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Lagos records revenue increase in first quarter
The Lagos State Government has recorded success in its revenue generation for the first quarter.
The Internally Generated Revenue for the first quarter of Y2018 stood at N103.476billion, as against N96.7billion recorded in the previous year, thereby accounting for 81 percent of the total revenue of N141billion generated in the quarter.
Commissioner for Economic Planning and Budget, Mr Segun Banjo disclosed this during the annual Ministerial Press Briefing to mark the third year in office of Governor Ambode’s administration.
Giving a breakdown of the figures, the Commissioner said the budget performance for the first quarter has a pro-rata size of N261.530billion and in absolute term, it had performed N163.491bn, compared with N120.206billion reported for the same period in Y2017.
Mr Banjo said that the sum of N141billion (63 percent) was generated as Total Revenue against N124.141billion (77 percent) achieved in 2017, adding that this year’s first quarter performance was N17.816billion higher than the previous year’s performance in absolute terms.
He said out of the total revenue of N141billion the State internally generated N103.476billion representing 57 percent, as against N96.7billion in the previous year, thereby accounting for 73 percent of the total revenue for the current fiscal year.
The Commissioner explained further that the Lagos Internal Revenue Service (LIRS) generated N84.1bilion in the first quarter, which accounted for 81 percent of the total revenue generated, a feat, he attributed to proper planning and research by the government.
“What we have said now is that in the first quarter which we just concluded of 2018, LIRS generated a total of N84 billion compared to the N74billion that was generated in 2017. Due to the research and the planning done, LIRS has been able to improve their performance and we are very glad about it,” he said.
Mr Banjo, however, noted that the N84billion generated by LIRS was excluding revenue from Land Use Charge (LUC), noting that it was from the strict application of taxes from Pay As You Earn (PAYE), withholding taxes, direct assessment and other taxes.
He said that Federal transfers for the first quarter Y2018 contributed N38.481billion (87 percent) compared to a performance of N27.364billion out of which Statutory Allocation contributed N13.868billion and N24.4billion from the VAT for the same period in 2017.
“Under Capital Expenditure, Quarter 1 performance stood at N93billion (53 percent) as against N46.7billion (37 percent) as at the same period in Y2017. As at the end of Q1 2018, the Capital: Recurrent ratio closed at 57:43 as against 39:61 recorded same time in Y2017.
“This is a pointer to the fact that all efforts geared towards tighter control of overhead are beginning to yield fruits even though more needs to be done in this area,” he said.
He said the State Government would do everything within its powers to sustain the budget performance in the second quarter, adding that the ultimate goal was to meet the target of a Capital: Recurrent expenditure ratio of 67:33 throughout the year.
Responding to questions on the reduction in the rates payable by property owners under the Lagos State Land Use Charge Law, vis a vis the 2018 budget and its effects on the plans by the government to deliver all ongoing projects in the State, the Commissioner allayed fears, adding that the present administration had already fashioned out strategies to ensure prompt delivery of critical projects this year.
“Definitely we have made a projection but because this is a very responsive government, we have decided to give rebates and when you give rebates, automatically the revenue will go down, the expectation might not be there in terms of what we intended in the first instance. But we can assure you that whatever we lose from the rebate we would get it somewhere else because we would continue to up our game,” Banjo said. (Channelstv Report)
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Naija Times celebrates 5th anniversary, launches nonprofit arm to promote quality journalism and social impact
Naija Times, Nigeria’s leading independent online newspaper, proudly celebrates its 5th anniversary.
To mark this milestone, the management is excited to announce the launch of Naija Times Journalism Foundation, its nonprofit arm, reinforcing its commitment to quality journalism and social impact.
Founded on September 15, 2020, by Ehi Braimah, a notable PR expert and media personality in Nigeria, Naija Times has delivered high-quality, unbiased, and informative content to its readers. Akpandem James and Jahman Anikulapo – two senior and highly respected journalists – are Braimah’s co-founding partners of Naija Times.
The newspaper covers politics, business, health, education, culture, and sports, while its regularly published editorials provide sharp insights into Nigeria’s pressing issues. The newly launched website, www.ntm.ng to mark the anniversary, offers a seamless, user-friendly experience, making it easier for readers to navigate the website and access Naija Times’ diverse content.
On its 3rd anniversary two years ago, Naija Times launched the book, ‘For a Better Society,’ a compilation of editorials published from September 2020 to July 2023 in Abuja, further solidifying its role in shaping public discourse.
Naija Times Journalism Foundation, accessible at www.ntjfoundation.org, expands the organisation’s mission by supporting investigative journalism on critical social issues, promoting media literacy to educate the public on evaluating information and combating misinformation, and empowering community development through initiatives that foster social cohesion and economic empowerment.
“We are proud to celebrate five years of delivering credible journalism to our readers,” said Braimah, founder and publisher/editor-in-chief of Naija Times.
“Five years ago, we launched Naija Times with the following goals in mind: build strong institutions, promote transparency and accountability in public spending, uphold the rule of law, and defend the public interest.
“Together with my colleagues, we remain committed to building an egalitarian society that is founded on equity, justice and respect for fundamental human rights. The launch of Naija Times Journalism Foundation represents a bold step forward in our mission to drive social impact and elevate journalism practice in Nigeria.”
Naija Times Journalism Foundation is a knowledge production and journalism innovation hub dedicated to strengthening democratic governance and promoting inclusive development and accountability by empowering a vibrant and free press in Nigeria, Africa and Black Diaspora.
The Foundation’s Programmes Officer is Hart Onoboh, a seasoned programmes and communications professional with over five years’ experience, driving impactful development projects in Nigeria.
Hart has a robust background in strengthening democratic governance, combating misinformation, and facilitating community-based interventions.
Previously a fact-checker and visual communications officer at the Centre for Democracy and Development (CDD-West Africa), he led initiatives to counter misinformation and promote electoral integrity, training over 25 fact-checkers across four states in Nigeria.
Hart is currently pursuing a Master’s degree in Information Management at Ahmadu Bello University, Zaria, and he brings technical expertise, creative communication, and field experience to the Foundation’s advocacy and governance initiatives.
The Chief Executive Officer of Sujimoto Luxury Construction Limited, Sijibomi Ogundele, is under intense interrogation by the Economic and Financial Crimes Commission (EFCC) over the alleged diversion of ₦5.7 billion paid by the Enugu State Government for an ₦11 billion contract.
Ogundele, who had earlier been declared wanted, turned himself in to EFCC Abuja headquarters and was grilled for more than 10 hours on Tuesday. His personal and company accounts have been frozen, and his passport seized to restrict his movement.
According to investigators, Ogundele convinced the state to release 50% of the contract sum—₦5.7 billion—after promising speedy delivery. However, state officials allege that work done so far is worth no more than ₦750 million, accusing him of abandoning the project.
The Enugu State Government’s petition triggered EFCC’s probe, which may see Ogundele spend more time in custody as investigations continue.
In a tearful online video, Ogundele denied any wrongdoing, framing the matter as a contractual dispute: “I’m not a thief, I’m not a fugitive. This is between my company and the Enugu State Government. It’s not criminality.”
…Unveils Selection Panel
The Nigeria Digital PR Summit has officially opened nominations for the second Nigeria Digital PR Awards, a prestigious platform that recognizes excellence, innovation, and impact in digital public relations across Nigeria.
Honourees will take the spotlight at the Nigeria Digital PR Awards Gala; a premium evening celebrating the individuals, organizations, and campaigns that defined digital PR in the past year, marking the 10th Nigeria Digital PR Summit. Adding flair to the night is the Digital PR Fashion Runway; a bold fusion of fashion, technology, and communications that promises an unforgettable experience.
This year, 19 award categories will honour campaigns across four classes including Campaign Excellence Awards, Sector Excellence Awards, Innovation and Technology Awards, and Individual & Professional Excellence Awards.
The Summit also unveiled a three-member Selection Panel responsible for reviewing entries and shortlisting winners.
The panel is chaired by the Founder and CEO, Fernhill Digital Consulting, Datari Ladejo, and includes the former Senior Business Program Manager, MarComms, Africa Development Center (ADC – West), Microsoft, Oluwamuyemi Orimolade; and Founder/Lead Partner, PuzzleCraft PR and Communications, Beatrice Okpara.
Nominations are open to agencies, corporate communication teams, NGOs, startups, and individual practitioners whose work has delivered measurable results and demonstrated creativity in leveraging digital platforms.
Nominations run from September 1 – 8, 2025. Shortlisted nominees will be announced during the Awards Gala on October 16, 2025, at the Conference Centre, Naval Dockyard, Ahmadu Bello Way, Victoria Island. For entry guidelines and submission details, visit: https://forms.gle/cM2oFQTnSSqL51EC9.
Founder, Nigeria Digital PR Summit, Segun McMedal, said, “We are excited to launch this year’s call for nominations and to welcome such distinguished professionals to the Selection Panel. This panel reflects the breadth of expertise driving digital communication in Nigeria, and its stewardship will ensure a fair and transparent evaluation process.”
The seven categories in the Campaign Excellence Awards include Best Overall Digital PR Campaign, Best Brand Advocacy Campaign, Best Crisis Communication in Private Organisations, Best Crisis Communication in Government, Best Public Affairs Campaign, Youth Impact Award for Social Change, Outstanding Influencer Collaboration, and Best Use of Content Marketing.
Categories in the Sector Excellence Awards include Excellence in Public Service Digital Campaign, Digital PR Excellence in Telecom Services, Digital PR Excellence in Financial Services, and Sustainability and ESG Communication Excellence.
The Innovation and Technology Awards category include Innovative Use of Technology in PR, Best Digital Engagement with Citizens, Outstanding Digital Customer Experience, and Creative Use of Short-Form Video in PR. The Individual and Professional Excellence Awards include Emerging Digital PR Professional of the Year and Digital PR Professional of the Year.
Naija Times celebrates 5th anniversary, launches nonprofit arm to promote quality journalism and social impact
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