developmental projects. This is a significant step towards promoting transparency, efficiency, and growing revenue for the state”, the special adviser added.

SENIOR ANALYST - LABOUR/LAGOS STATE

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp