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Tag: Lagos

Lagos has maintained it's position as the top recipient of Capital Influx in Nigeria during the fourth quarter of 2023 (Q4 2023).
Business

Lagos maintains top spot for capital inflow into Nigeria

Melvin Onwubuke Lagos has maintained it’s position as the top recipient of Capital Influx in Nigeria during the fourth quarter of 2023. According to Nairametrics analysis of the published National Bureau of Statistics report, in regards to capital importation in Nigeria in Q4 2023. Capital inflow into Lagos State totaled $771.68 million during the fourth […]

Lagos ranked 8th African city with best healthcare
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Lagos ranked 8th African city with best healthcare

Numbeo, a research firm focusing on data that centers around quality of life has ranked Lagos as the 8th city with the best healthcare system in Africa. In the list, Numbeo uses an elaborate algorithm to arrive at ranked Cape Town in South Africa first, Pretoria second, and Nairobi third. Modern, high-tech hospitals are starting […]

Lagos receives €410m Omi Eko project funding at COP28
Business

Lagos receives €410m Omi Eko project funding at COP28

Lagos State has secured funding for the €410 million Omi Eko project at the ongoing 28th Conference of the Parties on Climate Change being held in Dubai, UAE. The Times reported that an AFD loan of €130 million, an EIB loan of €170 million, a grant of €60 million from the European Union, and the […]

Over 400,000 passengers use Blue Rail Line - LAMATA
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Over 400,000 passengers use Blue Rail Line – LAMATA

Bisola David Over 400,000 passengers had travelled on the Blue Rail Line as of November 29, according to the Lagos Metropolitan Area Transport Authority. According to The Punch, LAMATA’s managing director, Abimbola Akinajo, recently highlighted the system’s effectiveness at a press conference celebrating LAMATA’s 20th anniversary. Akinajo emphasized that the switch to the electric mode was smooth […]

NAFDAC cuts licensing fees by 65%
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NAFDAC shuts Lagos pharmacy, drug stores over controlled drugs sale

The National Agency for Food and Drug Administration and Control has closed two drug stores in Idumota and one pharmacy in Surulere, Lagos, for selling unregistered and uncontrolled medications. The affected Idumota establishments belonged to Blue Choice Pharmaceutical Ltd., while VaticanBell Pharmacy in Surulere faced closure. Furthermore, Global Oneword Healthcare Ltd.’s little drug warehouse in […]

Lagos leads as traffic violators pay N2.1bn fine
News

Lagos leads as traffic violators pay N2.1bn fine

Nine months’ worth of fines levied on traffic violators totaled N2.1 billion, which was distributed to no fewer than twelve state governments. The Punch reported that the data came from an examination of their budget performance reports for the third quarter, which were retrieved from Open Nigerian States, a website supported by budgIT that acts as […]

Lagos begins 25% reduction on transport costs Tuesday
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Lagos begins 25% reduction on transport costs Tuesday

The Lagos Metropolitan Area Transport Authority, on behalf of the Lagos State Government, has mandated the establishment of a 25% transport fare discount on the entire Lagos State Public Transport System. The Times reported that this disclosure is available on LAMATA’s official X (formerly Twitter) account and is part of a public notice that the […]

Lagos shuts Ogba Mall, Ajah Market over waste violations
Business

Lagos shuts Ogba Mall, Ajah Market over waste violations

The Lagos State Government has taken serious action by closing the Ogba Mall and Ajah Market due to illegal trash disposal practices. According to The Times, the Lagos State Waste Management Authority and the State Task Force on Environmental Sanitation and Special Offences collaborated on this operation, which took place on a Sunday. The enforcement team […]

Lagos govt launches financial council to encourage investment
Business

Lagos govt launches financial council to encourage investment

The Lagos International Financial Centre Council was established by the Lagos State Government in collaboration with EnterpriseNGR, an advocacy group, with the aim of encouraging investment in Lagos. According to The PUNCH, this was confirmed in a statement released on Friday, along with the news that the state has been asked to take part in […]

IGR
News

Lagos, Rivers, FCT maintain IGR dominance — Report

The National Bureau of Statistics has said Lagos, Rivers, and the Federal Capital Territory lead the other states in terms of internally generated revenue in 2022, just like they did in 2021.   According to the NBS report on Internally Generated Revenue At the State Level for 2022, Lagos, Rivers and FCT generated ₦651,145,633,085.30, ₦172,823,232,535.44, […]

Lagos has maintained it's position as the top recipient of Capital Influx in Nigeria during the fourth quarter of 2023 (Q4 2023).
Business

Lagos generated N400bn domestic revenue H1 2023 – Report

The commissioner for Economic Planning and Budget, Ope George has stated that the Lagos State Government recorded Internally Generated Revenue of almost N400 billion as of June 2023. The Times reported that this statement was delivered at the Ikeja Budget Consultative Forum for 2024. The forum was spread out across the state’s five divisions of […]

FG may increase employee pensions in 2024 - Wages Commission
News

Lagos pays 644 retirees N2bn pension

The Lagos State Government has paid 644 retirees a total of N2.017 billion in retirement payments. According to the National News Agency of Nigeria, the Director-General of the Lagos State Pension Commission, Babalola Obilana, made the statement on Wednesday during the distribution of the 101st batch of Retirement Bond Certificates to pensioners in Lagos State. According to […]