Nigeria, May 13 -- Lagos State Government has announced a record N1.3 trillion in Internally Generated Revenue (IGR) in 2024, which is a 45 per cent increase from 2023.

However, this economic surge stands in complete contrast to worsening poverty in the city's slums, where millions still lack access to basic services.

At a ministerial press briefing in Ikeja on Monday, the Commissioner for Finance, Abayomi Oluyomi, said the state had already collected N333 billion in IGR for 2025.

He noted that N14 billion came from the Land Use Charge, reflecting a 37 per cent increase in property tax revenue.

He stated that the administration of Governor Babajide Sanwo-Olu enumerated over 800,000 properties and expanded payment options to include PO...