The Lagos State government yesterday said it has spent ₦1.049 billion to subsidise Lake Rice from December 2016 till date. This was part of efforts to sustain food sufficiency and food security in the state. Speaking at the Ministerial Press Briefing to commemorate the third year anniversary of Governor Akinwumi Ambode’s administration, the Commissioner for […]
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The Lagos state governor, Mr. Akinwunnmi Ambode has reassured investors of his administration’s commitment towards providing adequate security infrastructure for investors in the Lekki Free Trade Zone. Ambode said this at the foundation laying ceremony of Longrich $20 milion Research Institute Factory at the Lekki-Free Trade zone recently. The governor who was represented by the […]
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Operatives of the Economic and Financial Crimes Commission (EFCC) on Friday arrested 12 suspected internet fraudsters in an early morning swoop on a club in Ikoyi, Lagos. Also seized during the raid were 10 exotic cars abandoned by their fleeing owners. “Operatives of the EFCC early this morning raided Club 57 in Ikoyi, Lagos, acting […]
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Investors in Aje oilfield, offshore Lagos, have announced a significant increase in its reserves as well as a confirmation of the viability of the Aje gas development. Yinka Folawiyo Petroleum Company Limited, a wholly-owned indigenous firm, is the operator of the Oil Mining Lease 113, where the field is located. Other partners are Pan Petroleum […]
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Gov. Akinwunmi Ambode of Lagos State on Wednesday said a bill seeking to amend the High Court law was underway, to meet up with the rising population of the state. Ambode spoke in Alausa, Ikeja, at the swearing-in ceremony of three judges of the High Court of Lagos State. He said that the bill, when […]
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Lagos State Government has contributed 75 per cent to Health Insurance Scheme provided for its workers, Governor Akinwunmi Ambode has said. Ambode, who spoke while enumerating his achievements in the past three years, said the workers in turn contributed only 25 per cent to the Scheme. The governor, represented by the Commissioner for Establishments, Training […]
Read More Nigeria’s Organised Private Sector (OPS), on Thursday, rejected the 50 per cent reduction on the Land Use Act announced by the Lagos State government. Reacting on the policy review by Governor Akinwunmi Ambode, Thursday, the OPS said though the measure was commendable, it however, amounted to scratching the issue on the surface since the 50 […]
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Governor Akinwunmi Ambode Lagos State, on Monday, signed the 2018 Appropriation Bill of the State into law with a total budget size of ₦1,046 trillion. The total budget size comprises of ₦347, 038, 938, 872.00 to be funded from the Consolidated Revenue Fund, and ₦699, 082, 242,808.00 from the Development Fund for both capital and […]
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The latest Global Wealth Migration review says rich people are leaving Lagos in droves for other cities because of taxes. According to the report, some of the reasons high net worth people are leaving their locations are taxes and increasing crime rates. Other cities affected are London and Istanbul. The report said 1000 wealthy people […]
Read More Gov. Akinwunmi Ambode of Lagos State on Thursday said the state generated a total of ₦503.7 billion revenue in 2017 despite the harsh economic climate in the country. Ambode spoke at the state’s first quarter 2018 Town Hall Meeting in Ikeja. The governor said he would vigorously pursue all infrastructure projects and remain focused to […]
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The Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Dr. Maikanti Baru, has ordered an immediate assessment of the damage caused by a fire on the Escravos to Lagos Pipeline (ELP), a natural gas pipeline which supplies gas from Escravos region of the Niger Delta area to Lagos. The pipeline also supplies gas to power […]
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Lagos State Governor, Mr. Akinwunmi Ambode, has said that the population of the state is galloping above 24 million. The governor, who spoke at a round-table on infrastructure financing organised by the Harvard Business School Association of Nigeria (HBSAN) in collaboration with the State Government held at Eko Hotels in Lagos, said the state and […]
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