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Tag: Lagos State Government

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Aviation regulators to assess Lekki airport site before construction – Sanwo-Olu

Lagos State Governor Babajide Sanwo-Olu has announced that aviation regulators will inspect the site of the proposed Lekki International Airport this week, marking a significant step toward commencing its construction. Governor Babajide Sanwo-Olu reaffirmed his administration’s commitment to the Lekki International Airport and other key infrastructure projects during his visit to Alaro City. In a […]

News

Lagos plans demolition of illegal buildings on Banana Island

The Lagos State Government has initiated a crackdown on illegal structures in Banana Island, commencing today, Monday, February 17, 2025. This action targets buildings that violate established building codes, pose safety hazards, or encroach upon unauthorized areas. The General Manager of the Lagos State Building Control Agency, Gbolahan Oki, made this disclosure at a stakeholders’ […]

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MAN calls for reopening of Lagos factories sealed by LASWARCO

The Manufacturers Association of Nigeria has urged Lagos State Governor Babajide Sanwo-Olu to intervene and reopen factories sealed by the Lagos State Water Regulatory Commission. These closures were reportedly due to alleged non-payment of water abstraction fees. In a statement on Friday, MAN described the closures as “unwarranted and ill-timed,” arguing that LASWARCO ignored ongoing […]

News

Lagos requires $33bn for energy generation expansion

The General Manager of the Lagos State Electricity Board, Kamaldeen Balogun, stated that Lagos requires an investment of $14 million to $33 billion by 2030 to develop its energy sector, covering transmission, distribution, and retailing. Balogun disclosed this during the 2024 Ralph Alabi Memorial Lecture and the induction of corporate engineering members by the Nigerian […]

News

Lagos needs $33bn investments in energy – Official

Ecosia and Qwant have announced a partnership to create a European search index, aiming to reduce their reliance on major U.S. tech companies like Google. The joint venture, named the European Search Perspective, will be equally owned by both companies, according to CNBC. Scheduled for launch in France in early 2025, the initiative will focus […]

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Lekki deep sea port crucial to Lagos trade – Sanwo-Olu

Lagos State Governor, Babajide Sanwo-Olu, has described the Lekki Deep Sea Port as a key part of his administration’s plan to make Lagos the leading commercial hub in West Africa. At the closing ceremony of the 2024 Lagos International Trade Fair, Sanwo-Olu emphasized the state’s determination to take full advantage of the African Continental Free […]

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Lagos, developers meet over distressed buildings redesign

The Lagos State Government has announced plans to hold a meeting with developers and owners of distressed buildings to discuss strategies for redesigning and remodeling these structures by November. Commissioner for Physical Planning and Urban Development, Oluyinka Olumide, shared this update during a recent event in Alahusa, Lagos, according to The Punch. He expressed concern […]

News

Lagos pledges technical support to distressed building owners, developers

The Lagos State Government has unveiled plans to assist developers and property owners in tackling the increasing problem of distressed buildings. The Commissioner for Physical Planning and Urban Development, Dr. Oluyinka Olumide, disclosed this in a statement released by the Deputy Director of the ministry’s Public Affairs Unit, Mukaila Sanusi, on Sunday, according to Nairametrics. […]

News

Lagos extends amnesty for building permit compliance to Dec. 31

The Lagos State Government has announced an extension of the amnesty period for owners and developers of buildings lacking Planning Permits, now set to expire on December 31, 2024. Governor Babajide Sanwo-Olu made this disclosure at the recent Lagos Physical Planning Summit held at Eko Hotels and Suites via the official X account of Lagos […]

News

Legal challenges could delay N102bn Lekki airport project

The Lagos State Government’s plan to build a new airport to complement Murtala Muhammed Airport may face legal challenges due to an existing agreement prohibiting such construction. This agreement is between Bi-Courtney Aviation Services Limited and the Federal Government, according to The Punch. Governor Babajide Sanwo-Olu recently met with officials from the Nigeria Civil Aviation […]

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Lagos to introduce tax incentives for startups in innovation bill

The Lagos State Government has announced plans to offer tax incentives and other benefits to startups operating within the state, as part of its forthcoming Innovation Bill. This key legislative initiative aims to accelerate the growth of startups and enhance the ease of doing business in Lagos. This was disclosed by the Lagos State Commissioner […]

News

Lagos targets $3m investment for startups at GITEX global 2024

The Lagos State Government announced its aims to secure $2 to $3 million in investments for Nigerian startups at GITEX Global 2024 in Dubai. This was disclosed by the Commissioner for Innovation, Science, and Technology, Mr. Tunbosun Alake, in a recent interview, referencing the success of Nigerian startups at last year’s event, according to Nairametrics. […]