Lagos to Boost Revenue with Technology and Innovation
Governor of Lagos State, Babajide Sanwo-Olu
Governor Babajide Sanwo-Olu of Lagos State has announced plans to enhance the state’s revenue through technology-driven solutions. Speaking at the Eko Revenue Plus Summit in Lagos, the governor emphasized the need for innovative strategies to address fiscal challenges and create sustainable economic opportunities.
Eko Revenue Plus Summit: A Platform for Innovation
The two-day summit, anchored by consultancy firm Modo Ante in collaboration with the Lagos State Government, brought together policymakers and private sector stakeholders. Discussions focused on leveraging technology and innovation to optimize revenue generation and improve public service delivery. Modo Ante’s CEO, Bamijoko Okupe, highlighted the summit’s role in fostering partnerships for sustainable development. “The Eko Revenue Plus Summit has proven that when government and private sector stakeholders collaborate, the possibilities for revenue generation and sustainable development are limitless,” he stated.
Expanding Revenue Beyond Taxation
In his keynote address, Governor Sanwo-Olu advocated for diversifying revenue streams beyond traditional taxation. He identified key sectors with untapped potential, including real estate, waste management, and technology. Revenue generation in the 21st century requires a shift from traditional methods to a more data-centric approach. The Lagos example is a template that can be replicated across the country,” said the Special Adviser to the Governor on Taxation and Revenue, Abdul-Kabir Ogungbo.
Ogungbo detailed the state’s successes in widening the tax net and implementing data-driven policies to improve compliance. He highlighted the use of analytics tools to uncover untapped revenue sources, developed in partnership with private sector technology firms.
Innovation and collaboration are key to solving fiscal challenges and creating lasting value for the people — Bamijoko Okupe, CEO of Modo Ante
Technology as a Game Changer
Governor Sanwo-Olu reiterated the importance of technology in modern governance and revenue optimization. He noted the success of the Lagos State Unified Revenue Portal, which has simplified tax collection processes and improved transparency. The Lagos State Government has consistently demonstrated leadership in adopting cutting-edge technology to drive development and improve revenue collection, Sanwo-Olu stated.
Lagos State’s focus on technology and innovation offers a blueprint for other states to follow. By investing in modern tools and fostering private-sector partnerships, the government is creating opportunities for sustainable development and economic growth. As Nigerians, embracing technology-driven governance and holding leaders accountable for transparent revenue management will ensure long-term benefits for all citizens. Innovation and collaboration are key to solving fiscal challenges and creating lasting value for the people,” Okupe concluded.
