Oyedele Shows How Lagos State Can Double Tax Revenue By Taxing Skitmakers, Content Creators, Others

Lagos state is not generating sufficient revenue to match the volume of commercial activities that happen in the state.

This is according to the Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele.

While giving the keynote address titled; ‘Bridging the Revenue Gap in Lagos: Innovative Pathways to Enhanced Revenue Mobilisation’ at the official launch of the Lagos Economic Development Update (LEDU) 2025 in Lagos, Oyedele noted that given the Lagos state Gross Domestic Product (GDP), the state should be collecting more revenue to match the plans ahead.

Oyedele also recommended that the government consider formalizing property taxation to improve revenue generation.

The tax reform chairman also urged the government to formalize revenue collection from the informal sector, including digital entrepreneurs like content creators, skit makers, and others.

He noted that this would require bold action from the state government.