 As part of measures to harmonize tax administration, raise system efficiency and profile solution to challenges of multiple taxation, the Lagos State Government has signed a bilateral agreement with the Federal Government. Governor Babajideh Sauluk presided over the signing ceremony of a memorandum of understanding on collaboration between the Federal Inland Revenue Service, FIRS, and the Lagos State Internal Revenue Service, LIRS. Governor Sauluk disclosed that the MOU was aimed at establishing a joint tax audit system that would address duplication of efforts and facilitate exchange of data that are relevant to the enforcement of extant tax laws. The Governor observed that Nigeria has maintained an unimpressive tax to GDP ratio of between 6 to 8 percent, despite the yearly record-breaking turnovers by both FIRS and LIRS. The benefits that we see are citizens also getting, right, like we said, there's going to be a better cost reduction in tax administration, there's going to be better efficiency, we don't have to go on different inspections to different organizations or individuals. Data which is critical will be shared between the two of them. What do we see at the end of the day? We see a more efficient tax administration, we see a better GDP growth of Federal Government and the State Government, and eventually it is the citizens that benefit from it. Government will have a bit more resources to be able to do the things for which it has promised the citizens. Like I said, it will be clear, it will be obvious for everyone to see, and we can hold ourselves accountable. We know the practice in Nigeria, a lot of the high-net-worth individuals make a lot of their personal expenditure through their corporate accounts. Now the States are not empowered to look into their affairs of corporate entities. We can only look into their affairs of individuals, thereby the States lose a lot of revenue. This revenue is very important for the provision of critical infrastructure. There's a huge infrastructure gap in a state like Lagos where we have about 25 million people and the funding is quite limited. The State is really, really stretched. The good government of Mr. Babajide Sanwulu has a lot of good plans for the State, but without the funding it becomes difficult, you know, not just to provide infrastructure but also to provide qualitative services like, you know, education services, that of health, that is needed. Revenue to GDP currently is at 6%, and that's awful, the lowest in the world. We cannot be proud of that. The current national development plan's target is to grow it to 15% at least by 2025, and what we have done today is a step in the right direction. Like I did say a while ago, I am looking forward to other States joining in this good initiative so that it will be better for all of our citizens. Infrastructure is critical. You know, I live in Lagos, some presidential candidates live in Lagos, you know, they cannot afford to stay in their states because of lack of infrastructure. So and that is why we need to see other States, including Anambra, do this so that they can raise revenue and also develop their states.