News
2024 BUDGET: LAGOS TO INVEST N550.689 BILLION ON INFRASTRUCTURE
The Lagos State government has said it will invest N550.689 billion to develop and maintain its infrastructure in 2024.
…Establishes a Capital to Recurrent ratio of 58:42
The Lagos State government has said it will invest N550.689 billion to develop and maintain its infrastructure in 2024.
Commissioner of Economic Planning and Budget, Ope George disclosed on Wednesday during the State 2024 Budget Analysis at the Bagauda Kaltho Press Centre, in Alausa-Ikeja.
George said the amount N550.689bn on Infrastructure represents 24.28percent of the entire budget is part of the ₦1.315trillion capital budget for the year.
While highlighting some of the infrastructure targeting the Budget, he said there would be the continuation of ongoing transportation projects, such as the expansion of the rail network, road construction, completion of the Blue and Red Lines, and other metro projects within the State.
The Commissioner said the Budget would also address development of affordable housing schemes and urban renewal projects in addressing the housing deficit in the State by injecting a total of N55.924billion representing 2.5percent of the entire Budget. Some of the social housing projects include Completion of 444 units of building Projects at Sangotedo Phase ll; Completion of 420 units of building Projects at Ajara, Badagry; Phase Two Construction of 136 units of building Projects at Ibeshe ll, among others.
He added that there would be focus on some “Special Projects: Continuous progress on major infrastructure projects like the Lekki-Epe International Airport, the Omu Creek, Blue and Red lines etc. It should be noted that most of these projects will be prioritized.”

L-R: Permanent Secretary, Ministry of Economic Planning and Budget, Mr. Ibrahim Obajomo; Commissioners – Mr. Abayomi Oluyomi (Finance); Ms. Abisola Olusanya (Agriculture); Mr. Ope George (Economic Planning and Budget) and the Special Adviser to the Governor on Economic Planning and Budget, Mr. Lekan Balogun during the Lagos State govt 2024 Budget Breakdown at the Bagauda Kaltho Press Centre, the Secretariat, Alausa-Ikeja, on Wednesday, January 31, 2024
Meanwhile, this year budget according to the Commissioner intends to complete the front-loaded and ongoing infrastructure (such as the new Massey Children’s hospital, Omu Creek, Opebi-Mende-Ojota Link Bridge, Stadia, Rehabilitation of Public Schools, Lekki-Epe and Lagos-Badagry Expressways etc.) and commence the awaiting Fourth Mainland Bridge that will connect Ikorodu to the Island.
George said, “The State’s commitment and continuous support to agriculture will include increased funding for projects and programmes, comprehensive training programs, and incentives tailored for farmers. Simultaneously, ongoing aid for Micro, Small, and Medium Enterprises (MSMEs) remains a priority to stimulate economic growth and foster job creation.
“The State’s 5-year Agric roadmap stands as a testament to this commitment aiming to bolster support for farmers and enhance our overall food systems. This initiative prompted the State to allocate a total sum of N44.33 billion towards Central Food Security, fostering projects such as the Cattle Feedlot Project, Fish Processing Hub programs, and Wholesale Produce Hub & Market. These endeavors aim to elevate food quality, reduce prices, and optimize the Agricultural sector in the long run.”
In order to boost Human Capital Development through Education and Healthcare, which is of deep interest to the State due to the administration’s belief that a population that is healthy, skilled, and safe, can only convert the opportunities in the State to value. The State has allocated 13.35percent of the total budget to personnel cost in Y2024, an increase of 33percent compared to Y2023. The N180.693 billion in the Education Sector will allow continuous Investment in educational infrastructure, digital skills initiatives, and vocational education, thus enhancing learning opportunities for every child in the State.
George has said that the total budget size of ₦2.267 trillion will be funded from a total revenue estimate of ₦1.880 trillion, comprises of Internally Generated Revenue (IGR): 1.189 trillion; Capital Receipts 94.605 billion and Federal Transfer 596.629 billion, adding that LIRS is expected to contribute 63% (N750 billon) of the projected TIGR, and about 23% (N283.567bn) is expected to be generated by other MDAs of government.
“We shall achieve this by deepening the revenue and increasing the tax net through the deployment of technology, economic intelligence, data gathering and analysis amongst other initiatives. There are huge revenue generating opportunities in the informal sector, including real estates, transportation, and trade, he said.”
He also noted, “The deficit of ₦387.125bn is projected to be funded by a combination of Internal, External Loans and Bond Issuance.”
News
Police Drag 83-Year-Old To Court for Alleged Land Grabbing, Death Threats
The police have arraigned an 83-year-old man, Idowu Olowo, before an Ile-Ife Magistrates’ Court in Osun, over alleged land grabbing.
The defendant whose address was not provided, is facing charges bordering on land grabbing, forcible entry, threat to life and stealing.
The prosecutor, ASP Kehinde Ojugbele, told the court that the defendant committed the offences sometimes in 2025 about 11.00a.m at Kajola, Onikanga village, Ifetedo.
He added that the defendant forcibly entered into a land belonging to Ajetunmobi Adeniyi and threatened his life for the purpose of land grabbing.
According to him, the defendant sometimes in February 2025 at about 11.00a.m at Kajola, Onikanga village in Ifetedo, stole the farm produce including Cocoa fruits, kolanut fruits and palm kernel valued at N5 million, property of Adeniyi.
The prosecutor stated that the offences contravened Sections 81, 86 and 390 of the Criminal Code, Cap 34 Vol.11, Laws of Osun, 2002.
The defendant, however, pleaded not guilty.
The defendant’s counsel, Mrs Sidikat Salawu, applied for the bail on liberal terms, pledging that he would not jump bail.
The Magistrate, Mrs Abosede Sarumi, granted the defendant bail in the sum of N250,000 with two sureties in like sum.
Sarumi added the sureties must swear to affidavit of means, reside within the court jurisdiction, produce three years tax certificate and recent passport photographs.
She ordered that the defendant be remanded at Area Commander Police Station pending the perfection of his bail.
The court adjourned the case until March 2, for further mention.
News
Anambra Govt Seals 200 Shops For Obeying Sit-at-Home Order
Officials in the Onitsha South Local Government Area of Anambra State have sealed over 200 shops at the Bridge Head Market for failing to comply with the state’s directive to ignore the Monday “sit-at-home” order.
The affected shops, located across six market lines, were found under lock and key during a compliance monitoring exercise by the LG authorities on Monday.
It was gathered that there were no commercial activities in the area when the LG monitoring visited, as the traders reportedly refused to open their shops for business despite government directives mandating the resumption of normal trading activities.
The enforcement exercise was led by the Chairman of Onitsha South Local Government Area, Emeka Orji, and the Secretary of the Council, Paul Onuachalla.
During the operation, entrances to the affected market lines were sealed by the LG monitoring team, and new padlocks were secured to prevent access to the closed shops.
Speaking to journalists on Tuesday, Orji described the traders’ actions as unfortunate and counterproductive, particularly at a time when the state government is working to restore normal commercial activities across Anambra State.
According to him, there are strong indications that the allocations of the affected shops may be revoked and reassigned to other traders, pending the outcome of a full investigation by the authorities.
“He said, “It is sad and unfortunate that while the state government is making concerted efforts to revive economic activities in Anambra State on Mondays, some individuals are bent on sabotaging those efforts.
“Other markets and shops in Onitsha were open for business, but traders at the Bridge Head Market chose to shut down their operations.
“This amounts to economic sabotage against the state, and we will no longer tolerate such actions. The affected shops will remain sealed until next Monday. If the traders fail to comply by reopening for business on that day, the closure will be extended indefinitely.”
Also addressing journalists, the Secretary of the Council, Onuachalla, stated that the traders’ actions could constitute serious offences, including economic sabotage and related crimes under the law.
Onuachalla further disclosed that the shop allocations of the affected traders may be revoked in line with existing laws.
“This action amounts to economic sabotage against Anambra State and could be interpreted as aiding and abetting unlawful activities. As a council, we cannot treat such matters with kid gloves.
“We expected the traders to learn from the earlier closure of the Onitsha Main Market. However, they apparently believed they could disregard the government’s directive without consequences. They must now face the full weight of the law, and there will be no compromise.
“As we speak, the allocations of those shops are under review. Under the law, the government retains overriding authority over public property, and such allocations can be revoked in the public interest,” he added.
News
Police Silent Amid Reports Of IGP Egbetokun’s Alledged Removal
Reports have surfaced via activist Omoyele Sowore and Sahara Reporters alleging that President Bola Tinubu has ordered the removal of IGP Kayode Egbetokun.
Sowore claimed that Egbetokun had been replaced by a senior officer currently serving at the Force Criminal Investigation and Intelligence Department, FCIID, in Lagos.
While these reports claim the development is “confirmed” by internal sources, both the Presidency and the Nigeria Police Force have yet to issue an official public statement.
He, however, did not provide official confirmation to back the claim.
As of the time of filing this report, there was no statement from the Presidency or the Nigeria Police Force confirming the development.
Efforts to get a confirmation from Force Public Relations Officer, Benjamin Hundeyin, were not successful. Hundeyin did not answer calls placed to his phone.
He subsequently sent a message asking that a text message be forwarded to him, assuring that he would respond.
However, as at press time, he had yet to reply.
Sowore has repeatedly questioned Egbetokun’s tenure, arguing that the police chief ought to have exited office upon attaining the mandatory retirement age of 60.
President Bola Tinubu appointed Egbetokun as acting Inspector-General of Police in October 2023, pending confirmation by the National Assembly.
The appointment took effect on October 31, 2023.
Following controversy over the IGP’s tenure, the Federal Government sponsored an amendment to the Police Act providing for a single four-year term for an Inspector-General of Police, irrespective of age or years of service.
The provision allows Egbetokun to remain in office until October 2027.
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