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LAGOS MEETS BOND TRUSTEES, PROMISES REGULAR PAYMENT INTO SINKING FUND ACCOUNTS

Lagos State Government on Tuesday met with its bond trustees and other stakeholders of its Bond Issuance Programmes with a promise not to renege on its repayment obligation to the various bondholders as it continues to provide the requisite infrastructure that would match the status of the State. Speaking at the 2017 Annual General Meeting, AGM, of the Lagos State …

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TAX: LAGOS MOVES TO SHUT DOWN HEADQUARTERS OF DEFAULTING COMPANIES

…Gives Monday Deadline To Remit All Outstanding Payments The Lagos State Government on Sunday said it will commence the process of shutting down the corporate headquarters of organisations in the State who have defaulted in remitting statutory taxes to government from Monday, November 20. In a statement signed by the Commissioner for Finance, Mr. Akinyemi Ashade, the State Government said …

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AMBODE PROPOSES NEW TAX COLLECTION STRATEGY

Governor Akinwunmi Ambode of Lagos State has stressed the need for the reinvigoration of the nation’s tax collection machinery with technology in order to improve revenue generation from taxes. Speaking in Lagos today at the Voluntary Asset and Income Declaration Scheme (VAIDS) Interactive session for Executive and Business owners organised by PwC’s Business School, Ambode also advocated the need to …

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ACHIEVEMENTS OF THE STATE TREASURY OFFICE IN THE EIGHTH QUARTER OF THE ADMINISTRATION OF HIS EXCELLENCY, THE GOVERNOR OF LAGOS STATE, MR. AKINWUNMI AMBODE

The State Treasury Office, in line with its mandate continued providing cash backing and other financial services to all MDAs’ for the implementation of various programmes and projects to boost the State’s Budget performance.   During the period under review, the State Treasury Office achieved the following:-   1.IMPLEMENTATION OF TREASURY SINGLE ACCOUNT (TSA) AT THE HOSPITALS   Phase two …

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LASG APPROVES RESTRUCTURING OF LCC LOAN FACILITY

…Saves Over N10bn …To Apply Savings For Further Infrastructural Development The Lagos State Executive Council on Wednesday approved the restructuring of the Lekki Concession Company (LCC) Loan Facility provided by local and international lenders. The State Government in a statement issued by the Commissioner for Information and Strategy, Mr. Steve Ayorinde, said that it has paid a total of N9.8billion …

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Work Towards Nation’s Unity, Gov. Akinwunmi Ambode Urges Nigerians

…Advocates Support For Buhari’s Developmental Agenda Lagos State Governor, Mr. Akinwunmi Ambode on Friday urged Nigerians to support the sincere efforts of President Muhammadu Buhari to develop the country on all fronts, just as he said that no meaningful development can take place without unity and cohesion. Governor Ambode, who spoke shortly after performing the laying of wreath ceremony as …

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Lagos Flags Off Construction of 114 Roads in 57 LGAs

…Mobilizes Contractors With 30 Percent Payment …Project to be Completed In Six Months The Lagos State Government on Tuesday announced the flagging off of 114 roads to be constructed in the 57 Local Government Areas (LGAs) and Local Council Development Areas (LCDAs) in the State, just as it assured that more roads will be accommodated in the next phase of …

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