The Lagos State Government has said that it will no longer accept cash payment in revenue collection effective from March 1, noting that the new tax payment system would end revenue leakages in the state.
Rather than cash payment, the state government noted that the residents should henceforth pay their taxes through banks, WebPay, Paypoint and Unstructured Supplementary Service Data (USSD).
The state governor, Mr. Akinwunmi Ambode, unveiled the new system after paying his land use charge at Guaranty Trust Bank (GTB), Opebi Branch, Ikeja Monday.
He inaugurated the new channels alongside the Managing Director of GTB, Mr. Segun Agbaje, Chairman of Lagos State Internal revenue Service (LIRS), Mr. Ayo Subair and Special Adviser on Revenue and Tax, Mr. Fola Lasisi, among others.
After paying his land use charge, he said the state government introduced the payment channels in partnership with Interswitch Ltd, adding that the state government could not be promising prosperity in the future without investing in the future.