The Lagos State Government has rectified a six-year-old basic salary error in the pay of civil servants across the state as part of its sustained efforts to improve the socioeconomic well-being of public servants in the state. The initiative, which was announced on the official Lagos State Government’s handle on X, will reflect in the […]
Lagos State Government has unfolded plans to establish a commercial airline business as it prepares for the groundbreaking of the construction of its own airport in Lekki axis of the state. Governor Babajide Sanwo-Olu disclosed the plan on Thursday at the Lagos West Senatorial District People’s Town Hall Meeting, where he highlighted the achievements of […]
The Lagos State Government has announced the raising of N134.8 billion in long-tenure bonds to finance infrastructure projects in electricity and other key sectors in the state The State Governor, Babajide Sanwo-Olu, who made the disclosure late Tuesday via his official Twitter account, expressed optimism that the investment would boost the short- and long-term development […]
Apparently determined to raise more funds for sustainable growth, the Lagos State Government has listed a N137, 328,000,000 series IV bond on the Nigerian Stock Exchange (NGX). The listing, which was reflected in a notice by the exchange in its weekly report of activities on the market, indicated that the bond is a 10-Year 13.00 per […]
….as FIRS, LIRS sign MoU on joint tax audit, investigation Lagos State Governor, Mr. Babajide Sanwo-Olu, has stressed the need for all revenue agencies in the country to work together by widening the tax net to raise the country’s tax to GDP ratio. The governor gave this charge on Monday during the […]
The Lagos State House of Assembly on Monday passed a N1,768,014,155,285 as the proposed budget for 2023 A breakdown of the passed Appropriation Bill indicated that the sum of N748,096,508,571 was proposed as recurrent expenditure and N1,019,917,646,713 as capital expenditure for the 2023 fiscal year. A further analysis of the figures as they relate to […]
The Executive Chairman of the Lagos State Internal Revenue Service (LIRS), Mr Ayodele Subair has been conferred with the ‘Most Innovative CEO of The Year Award 2022’ by the New Telegraph newspapers. The New Telegraph Newspapers, organizers of the award explained that Subair was honoured for his landmark strides since he became the LIRS Executive […]
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, has charged African governments to begin to rethink governance, engender public confidence and trust in government by providing value for taxpayers’ money in line with their obligations under their social contract with citizens. The seasoned tax administrator, who made this call made in […]
Lagos State Governor, Babajide Sanwo-Olu, on Thursday disclosed that his administration had inaugurated more than 15 housing projects and 3,526 housing units since he assumed office in 2019. Sanwo-Olu, who gave these figures at the 2nd Stakeholders’ Summit of the Real Estate Developers Association of Nigeria (REDAN), Lagos State Chapter, held in Lagos said that […]
Lagos State Waste Management Authority (LAWMA) has increased the tariff charges for waste disposal by 100% in the state, attributing the hike to increase in diesel price and devaluation of the Nigerian currency. The latest hike in waste disposal was conveyed in letters sent to residents of the states on Monday by the third-party company […]