The Lagos state has announced that it is increasing revenue by N200 billion per year by adding influencers and freelancers into its income tax net.

Lagos summit will analyse methods to make better the state's financial capacity and revenue collection through the use of digital technology.

This project, which aims to rake in five trillion naira for the state's internal income, will be the main topic of discussion at the upcoming "EKO Revenue Plus Summit," which will be held on September 25 and 26, 2024.

The government said, “We have identified four core sub-sectors of the state’s economy, with the potential for additional revenue generation to help us achieve an additional IGR of about N2.73 trillion.

“The identified sub-sectors in order of priority are property, digital economy, informal sector and circular economy.

"These sub-sectors are complimented with energy and IPPs, being a support pillar for the four major sub-sectors and a catalyst for general economic development of the state.”

A resident global digital citizen tax management system is one of these sectors that Lagos state plans to develop in the digital economy.

The technology will target gig workers, independent contractors, influencers, sharing economy operators, and remote workers for international companies.