Lagos proposes N1.046trn budget for 2018 with 67% capital vote
Jerome Ushakang
December 11, 2017
Akinwunmi Ambode, Lagos governor, has presented the year 2018 budget proposal of N1.046trillion to the state House of Assembly, with capital expenditure receiving the highest allocation of N699.082 billion representing 67 percent of the total budget. The recurrent expenditure stands at N347.039 billion or 33 percent of the budget, representing a 28.67 percent increase over […]
MainOne, Tizeti, Facebook expand internet access in Lagos Mainland
Businessam StaffDecember 11, 2017
MainOne and Tizeti Monday announced the completion of a joint development project with Facebook to enable the expansion of internet services in Lagos. The partnership will leverage MainOne’s fiber connectivity, Tizeti’s twenty brand-new solar-powered towers, and Facebook’s Express Wi-Fi. As a result of this project, internet services will be more accessible across Lagos Mainland including Ajao […]
Lagos State disburses N711m to 287 Retirees for September
Businessam StaffOctober 2, 2017
The Lagos State Government has disbursed the sum of N711 million as pension payments for the month of September. The Lagos State Pension Commission (LASPEC) in a statement Monday by its Head of Public Affairs Unit, Basirat Lawal, said the N711 million was released to pay 287 retirees for that month. LASPEC said Gov. Akinwunmi […]
Delta state set to partner World Bank on job creation
Businessam StaffAugust 24, 2017
The Delta Government has announced its readiness to seek partnership with the World Bank in funding job creation programmes in the state. Festus Agas, Secretary to the State Government (SSG), disclosed this Thursday in Asaba when officials of the World Bank and European Union Implementation Support Mission to the state visited him. Agas said the […]
Dangote Group disburses N850m compensation for sugar refinery project
Businessam StaffAugust 17, 2017
Dangote Group has commenced the disbursement of more than N850 million, as compensation to land owners affected by its sugar refinery project in Tunga, Awe Local Government Area of Nasarawa State, according to NAN. 60,000 hectares was reportedly acquired by the group for the construction of the refinery. Silas Agara, the state’s deputy governor, who […]
Kebbi state restructures 21 Micro Finance Banks
Businessam StaffAugust 9, 2017
The Kebbi state government has restructured 21 Micro Finance Banks in the state to enable farmers, women, and youths easy access to credit facilities to develop the local economy. According to NAN, the Commissioner for Budget and Economic Planning, Alhaji Muhammad Jelani, made the disclosure at a news briefing organised by the state chapter of […]
27 ships laden with petroleum products, food items expected in Lagos
Businessam StaffAugust 7, 2017
A total 27 ships laden with petroleum products, food items, and other goods are expected to arrive Apapa and Tin-Can Island Ports in Lagos from Aug. 7 to Aug. 21. The Nigerian Ports Authority (NPA) made the disclosure in its `Shipping Position’ on Monday in Lagos. NPA said that the ships contained buck wheat, bulk […]
Nasarawa to clear backlog of workers’ salaries with N4.5bn Paris club refund
Businessam StaffJuly 27, 2017
Gov. Umaru Al-Makura of Nasarawa State, Wednesday acknowledged that the state government has received the second tranche of the Paris Club loan refund to the tune of N4.5 billion. Al-Makura disclosed this during a meeting with leaders of organised labour in the state at the government house in Lafia, where he stated that out of the […]