NDC STATEMENT ON COURT RULING. (PHOTO). #PRESS RELEASE.

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 NDC STATEMENT ON COURT RULING Our attention has been drawn to a ruling by the Federal High Court sitting in Lokoja this morning, wherein His Lordship, Honourable Justice Isah Dashen, gave a ruling on an application filed by an unregistered association known as Peace Movement Party. The public knows that by December 2025, the Nigeria Democratic Congress  as an association complained of INEC’s refusal to register us as a political party, whereupon we proceeded to the Federal High Court. The Federal High Court upheld our constitutional right to freedom of association under the Constitution and compelled INEC to register us, which INEC did. Since then, we have started political activities, embarked on the registration of members, held congresses from ward to national levels, held conventions, and concluded primaries to all offices following INEC’s timetable. We have been fully participating in all INEC activities without let or hindrance. NDC also fielded candidates, and fully pa...
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Y2025 MPB: LAGOS RECORDS 45% REVENUE INCREASE, GENERATES ₦1.3 TRILLION IN 2024.(PHOTO).#PRESS RELEASE.

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 Y2025 MPB: LAGOS RECORDS 45% REVENUE INCREASE, GENERATES ₦1.3 TRILLION IN 2024


Lagos State has demonstrated robust economic growth, generating a record-breaking ₦1.3 trillion in revenue in 2024, marking a significant 45% increase from the ₦895 billion recorded in 2023. 


This impressive financial performance was revealed by the Commissioner for Finance, Mr. Abayomi Oluyomi, during the 2025 Ministerial Press Briefing, held today at the Bagauda Kaltho Press Centre in Alausa, as part of the activities commemorating the second year of Governor Babajide Sanwo-Olu's second term in office.


Commissioner Oluyomi also highlighted the state's success in property tax collection, revealing that over ₦14 billion was generated through the Land Use Charge, representing a substantial 37% rise in property tax revenue compared to the previous year.


Mr. Oluyomi emphasised the pivotal role of the Ministry of Finance in driving the economic growth and development of Lagos State, underscoring its alignment with all pillars of the THEMES Agenda. "The Ministry of Finance serves as the crucial financial backbone that empowers the government to deliver the dividends of democracy to the people of Lagos State," he stated.


He further noted the significant transformation, innovative introductions, and process reviews undertaken by the Ministry of Finance under his leadership, despite prevailing economic challenges over the past two years. The Commissioner also commended the Lagos Internal Revenue Service (LIRS) for its ongoing efforts to expand the tax net, curb leakages, and ensure sustainable revenue growth. 


He highlighted the optimisation and expansion of the LIRS E-Tax Platform to encompass stamp duties, capital gains tax, filing integration, Geo-Tagging, Report Builder, CAC Integration, and expatriate tracking.


In a move to enhance user experience and data security, Mr. Oluyomi announced the upgrade and cloud migration of the E-Tax mobile application, providing more robust and safer access for users.


"Driven by these strategic initiatives, tax revenue generated in the first quarter of 2025 reached ₦333 billion, a significant increase from the ₦232 billion recorded in the first quarter of 2024. This enhanced revenue generation will further fuel the developmental agenda of the Babajide Sanwo-Olu administration," Commissioner Oluyomi affirmed.


The Ministerial Press Briefing is an annual forum where members of the Lagos State Cabinet provide an account of their respective Ministries, Departments, and Agencies' performance, offering insights into the government's scorecard.

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