GOV. UBA APPRECIATES PRESIDENT TINUBU ON THE AWARD OF STRATEGIC CONTRACTS WORTH ₦1.178 TRILLION IN KADUNA STATE. (PHOTO).

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 GOVERNOR UBA APPRECIATES PRESIDENT TINUBU ON THE AWARD OF STRATEGIC CONTRACTS WORTH  ₦1.178 TRILLION IN KADUNA STATE   Kaduna State governor has extended appreciation to President Tinubu, and the Federal Executive Council for the approval and award of transformative infrastructure contracts that will indelibly reshape the economic and social landscape of the state.   The statement personally signed by the governor lists the projects as follows; the Kaduna Light Rail Project an ambitious undertaking spanning a Kilometers corridor from Rigachikun to Sabon Tasha, alongside a Kilometers line from Millennium City to Rigasa, forming a 50-kilometre metropolitan network with an estimated value of One Trillion Naira. Complementing this is the critical reconstruction of the Mando–Kaduna– Birnin Gwari road, a 122-kilometre artery valued at ₦178 billion. Together, these projects represent not merely investments in infrastructure, but a deliberate re-engineering of mobility, sec...
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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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