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Dangote Refinery loses N32.5bn after petrol price cut

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Tag: Lagos State Government

FG revokes housing allocations for 1,357 beneficiaries
Business

Lagos cracks down on unapproved estate developments

The Lagos State Government has issued a final warning to estate developers operating without approved layout plans. Commissioner for Physical Planning and Urban Development, Dr. Oluyinka Olumide, delivered the notice during a recent on-the-spot enforcement and sensitisation tour across the Eti-Osa corridor, noting that the ultimatum follows the expiration of an earlier grace period given […]

Business

Sanwo-Olu to commission Nigeria’s largest safety footwear factory

Lagos State Governor Babajide Sanwo-Olu is scheduled to commission Nigeria’s largest safety footwear manufacturing plant, owned by Yikodeen Company Limited — a major step forward for local production and industrial development. According to a statement on Monday, Yikodeen will officially unveil its newly expanded, state-of-the-art facility in Lagos. It stated, “The commissioning ceremony, scheduled for […]

Business

Lagos secures $22m FDI to expand fibre optic network

The Lagos State Government has secured a $22 million foreign direct investment aimed at expanding its fibre optic infrastructure to enhance smart connectivity and digital growth. This development was shared on Monday by the Special Adviser to the Governor on Infrastructure, Engr. Olufemi Daramola, during a ministerial press briefing marking the second anniversary of Governor […]

Business

Lagos insists on valid planning permits for all construction projects

The Lagos State Government, through the Lagos State Physical Planning Permit Authority has emphasized the necessity for property owners, developers, and residents to obtain valid planning permits for all construction and development projects. This reminder was issued by LASPPPA’s General Manager, Kehinde Osinaike, who stressed the importance of securing the appropriate permits before commencing any […]

Lagos bans night construction, sets 6pm deadline for daily work
News

Lagos bans night construction, sets 6pm deadline for daily work

In a decisive move to curb building collapse and safeguard public health, the Lagos State Government has banned all construction activities after 6:00 p.m. across the state. Construction work is now restricted to between 7:00 a.m. and 6:00 p.m., Monday through Saturday. The announcement was made on Thursday by the Commissioner for Physical Planning and […]

News

Lagos adds 3,941 new parking slots to combat traffic congestion

The Lagos State Government has added 3,941 new parking slots at key locations across the state to help tackle traffic congestion. This was announced by the Commissioner for Transportation, Mr. Oluwaseun Osiyemi, during the Y2025 Ministerial Press Briefing, marking the second year of Governor Babajide Sanwo-Olu’s second term in office. Osiyemi explained that the initiative […]

News

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’ […]

News

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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