Lagos State Redesigns Nigeria And Provides The Future Fiscal Model [Video]

In this videocast, I discuss how Lagos State is providing the new fiscal planning model in Nigeria through its efficiency in collecting internal revenue. The state’s Internally Generated Revenue (IGR) was 169% of Federal Account allocation, meaning that the state generates more money from taxes, fees and others than what it receives from the federal government. Except 5 states of Ogun, Kwara, Edo, Delta and Rivers, Lagos had more IGR than 30 states. We do not have fiscal federalism in the constitution. But Lagos is showing the roadmap on how to get there before the National Assembly has a serious debate on it.