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 […]

Lagos truck dealers’ fear allayed as Visionscape seek collaboration

Fears of being discarded in the new Lagos waste management process tagged ‘Cleaner Lagos Initiative’ have been allayed as environmental utility company, Visionscape Sanitation Solutions (VSS), has resolved to collaborate with local truck dealers. The collaboration is apparently expected to bridge the gap of inadequate waste collection causing mass littering while convincing Lagosians it is […]

Lagos signs N1.046trn 2018 budget into law, targets N897bn revenue

Akinwunmi Ambode, Lagos State governor, Monday signed the state’s 2018 appropriation bill into law

Akinwunmi Ambode, Lagos State governor, Monday signed the state’s 2018 appropriation bill into law with a total budget size of N1.046 trillion, comprising N347.039 billion to be funded from the consolidated revenue fund, and N699, 082.243 billion from the development fund for both capital and recurrent expenditure for the year. Outlining the key components of […]