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Tag: Lagos

Business

Lagos, Ogun, Kaduna ranked 2025 best-performing Nigerian states

Lagos, Ogun and Kaduna states have emerged as Nigeria’s top-performing states in the 2025 edition of the Phillips Consulting State Performance Index, a comprehensive assessment of governance, fiscal sustainability, public service delivery and citizen perception across the country. The report ranked Lagos first nationwide, followed by Ogun in second place and Kaduna in third, placing […]

Electricity

Lagos may scrap electricity band classification – Energy commissioner

The Lagos State Commissioner for Energy and Mineral Resources, Biodun Ogunleye, says the state government is considering scrapping the current classification of electricity consumers into bands. Ogunleye made this disclosure on Monday at an inter-ministerial briefing showcasing the achievements ofb Governor Babajide Sanwo-Olu’s administration in the energy sector over the past year. During the briefing, […]

Business

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 […]

News

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 […]

Business

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 […]

Business

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’ […]

Business

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 […]

News

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%
Business

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 […]

Business

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 […]

Business

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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