General
Land Use Charge: Lagos Assembly Holds Public Hearing
By Modupe Gbadeyanka
The Lagos State House of Assembly on Tuesday held a public hearing on the proposed amendments to the land use charge recently signed into law by the state governor, Mr Akinwunmi Ambode.
Shortly after the bill was signed into law in February 2018, it generated controversies with some people asking for its immediate repeal because of the astronomical hike in the land use charge rate.
This month, the Ikeja branch of the Nigerian Bar Association (NBA) staged a protest, calling on government to revoke the law.
However, some hours after the demonstration by the lawyers, the state government announced a 50 percent reduction in the rate, promising to engage stakeholders more on the controversial land use charge.
Yesterday, the Lagos assembly held a public hearing on the proposed amendments to the new law, which took place at the Lateef Jakande Auditorium.
The venue was filled to capacity with key stakeholders involved in the matter, including the Ikeja branch of the NBA, which requested for a postponement of the hearing because copies of the law and the proposed amendments had not been made widely available to the public prior to the hearing.
Chairman of the branch, Mr Ogunlana Adesina, argued that it was necessary for the public to have the documents so as to form major crux of discussions.
In over-ruling this request, however, the Speaker of the House of Assembly, Mr Mudashiru Obasa, reminded the House that the issues being discussed are not particularly new, having been in the public domain for several weeks.
Besides, he added that of the 37 sections of the Land Use Charge Law, only 8 were actually billed for amendment. The issues, therefore, were not particularly new as to warrant further delays or postponement, he said.
Upon this pronouncement by the Speaker, which the House took well, as there were no subsequent protests or murmurs from the floor, members of the Ikeja branch of the NBA staged a quiet walk-out. About 15 or so members all dressed in red or white T-shirts, quietly walked out of the hall.
However, the walk-out did nothing to disrupt the proceedings as the public hearing continued seamlessly.
Public representation was heavy with organized groups such as the Organized Private Sector, the Nigerian Institution of Estate Surveyors and Valuers, different resident associations including Magodo, the Lekki Corridor, Apapa, Festac, Ikorodu etc, Estate Agents’ Association, Private medical practitioners association, hoteliers, and many others were at the public hearing and contributed significantly to its proceedings.
Some of the key issues discussed revolved around the Assembly’s intention to replace the phrase ‘market value’ of property, with just ‘value.’
Several commentators were worried that this may leave the term vague and made different suggestions as to how to get around this issue. Estate surveyors suggested that discounted market value may be the way to go.
Many respondents also hailed the impact of the Lagos State government so far especially regarding its efforts on infrastructure. They conceded that while it has done so well and they appreciate that indeed taxes make development possible, they called for moderation in the tax regime in order to enable Lagosians pay conveniently.
Commissioner of Finance, Mr Akinyemi Ashade, announced that the Executive had proposed a general relief rate of 50 percent, up from the 40 percent of old. He added that other reliefs included the charge rate for commercial properties which had been reduced to 0.45 percent (from 0.76 percent) while industrial charge rate had also been reduced to 0.230 percent.
Speakers at the event also raised the issue of “pensioner,” adding that any pensioner regardless of whether he worked at a pensionable office before retirement ought to benefit from the reliefs in the land use charge law.
The Speaker sought additional memoranda from members of the public, adding that members of the public were encouraged to submit memoranda to the committee for consideration over the next two weeks members.
Mr Obasa hailed the session as the best attended public hearing in the history of the Lagos State House of Assembly.
By Adedapo Adesanya
The Transmission Company of Nigeria (TCN) has confirmed the destruction of six transmission towers along the Apir–Lafia 330kV line in Nasarawa State, causing significant disruption to electricity supply in parts of the country.
In a statement issued on Wednesday, TCN spokesperson, Mrs Ndidi Mbah, said the incident occurred on May 30 at about 1:15 a.m. during a heavy downpour.
She explained that the transmission line initially tripped, prompting operators to attempt a trial reclosure of Line II at about 2:08 a.m., but the effort failed.
A subsequent inspection of the transmission corridor, however, revealed extensive damage to key components of towers T125 to T130, confirming that the infrastructure had been vandalised.
“The tripping of the lines prompted a physical line trace to determine the fault, which revealed damage to critical components of towers T125 to T130, confirming vandalism on the affected sections of the transmission corridor,” Mbah said.
The incident has forced both Apir–Lafia 330kV Transmission Lines I and II out of service pending the reconstruction of the damaged towers.
TCN said its engineers have been deployed to the site to assess the extent of the damage and determine the materials required to restore normal transmission along the corridor.
As an interim measure, the Lafia 330kV Transmission Station is being supplied through an alternative line to minimise the impact on electricity consumers within the franchise areas of Abuja Electricity Distribution Company (AEDC) and Jos Electricity Distribution Company (JEDC).
The company condemned the persistent vandalism of power infrastructure, warning that such acts undermine investments in the electricity sector and threaten the stability of the national grid.
It also urged residents and host communities to remain vigilant and report suspicious activities around transmission installations to security agencies or the nearest TCN office.
TCN stressed that safeguarding critical national infrastructure requires collective responsibility to ensure a reliable and uninterrupted electricity supply nationwide.
By Aduragbemi Omiyale
A Nigeria Gender Country Programme (NGCP) to advance private sector action on gender equality and inclusive economic growth has been unveiled at a high-level virtual CEO Roundtable convened by the International Finance Corporation (IFC), Nigerian Exchange (NGX) Group Plc, and the Lagos Chamber of Commerce and Industry (LCCI).
The NGCP builds on the momentum of Nigeria2Equal and other initiatives that have advanced workplace inclusion, women’s leadership, entrepreneurship, and sustainable finance across Nigeria’s private sector.
Designed as a more integrated and collaborative platform, the programme seeks to scale impact through coordinated action among development institutions, business leaders, regulators, and the organised private sector.
Anchored on three strategic priorities, the programme aims to increase women’s representation in leadership, improve access to quality employment, and expand access to productive assets—including finance, technology, and markets—for women and women-led businesses.
The partners are expected to formally launch the Nigeria Gender Country Program at a physical event scheduled for July 9, 2026, where stakeholders will further advance implementation of the programme’s strategic priorities.
At the virtual event, the Director General of the Securities and Exchange Commission (SEC), Mr Emomotimi Agama, said, “Gender inclusion is fundamentally an economic growth imperative. Closing gender gaps can unlock billions of dollars in value for Nigeria while strengthening business performance and national competitiveness. We must therefore move beyond viewing inclusion as a corporate social responsibility initiative or compliance exercise, and instead recognise it as a strategic driver of productivity, innovation, and sustainable economic growth.”
Commenting on the initiative, the chief executive of NGX Group, Mr Temi Popoola, said the initiative “presents a significant opportunity to deepen impact and accelerate progress across corporate Nigeria. By expanding women’s access to leadership opportunities, quality employment, finance, technology, and markets, we can unlock substantial economic value while building a more competitive, inclusive, and resilient private sector. At NGX Group, we believe the capital market has a critical role to play in advancing these outcomes through stronger governance, transparency, and stakeholder engagement.”
On his part, the IFC Head of Office in Lagos, Mr Christian Mulamula, said, “Closing the gender gap is one of the most significant opportunities to strengthen competitiveness and productivity. Across Africa, gender inequality is estimated to cost up to $2.5 trillion. Through the Nigeria Gender Country Program, IFC is working with the private sector to expand women’s leadership, improve access to better jobs, and increase opportunities for women-led businesses. Building on Nigeria2Equal, this initiative focuses on practical, measurable solutions that help businesses grow while advancing inclusive growth.”
In her remarks, the DG of LCCI, Ms Chinyere Almona, noted that the programme’s success would depend on leadership accountability and sustained commitment from business leaders, particularly in embedding gender inclusion into organisational strategy and execution.
By Adedapo Adesanya
The Nigerian Safety Investigation Bureau (NSIB) has commenced a forensic investigation into the collision between the container vessel MV Maersk Valparaiso and the oil tanker MT Lady Martina at Bonny Anchorage in Rivers State, following the download of Voyage Data Recorder (VDR) and Electronic Chart Display and Information System (ECDIS) data from the vessel for navigational analysis.
The bureau’s Director of Public Affairs and Family Assistance, Mrs Funke Adebayo Arowojobe, explained that in line with the International Maritime Organisation (IMO) Casualty Investigation Code and international obligations, NSIB had formally notified the Transport Safety Investigation Bureau (TSIB) of Singapore as a substantially interested State.
The incident, which occurred on May 20, 2026, has been classified by the bureau as a Very Serious Marine Casualty (VSMC).
She also said that NSIB activated its marine occurrence response protocols immediately after receiving notification of the incident, noting that the investigation Go-Team was deployed to Onne and Bonny on May 22 to commence evidence preservation and preliminary investigative activities.
The bureau disclosed that investigators boarded both vessels and conducted interviews with their masters and key crew members, while operational records and navigational data linked to the incident were secured.
Also, the director stressed that the bureau had commenced collaborative engagement with relevant local and international stakeholders as part of the investigation process, assuring the public and maritime stakeholders that the investigation would be conducted with professionalism, independence and thoroughness, stressing that the objective was to determine the causal and contributory factors of the occurrence and enhance maritime safety.
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