Race to govern Lagos begins Saturday as APC special interest groups endorse Ambode

Governor-Ambode

The race to govern Lagos, Nigeria’s economic capital, begins Saturday, September 29, 2018 as the state’s ruling party, the All Progressive Congress (APC), conducts primary election for contenders for the governorship position. Reports say several special interest groups in Lagos APC have already endorsed the candidacy of the incumbent, Akinwunmi Ambode, who is seeking reelection. […]

Nigeria’s privatization council approves advisers for concession of Lagos trade fair, 2 others

Nigeria's Privatisation Agency

The National Council on Privatisation (NCP) has approved the appointment of advisers for three transactions undertaken by the Bureau of Public Enterprises (BPE) for the current year (2018) as part of the reform strategy of the Federal Government. They are the partial commercialisation of the River Basin Development Authorities (RBDAs), partial commercialisation of the National […]

Lagos state monthly internally generated revenue now N34bn

The Lagos State Government said Monday that it had achieved an average monthly Internally Generated Revenue (IGR) of N34 billion in 2018. Akinyemi Ashade, the commissioner for finance, revealed this in Lagos, at an ongoing ministerial briefing to mark the third anniversary of Governor Akinwunmi Ambode in office. Ashade said that the 2018 revenue generation […]

Lagos seeks World Bank partnership in funding key projects

Akinwunmi Ambode, the governor of Lagos State, has called on the World Bank to seriously consider a partnership with the state government in funding key projects in transport, energy and water sectors, saying such collaboration would not only positively impact the economy of the state but the country at large. Speaking in Lagos during a […]

Lagos internally generated revenue hits N103.4bn in Q1 2018

The Lagos State Government Tuesday said its internally generated revenue (IGR) for the first quarter of the year 2018 stood at N103.476 billion as against N96.7 billion recorded in the previous year. The IGR figures, according to a statement, account for 81 percent of the total revenue of N141 billion generated in the quarter. Segun […]

5,800 SMEs get N4.9bn loans from Lagos State Employment Trust Fund

Akinwunmi Ambode, Lagos State Governor, presenting cheques worth over N1billion to about 705 beneficiaries of the Lagos State Employment Trust Fund (ETF) pilot scheme.

Akintunde Oyebode, the chief executive officer, Lagos State Employment Trust Fund said not less than 5,800 businesses have benefited approximately N4.9bn from the LSETF, set up by Akinwunmi Ambode, the state governor to lift businesses and unemployed residents in the state. Oyebode revealed this while speaking at the just concluded 2018 Social Media Week in Lagos. He […]