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 […]
Lagos State Governor, Babajide Sanwo-Olu, on Wednesday presented a budget estimate of N1.388 trillion for the 2022 fiscal year to the State’s House of Assembly for consideration. Tagged ‘Budget of Consolidation’, the Appropriation Bill 2022 provided for a recurrent expenditure of N564.93 billion, representing 40.4 percent of the proposed budget while capital expenditure was put […]
The Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed, has described Nigeria’s recovery from the COVID-19 pandemic as encouraging, stressing that things are now looking up for the country in view of the recent trajectory by the economy. The minister, who made this remark during the opening ceremony of the 2021 Conference of […]
Stakeholders in the North Central zone on Thursday failed to agree on a new revenue sharing formula for the tiers of government with their recommendations ranging from 29% to 35% for state governments. The stakeholders, who shared their thoughts during the Public hearing of the current Revenue Allocation Formula (RAF) for the North Central Zone), organised […]
A member of the Lagos State House of Assembly, Hon. Setonji David, on Monday reiterated the state government’s determination to the implement the just signed Value Added Tax (VAT) Law in the state, despite last Friday’s Court of Appeal ruling for a stay of execution of a lower court order on the matter. The lawmaker […]
Lagos State House of Assembly on Thursday concluded its deliberations on Value Added Tax (VAT) Bill and the Anti-open Grazing Bill during plenary with a unanimous passage of the bills. Following the passage of the bills, the Speaker, Hon. Mudashiru Obasa, directed the Acting Clerk of the House, Olalekan Onafeko, to transmit clean copies to […]