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Lagos ranked first in Nigeria’s ease of doing business

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Lagos ranked first in Nigeria’s ease of doing business ranking

Lagos State, Nigeria’s commercial capital, has ranked as the country’s top subnational performer in ease of doing business, according to a new nationwide assessment of business environments. The report was presented in Abuja on Friday, March 28, at the Reform and Diplomatic Roundtable 2026, hosted by the Presidential Enabling Business Environment Council in partnership with […]

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Lagos approves 13% fare increase for all bus services

The Lagos State Government has authorized a 13 per cent fare hike for all services under the Bus Reform Initiative, covering both the Bus Rapid Transit system and conventional bus routes across the state. Governor Babajide Sanwo-Olu approved the increase following a heartfelt appeal from licensed public transport operators, who cited growing economic pressures jeopardizing […]

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Lagos shuts Ladipo market over environmental violations

The Lagos State Government has closed the Ladipo Spare Parts Market on Murtala Muhammed International Airport Road along the Apapa–Oshodi Expressway due to repeated environmental violations. Commissioner for Environment and Water Resources, Tokunbo Wahab, announced the closure in a post on X on Sunday. The move is part of the state’s ongoing efforts to tackle […]

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Lagos halts demolition in Makoko amid public outcry

The Lagos State House of Assembly has ordered an immediate suspension of demolition activities in the Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and rising public concern. The directive was announced on Tuesday by the chairman of an ad hoc committee constituted by Speaker Mudashiru Obasa, Noheem Adams, during a stakeholders’ […]

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Lagos moves to register, formalise informal land assets

Lagos State has unveiled a statewide program to identify, register, and formalise informal land holdings valued at around N3 trillion. The initiative seeks to prevent land misuse, unlock untapped economic potential, and enhance internally generated revenue by incorporating previously undocumented land into the formal system. A statement on the state government’s official X account on […]

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Lagos unveils first phase of Lekki–Epe bus reform initiative

Lagos is set to begin regulated bus services on the Lekki–Epe corridor on December 8, introducing 229 high- and medium-capacity buses as part of the first phase of its new transit reform initiative. The Lagos Metropolitan Area Transport Authority announced on Tuesday that this rollout represents the initial stage of the Lekki–Epe Bus Reform Scheme. […]

Foreign airlines increase airfare by 20%
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Lagos records 18,273 international tourists in 2024

The Lagos State Government reported 18,273 international tourist arrivals in 2024, an increase from 16,798 in 2023 and 14,357 in 2022. The figures were disclosed on Tuesday in Ikeja during a Public Policy Engagement Session with ministries and agencies from the entertainment and tourism sectors, according to NAN. The session was organised by the Policy […]

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Lagos attracted $6bn foreign funding for tech startups – Sanwo-Olu

Lagos State attracted over $6 billion in foreign funding for tech startups between 2019 and 2024, Governor Babajide Sanwo-Olu said on Wednesday. Speaking at the GITEX Nigeria 2025 conference in Lagos, Sanwo-Olu described the state as the “innovation nerve center” of Africa, noting it accounted for more than 70% of Nigeria’s tech investment inflows during […]

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Lagos partners Siemens on waste-to-energy projects

The Lagos State Government has unveiled plans to collaborate with Siemens Group to support waste-to-energy initiatives that will convert municipal waste into electricity. The announcement was made on Tuesday via a statement shared on the state government’s official X account. The partnership will be jointly overseen by the Ministry of the Environment and Water Resources […]

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Lagos ranked world’s fastest-growing tech city in 2025 

Lagos, Nigeria, has been crowned the world’s fastest-growing tech ecosystem for 2025, according to the Global Tech Ecosystem Index 2025 report released by Netherlands-based research firm Dealroom.co. The city’s vibrant tech scene, bolstered by five unicorns—Interswitch, Flutterwave, Jumia, OPay, and Moniepoint—has solidified its position as a magnet for startups and investors. The report places Lagos […]

Business

Lagos partners BOI, Sterling Bank to boost MSMEs

The Lagos State Government, in collaboration with the Bank of Industry and Sterling Bank, has launched a new initiative to support Micro, Small, and Medium Enterprises. In a statement on Wednesday, this partnership, formalized through a Memorandum of Understanding, will offer MSMEs access to single-digit loans at a 9% interest rate, aimed at fostering business […]

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