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Tag: Lagos State

Business

Lagos identifies 3,700 hectares of informal spaces across 1,700 locations

The Lagos State Commissioner for Physical Planning and Urban Development, Dr. Oluyinka Olumide, has revealed that more than 3,700 hectares of informal settlements and developments were identified across over 1,700 locations in the state as of December 2025. Olumide disclosed this on Friday during the 2026 Ministerial Press Briefing held in Lagos to mark Governor […]

Business

Lagos waste recovery facilities to create 5,000 new jobs

The Managing Director of the Lagos Waste Management Authority, Dr Muyiwa Gbadegesin, says new material recovery facilities being developed by the Lagos State Government will create about 5,000 jobs. Gbadegesin disclosed this in an interview with the News Agency of Nigeria while monitoring the monthly environmental sanitation exercise in Apapa on Saturday. He said the […]

Business

Lagos reports N80bn income from building permit applications

The Lagos State Government generated approximately N80 billion in revenue from building approval applications in 2025. The Commissioner for Physical Planning and Urban Development, Dr. Oluyinka Olumide, disclosed this on Friday during the 2026 Ministerial Briefing held in Lagos to mark the seventh anniversary of Governor Babajide Sanwo-Olu’s administration, according to The Punch. Explaining the […]

featured Food

Lagos food prices soar amid rising transport costs — Report

Food prices across major Lagos markets rose again in May 2026, reversing part of the broad-based relief observed in April as transportation costs, seasonal supply fluctuations, and rising logistics expenses affected staple commodities. The rise in major food staples is largely attributable to rising diesel and transport costs, as the price of fuel rose again […]

Economy

Cash outside banks drops ₦104bn after CBN rate cut

Cash held outside Nigeria’s banking system declined by N104.76 billion between February and April 2026 following the Central Bank of Nigeria’s decision to cut interest rates at its first Monetary Policy Committee meeting of the year, fresh data from the apex bank has shown. Figures obtained from the CBN’s money and credit statistics revealed that […]

IGR
featured Finance

Lagos revenue hit ₦2.6trn in 2025 — Commissioner

Lagos State recorded a total revenue of N2.6 trillion in 2025, marking a 16 per cent increase from the N2.3 trillion generated in 2024. The Commissioner for Finance, Abayomi Oluyomi, disclosed this figure on Friday during a press briefing held in Alausa, Ikeja, according to The PUNCH. The briefing formed part of activities commemorating the […]

Okomu Oil Palm reports N32.9bn pre-tax profit in 2023
Food

LASCOPA raises alarm over adulterated palm oil in Lagos markets

The Lagos State Consumer Protection Agency has raised concerns over the circulation of adulterated palm oil in Lagos markets following reports of contaminated products being sold to consumers. The agency, in a statement posted on Lagos State Government’s official X handle, said market surveillance and consumer complaints uncovered the sale of artificially enhanced palm oil […]

featured

DisCos warn Lagos against scrapping electricity band classification

Electricity distribution companies have criticised the Lagos State Government’s proposed move to eliminate electricity customer band classifications, warning that implementing the policy too soon could spark consumer backlash, deepen market inefficiencies, and increase the risk of power outages. Speaking anonymously because of the sensitivity of the issue, officials of the distribution firms described the state […]

Helth

FG commissions new veterinary centres in Lagos, Ogun

The Federal Government has completed and handed over new Veterinary Primary Health Centres in Lagos and Ogun states as part of efforts to improve livestock healthcare delivery. The centres are located in the Epe area of Lagos State and Ijebu Igbo in Ogun State. These centres form part of the Federal Ministry of Livestock Development’s […]

News

Lagos saves ₦118.32bn properties from fire outbreak in 2025

The Lagos State Government on Monday disclosed that properties valued at N118.32 billion were saved from fire incidents in 2025, while properties worth N19.72 billion were lost to various fire outbreaks across the State. Vanguard reported that the commissioner for Special Duties and Inter-Governmental Relations, Mr. Olugbenga Oyerinde, disclosed this during the 2026 ministerial press […]

Electricity

NDPHC pledges extra 1,500MW power boost for Lagos

The Managing Director and Chief Executive Officer of Niger Delta Power Holding Company, Engr. Jennifer Adighije, has said the company is ready to supply an additional 1,500 megawatts of electricity to Lagos. She disclosed this during a courtesy visit to the Managing Director and Chief Executive Officer of the Lagos State Electricity Regulatory Commission, Mrs […]

Policy and Regulations

Lagos bans petroleum tankers from edible oil distribution

Lagos has banned petroleum tankers from being used in the edible oil distribution chain to strengthen edible oil transportation safety, hygiene, and compliance standards. Nairametrics reported that the restriction is part of a broader framework under a Memorandum of Understanding signed between the Lagos State Consumer Protection Agency and key stakeholders in the sector, as […]

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