General
Lagos to Slash Land Use Charge Rate

By Adedapo Adesanya
The Lagos State Government under the Mr Babajide Sanwo-Olu administration has reversed the higher land use charge rate imposed by the previous administration of Mr Akinwunmi Ambode on properties owners in 2018.
This was disclosed by Mr Rabiu Olowo, the Lagos State Commissioner for Finance, at the 2020 ministerial briefing to mark the first year anniversary of the Mr Sanwo-Olu led government.
He said the present administration was working to reduce the rate to the previous levels so as to make life less cumbersome to residents of the metropolis.
“As we are aware, in 2018, there was an increase in LUC rate and at the same time, a revaluation of property; this twin-shock had a sporadic increase in LUC assessment.
“The soon to be revealed reform will among other things, reverse the rate to pre-2018 rate,” the Commissioner said.
According to him, “The reform also considered a flexible land use charge payments and efficient customer service management in other to ensure prompt issue resolution.”
Mr Akinwumi Ambode, who was governor of the state from 2015 to 2019, had announced a review of land use charge in 2018 and this increased the charge on a property solely occupied by the owner for a residential purpose to 0.076 percent per annum from 0.0394 percent.
The rate for an investment property fully occupied by tenants or third party(ies) was also increased from 0.394 percent per annum to 0.076 percent.
But due to complaints, the rate for commercial properties was later reduced by 50 percent and 25 percent for owner-occupiers.
Mr Olowo said the government hopes to keep economic activities going in the state without causing problems that will complicate the financial hardship caused by the COVID-19 pandemic.
Also speaking further, the Commissioner said that in the last one year in the area of revenue optimization, an electronic tax payment platform has been deployed for tax operations and administration matters, automation of operations of Lagos Lottery Board.
He also said F.O.R.C.E (Focus On Revenue Creation Everywhere), have been instituted to monitor, review and drive innovative revenue performance whilst providing revenue assurance.
He explained that the state has been able to restructure all its existing internal loan facilities previously at the rate of 18 percent – 20 percent to 14 percent, explaining that this has increased cash flows, adding that the state achieved 106 percent performance in the first-quarter revenue as against the state’s 2020 budget.
General
Rivers Sole Administrator Promises Swift Utilisation of Funds

By Adedapo Adesanya
The Sole Administrator of Rivers State, Mr Ibok-Ete Ibas, has assured that necessary steps would be taken to ensure the prompt utilisation of the withheld local government funds, which have now been released by the federal government.
Recall that President Bola Tinubu on Tuesday declared a state of emergency in Rivers State and suspended Governor Similaniyi Fubara and the Deputy Governor, Mrs Ngozi Odu, as well as all members of the Rivers State House of Assembly, over a political crisis. He then replaced them with Mr Ibas, who will act for the next six months as a sole administrator.
Speaking during a meeting with Heads of Local Government Administrators in Port Harcourt on Friday, Mr Ibas described the gathering as a pivotal moment in the collective effort to restore stability and progress in the state.
The Sole Administrator lamented the economic hardship in the Niger Delta, noting that despite the region’s wealth of natural resources, its people continue to suffer.
“This is unacceptable,” he stated, emphasizing the need for transformation and accountability.
He expressed concerns over the delay in salary payments across local government areas, acknowledging the struggles of affected workers.
“I feel the pain of the workers,” he said, assuring them that the withheld allocations had been released and that his administration would ensure that salaries are paid without delay.
However, he warned that financial accountability would be strictly enforced.
Mr Ibas, a retired vice admiral and former Chief of Naval Staff, directed all local government areas to submit their wage bills, supported by relevant documentation, through the office of the Head of Service.
He said his administration would not tolerate financial recklessness, vowing to scrutinize the handling of public funds and take action against any mismanagement.
Mr Ibas said good governance is not just a slogan, but a commitment to changing the negative narrative within the next six months.
He further stressed the importance of collaboration with traditional rulers and security agencies to enhance security at the grassroots level.
“You must take the lead in ensuring security within your domains,” he urged local government administrators.
General
FG Calls for Alternative Energy Sources to Drive Nigeria’s Maritime Industry

By Adedapo Adesanya
The federal government has called for the adoption of alternative energy sources in the maritime industry to reduce greenhouse gas emissions, warning that Africa could face severe economic impacts if left behind in the global transition.
The Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, made this call in Abuja while declaring open the African Strategic Summit on Shipping Decarbonization.
He cautioned that the ongoing shift to low-emission shipping fuels could increase transport costs for Africa, disproportionately affecting developing nations.
“With over 90 per cent of global trade relying on maritime transport, reducing GHG emissions is not just an environmental necessity but an economic imperative,” Mr Oyetola stated.
He stressed the need for Africa to have a strong voice in shaping global policies. “As the IMO advances its regulatory framework on decarbonization, Africa must ensure its interests are safeguarded, as we rely heavily on imports and contribute less than 2 per cent to the global fleet,” he said.
Highlighting the potential benefits of the transition, Mr Oyetola urged African nations to leverage the shift towards cleaner energy to boost industrialization.
“With 38 coastal nations, Africa can use this transition to develop its ports as launch pads for economic growth by engaging the Global North in strategic partnerships,” he added.
The Minister emphasized the need for a just and equitable transition, ensuring that no African nation is left behind.
“While we recognize the urgency of climate action, developing economies face challenges such as limited access to technology, energy poverty, and food insecurity. The principle of common but differentiated responsibilities must guide our approach,” he said.
Also, Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Mr Dayo Mobereola, reinforced the urgency of decarbonization.
“The shipping industry contributes about 3 per cent of global emissions. This summit is a platform for Africa to shape a strategy that ensures sustainable maritime development without being disadvantaged,” he noted.
General
JUST IN: Ayobo-Ipaja LCDA Chairman Bolatito Shobowale Dies

By Dipo Olowookere
The Chairman of Ayobo-Ipaja Local Council Development Area (LCDA), Mrs Bolatito Shobowale, has died, Business Post has confirmed.
She passed away on Friday after a prolonged battle with illness and three days after her deputy, Mr Ladi Oluwaloni, was asked to become the acting chairman of the council due to her long absence from work.
Mrs Shobowale had been away from her office for about six months, preventing the presentation of the 2025 budget to the council lawmakers for approval.
There had been underground grumbling within the LCDA until Governor Babajide Sanwo-Olu stepped in and approved the appointment of Mr Oluwaloni as the acting chairman.
Recent council activities had been carried out without the deceased, including the welcoming of the Governor Advisory Council (GAC) led by Mr Femi Pedro and the presentation of work tools to some residents who completed an empowerment programme sponsored by the state government.
Reacting to the death of Mrs Shobowale, the chairman of Alimosho Local Government Area, Mr Jelili Sulaimon, said she would be missed.
Mr Sulaimon, in a statement signed by his media aide, Mr Babatunde Yusuf, described the deceased, fondly called Mama Show, as a mother to all and a good administrator who is ever willing to see Ayobo-Ipaja LCDA progress positively.
According to him, Mrs Shobowale, elected into office in 2021, committed herself to the growth and development of council until her death.
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