Lagos State Got More Federal Grants In 2020 – NBS

According to the National Bureau of Statistics, about 78% of all banking sector loans by value, given to states, went to Lagos state operating entities: “According to the data, about N15.1 trillion out of N19.4 trillion of the loans went to Lagos State in the third quarter of 2020, a 13.86% rise from the same period in 2019”. During the same period, entities in Yobe, Jigawa, and Ebonyi States received 0.1%, 0.13%, and 0.13% respectively. Rivers state, following Lagos, received 5% of the loan or N977 billion. emagenews #theemage

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The 1Billion Naira Lagos State Intervention Funds

The Lagos State Ministry of Tourism, Arts and Culture has designed a palliative eligibility form to enable it evaluate applications of qualified practitioners for its N1 billion seed capital investment in the Hospitality, Tourism and Entertainment sectors. A statement issued at the weekend by the Commissioner for Tourism, Arts and Culture, Mrs. Uzamat Akinbile-Yussuf, said To be considered eligible for the seed capital, here as the requirements: Must be a resident of Lagos State (LASSRA).Business must be within the creative Arts, Tourism and Hospitality sector.Business must be registered with the…

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Prosecute Lawma Contractors For Fraud

Some Nigerians on Tuesday asked the Lagos State Governor, Babajide Sanwo-Olu, to identify and prosecute the people indicted by the audit of the Lagos State Waste Management Authority’s account. The PUNCH had reported that the state was being defrauded of millions of naira in a scheme involving LAWMA contractors. The contractors, many of whom are politicians, allegedly inflated the wage bills of the street sweepers and supervisors under them. According to an official source, the state government pays the contractors over N560m monthly. However, a report of the audit of…

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