...news, reports, issues... about Lagos
Human rights lawyer, Femi Falana, said the Federal Government is working in the interest of the International Monetary Fund (IMF) and the World Bank following a hike in electricity tariff. Falana stated this in an interview on Channels Television’s Politics Today on Monday. He said, “The Honourable Minister of Power is acting the script of the IMF […]
Investigations by the Nigerian Tribune have revealed that the N2.6 trillion Lagos-Calabar Coastal road may lead to the abandonment of about N16 trillion railway projects which were incorporated in the 25-year railway roadmap unveiled during the administration of former president, Olusegun Obasanjo, and which will expire next year, 2025. The projects include the Ibadan-Kano Standard […]
DAYO AYEYEMI, in this piece, delves into issues surrounding the 700-km Lagos-Calabar Coastal Highway by the Federal Ministry of Works, from how the project started and where it is headed. It has been one day one controversy since the Federal Executive Council approved a N1.06 trillion contract for the construction of the first phase of […]
Telecommunications operators in the country including MTN Nigeria and Globacom have asked for Federal Government approval through the Nigerian Communications Commission to raise their tariff. The development came after foreign exchange losses and rising energy costs forced some of the operators to post losses last year. The telcos’ proposal to raise their tariff came barely […]
Adebayo Adelabu, Nigeria’s Minister of Power says the President Bola Tinubu’s administration is ready to break over 60-year-old power jinx bedeviling the nation. He said the importance of power to economic growth and industrial development of any nation could not be overemphasized as no sector could actually perform optimally without stable, effective, functional and cost […]
The federal government has ordered the resale of electricity Distribution Companies (DisCos) now under the management of banks and the Asset Management Company (AMCON) within three months to reputable power operators. LEADERSHIP reports that five DisCos are currently under the management of AMCON and bank lenders. Abuja Electricity Distribution Company (AEDC) is currently under the […]
The Federal Government on Thursday inaugurated a compensation verification committee saddled with the responsibility of reviewing, evaluating and compensating landowners affected by the construction of the N15tn Lagos-Calabar Coastal Highway. The Minister of Works, David Umahi, who inaugurated the panel, also directed the committee to complete all verification and begin remuneration in 10 days ending […]
The Organised Private Sector (OPSN) has decried the new tariff of N225/kwh for Band A electricity customers, saying that over 65 per cent of private business-es, especially manufacturing sec-tor and SMEs, may be forced to close down due to the high electricity tariff. The Association called for the suspension of new tariff implementation to enable […]
Hope is in the air in the Nigerian property market that the pronouncement by Lagos State government, giving a three-month amnesty on unregistered existing structures in the state, will help to ease the country’s huge dead capital burden that, according to a PwC study, is close to $1trillion. The state governor, Babajide Sanwo-Olu, announced recently […]
The Lagos State Government has said the ongoing construction of the Blue Line Phase 2 project being handled by China Civil Engineering Construction Corporation (CCECC) may be extended to Agbara in Ogun State. Mr Olasukanmi Okusaga, the Director of Rail Transport, Lagos Metropolitan Area Transportation Authority (LAMATA), stated this on Tuesday in Lagos. He added […]
