Heirs of a Heritage

£9.99

Heirs of a Heritage

Unconventional leadership strategies in Lagos

Public finance and taxation

Author: James Awam

Dinosaur mascot

Language: English

Published by: The James & Solomons Company

Published on: 1st December 2014

Format: LCP-protected ePub

Size: 334 pages

ISBN: 9780986271618


Introduction to Lagos' Transformation

Lagos, Nigeria is the engine driving the nation's astonishing transformation into a modern, fully-functioning democracy. The megacity is host to nearly 20 million people and in the last 15 years, Lagos State has become one of the only subnational governments to be financially self-sufficient from the federal government's monthly allocations.

New Sources of Funding

The new source of funding is a historically-neglected resource in Nigeria: the people. With the development of a modern tax administration, Lagos State has begun to chart a course of stable progress never before seen in Nigeria.

Public Projects and Sustainability

Public projects to improve mass transport, infrastructure, and important social services have been funded largely by tax revenues instead of oil revenues, creating a much more sustainable government budget that does not rely on the volatile prices of exchange on the international market.

Community Impact

Lagosians from all walks of life have been witness to these changes around the city, sharing stories of the government's new focus on addressing the needs of the people. With a robust commercial environment and the lowest rates of poverty in Nigeria, Lagos has begun to unlock the people's potential to improve their lives and their businesses.

Leadership and Future Outlook

Dr. William Babatunde Fowler and his team at the Lagos State Internal Revenue Service have strategically employed tax reform to reconnect Lagosians with their rightful heritage as Nigerians. A bright future full of opportunity has arrived for the people of Lagos, funded almost entirely by their personal contributions to the megacity vision.

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