ADVANTAGES OF EBSRCM
- Increases the internally generated revenue base of Lagos state
- Provides easy administration, monitoring and co-ordination of all revenue activities in the state
- Assists to indentify fraudulent debit, diversion of funds and excess charges on the state accounts
The Lagos State Government has created a customized database infrastructure based on cutting-edge technology, which simplifies revenue collection and tax administration. The new system:
- Eliminates all sources of revenue leakage on all fronts especially through Taxpayers, Revenue officials, and Banks.
- Has created an online Database in respect of Taxpayers whose tax paying habits are monitored real-time.
- Is able to generate with a high degree of accuracy projected revenue of future periods from all sources.
- Is able to generate reports showing revenue distribution by revenue type and revenue agency.
- Is able to show distribution of revenue collected geographically.