Category: State News

Bayelsa To Borrow N43.57b As Debt Hits N169b
October 27, 2021 No Responses

Bayelsa To Borrow N43.57b As Debt Hits N169b

The Bayelsa State Government plans to borrow N43.57 billion to augment the N310.7 billion proposed for the 2022 fiscal year as the state’s debt profile hits N169 billion.   The borrowing plan is contained in the 2022 Appropriation Bill of the...
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Akwa Ibom Budgets ₦582.12b For 2022
October 26, 2021 No Responses

Akwa Ibom Budgets ₦582.12b For 2022

Akwa Ibom State Governor, Udom Emmanuel on Monday presented to the state House of Assembly a proposed budget of N582.115 billion for the 2022 Financial Year.  . Christened “Budget of re-defining Standards,” the Appropriation Bill comprised of N26...
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Annuity For Retirees: Lagos Approves Additional Insurance Firms
October 24, 2021 No Responses

Annuity For Retirees: Lagos Approves Additional Insurance Firms

The Lagos State Government has approved additional insurance company to join the league of insurance companies that underwrite annuity business for retirees in the state. The insurance firm is a subsidiary of a holding company.  Managing Director of the c...
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Edo Appoints CPCS Transaction Adviser For Benin River Port
October 18, 2021 No Responses

Edo Appoints CPCS Transaction Adviser For Benin River Port

Edo State has appointed port logistics and infrastructure firm, CPCS transaction advisers for Benin River Port.  This was made known at the maiden Nigeria International Maritime Summit (NIMS) recently held in Lagos with the session theme “Achieving ...
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Lagos Advocates 42% Revenue Allocation To States
October 5, 2021 No Responses

Lagos Advocates 42% Revenue Allocation To States

Lagos State Governor, Babajide Sanwo-Olu on Monday advocated an upward review to 42 percent the revenue accruing to states from the Federation Account. Sanwo-Olu said that an upward review to 42 percent would enable the states to cater for their...
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Lagos Tasks ICAN On International Best Practices
September 30, 2021 No Responses

Lagos Tasks ICAN On International Best Practices

The Lagos State Government has advised the Institute of Chartered Accountants of Nigeria (ICAN) to expose members to international best practices and modern accounting processes to enhance socio-economic development in Nigeria.  The Lagos State Deputy Gov...
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Oyo Targets N79.8b IGR In 2022
September 29, 2021 No Responses

Oyo Targets N79.8b IGR In 2022

The Oyo State Government has projected Internally Generated Revenue (IGR) of N79.8 billion for the 2022 fiscal year.   State Governor, Seyi Makinde made this known on Wednesday in Ibadan, while presenting the state budget proposal...
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Plateau Generates N17b Internal Revenue In Nine Months
September 28, 2021 No Responses

Plateau Generates N17b Internal Revenue In Nine Months

Between January and September 2021, Plateau State Internal Revenue Service (PSIRS) generated N17 billion Internally Generated Revenue (IGR).   Chairman, Plateau State Internal Revenue Service (PSIRS), Mr Arlat Dasogot,  made the d...
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Bayelsa Bemoans Loss Of OML 46 To Ex-Partners
September 21, 2021 No Responses

Bayelsa Bemoans Loss Of OML 46 To Ex-Partners

The Management of Bayelsa Oil Company Limited has said that the loss of its operating license in the last marginal oilfields licensing rounds was due to betrayal by its former partners.  The News Agency of Nigeria (NAN) recalls that the...
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LAWMA, NIMASA, NPA, Others Evacuate 75,000 Plastic Bottles From Lagos Beach
September 19, 2021 No Responses

LAWMA, NIMASA, NPA, Others Evacuate 75,000 Plastic Bottles From Lagos Beach

The Lagos Waste Management Authority (LAWMA) on Saturday commemorated the 2021 World Clean-up Day by evacuating 75,000 plastic bottles from Ilashe Beach, Lagos. The News Agency of Nigeria (NAN) reports that the five kilometers Ilashe/Ibeshe beach area is on th...
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Ogun Assembly Orders Former OPIC MD To Refund N40m
September 18, 2021 No Responses

Ogun Assembly Orders Former OPIC MD To Refund N40m

The Ogun State Assembly has directed former Managing Director of State Property and Investment Corporation (OPIC), Mr Babajide Odusolu, to return N40 million unaccounted for in 2019 into the state purse within six months.  This was part of the resolution...
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Lagos, Ogun, Others Pay Tributes To Ex-NCC Chairman, Durojaiye
September 16, 2021 No Responses

Lagos, Ogun, Others Pay Tributes To Ex-NCC Chairman, Durojaiye

Lagos State Governor,  Babajide Sanwo-Olu has described late Sen. Olabiyi Durojaiye as an astute politician, a dogged fighter and democrat. Sanwo-Olu stated this at the “Evening of Worship and Tributes”,  in celebration of the life of the late Durojaiy...
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Sanwo-Olu Signs VAT Bill Into Law
September 11, 2021 No Responses

Sanwo-Olu Signs VAT Bill Into Law

Lagos State Governor, Mr Babajide Sanwo-Olu, on Friday signed the state Value Added Tax(VAT) Bill into Law. The State House of Assembly had on Thursday, Sept. 9, passed the bill for a law to impose and charge VAT on certain...
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Lagos Assembly Passes VAT, Anti-Open Grazing Bills
September 10, 2021 No Responses

Lagos Assembly Passes VAT, Anti-Open Grazing Bills

The Lagos State House of Assembly on Thursday passed the State’s Value Added Tax (VAT) Collection Bill and the Anti-Open Cattle Grazing Bill in the state.  The House passed the two bills after a unanimous vote by all the 40...
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