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Sanwo-Olu Approves UNILAG Waterfront Jetty

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UNILAG Waterfront Jetty

Governor Babajide Sanwo-Olu of Lagos State has consented to the request by the authorities of the University of Lagos (UNILAG) to float a jetty at the school’s waterfront to complement transportation on the campus.

The Governor asked the school authorities to write a formal letter of request for immediate approval of the jetty, saying the Government would help the university to build capacity in water transportation.

Mr Sanwo-Olu made the disclosure during his keynote speech at the International Week organised by the school.

“I just had a discussion with the Vice Chancellor who informed me that the school needs a jetty to complement transportation within the campus. I have asked the authorities to formally make a request for immediate approval.

“We are ready to do all that this required to ease transportation challenges for our people. Just last week, we unveiled a collaboration with Uber with the launch of Uber Boats. We will be adding another one before the end of the year,” he said.

The Governor reiterated his pledge to make the State livable for residents. He said the Government would not rest on its oars in solving the current challenges facing the State.

He said his administration was not folding its arms and watched the residents go through hardship in commuting within the city. The Government, he pointed out, had started to address infrastructural challenges, with the commencement of massive road construction across the State. He pleaded for patience among residents, saying there would be relief after the projects are completed.

Speaking on Cities of the future, future of Cities, the Governor said he was excited because there was a renewed focus by stakeholders at proffering solutions to various developmental challenges, ranging from road congestion, waste management, and renewable energy.

Mr Sanwo-Olu said, “Urban transportation in mega cities has become the focus of development experts and investors. Lagos has not been lagging behind in this discussion, because of the challenges we face. We have seen investment coming to waterways and rail, but we need to restore sanity on land transportation by rehabilitating bad roads across the State.

“We are investing so much in waterways and light rail system so that we can move people not only on the road but on water and on the rail. The blue line will be completed soon and we will have a complete integrated urban transportation system.”

Mr Sanwo-Olu said the government would be embarking on improvement exercise around 60 identified junctions prone to high traffic in the state.

He decried the attitude of some road users, who deliberately obstruct free-flow of traffic, urging members of the public to join the government in the advocacy aimed at restoring sanity on the road.

Mr Sanwo-Olu challenged students and scholars in the school to engage in research that would provide solutions to urban challenges facing the State. He said the government was willing to collaborate with the institution for the growth of the State.

When approved, the Vice-Chancellor (VC), Prof. Oluwatoyin Ogundipe, said the jetty would facilitate ease of movement for members of the university living in Ikorodu and other riverine axes.

The VC told the Governor that the school had a committee of scholars engaging in applied research to proffer sustainable solutions to environmental challenges plaguing the state.

He said the University would welcome collaboration with the Government in any areas that would bring about more development in the State.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Travel/Tourism

Honeywell Group Acquires 14.12% Stake in Ikeja Hotel

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Ikeja Hotel

By Aduragbemi Omiyale

About 14.12 per cent stake in Ikeja Hotel Plc has been acquired by Honeywell Group Limited, a notice on the Nigerian Exchange (NGX) Limited has revealed.

Honeywell Group took up the part of the hospitality firm through one of its affiliates known as HGL Real Estate Limited.

Ikeja Hotel, in the disclosure filed with the NGX on July 2, 2026, said the stake comprised 305,323,525 units of its equities.

“Ikeja Hotel hereby notifies the Nigerian Exchange Limited and the general public that it has received notification from HGL Real Estate Limited, an affiliate of Honeywell Group Limited, that it has acquired 305,323,525 units of Ikeja Hotel Plc’s shares, representing 14.12 per cent shareholding in the company,” the notice stated.

Ikeja Hotel is one of Nigeria’s leading hospitality investment and hotel management companies with premium hospitality assets.

It operates two leading hospitality organisations in Lagos, the Sheraton Lagos Hotel and Balmoral Convention Centre.

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Travel/Tourism

Lagos Shuts Down 10 Hotels, Restaurants for Environmental Violations

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LASEPA seals hotels restaurants

By Aduragbemi Omiyale

About 10 hospitality establishments, including hotels and restaurants, were sealed on Wednesday by officials of the Lagos State Environmental Protection Agency (LASEPA).

The affected businesses are located in different locations in the Alimosho Local Government Area of the metropolis, Business Post learned from a statement from the agency.

It was stated that they were sealed by LASEPA for persistent violations of environmental regulations despite repeated warnings, abatement notices, and several opportunities to comply with the agency’s directives.

According to the notice, the enforcement exercise was carried out in line with the directives of the Lagos State government to ensure strict compliance with environmental laws and to safeguard public health.

The affected facilities were said to have breached various environmental regulations, including noise pollution, air pollution, unlawful discharge of untreated effluent, obstruction of official duties, among others.

LASEPA closed the premises of Granduer Meridian at Obasa Akiniyi Street, Oluwaga, Ipaja for non-compliance with the agency’s directives; Lasola (Spazio Bar), located on Ipaja Road, Fatolu Bus Stop, Ipaja, was sealed for noise pollution and non-compliance with directives; Millennium Restaurant, located at Gate Bus Stop, Ipaja, Ayobo, was shut down for non-compliance with directives; O2 Exquisite Suites & Tower on Jimoh Akinremi Street, Jimoh Bus Stop, Akowonjo, was sealed for non-compliance with directives; and Chirozz Hotel & Suites, located on Samuel Street, Akowonjo, by Vulcanizer Bus Stop, Egbeda, was closed for noise pollution and non-compliance with directives.

In addition, House 7 Hotel, located at Remi Akande Street, Egbeda, was sealed for non-compliance with LASEPA’s directives; House 48 on Isiba Oluwo Street, Egbeda, was sealed for non-compliance with directives; Exclusive Hotel, located at Ishan Kimishe, Akesan Bus Stop, was shut down by non-compliance with directives; Sabola Ventures Limited, Iocated at Km 11, LASU–Isheri Road, Igando, was shut down for operating without evidence of an Effluent Treatment Plant (ETP), and discharging untreated effluent into public drains; and City Int’l Motel, located at Chief Olu-Adegbite Street, off Oladun Street, Council Bus Stop, Idimu, was sealed for non-compliance with directives.

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Emirates Deploys Boeing 777-300ERSF

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Boeing 777-300ERSF

By Modupe Gbadeyanka

Emirates has become the first airline cargo carrier to deploy the Boeing 777-300ERSF passenger-to-freighter converted aircraft.

The aircraft (A6-EBK) will enter commercial service with a flight from Hong Kong to Dubai carrying over 100 tonnes of cargo, a statement from the airline operator stated.

The converted Emirates Boeing 777-300ERSF offers 100 tonnes of payload capacity and 811 m³ of cargo volume, representing a 25 per cent increase in cargo volume over the Boeing 777-F production freighter.

At 47 pallet positions, the converted aircraft also accommodates 10 additional pallet positions when compared with the Boeing 777-F production freighter, making it ideal for transporting volumetric cargo such as e-commerce goods, which currently constitute around 20 per cent of global air cargo tonnage with further growth projected in the next few years.

The converted Boeing 777-300ERSF is the sixth new freighter, following five Boeing 777-F production freighters, to join Emirates SkyCargo’s fleet since March 2026.

As part of its ambitious expansion strategy, Emirates SkyCargo will also be taking delivery of five additional Boeing 777-F aircraft as well as one additional converted Boeing 777-300ERSF by December 2026.

Emirates SkyCargo will also be introducing three additional converted Boeing 777-ERSFs into its fleet in 2027.

“The induction of the first converted Emirates Boeing 777-300ERSF into operational service represents the next step in the expansion of our fleet and operational agility.

“We are optimising our fleet assets by converting older Boeing 777-300ER passenger aircraft to meet the growing demand for air cargo capacity to transport goods rapidly across the world,” Emirates SkyCargo’s Divisional Senior Vice President, Badr Abbas, commented.

“Combined with our growing fleet of Boeing 777-F production freighters, we have already been able to scale our global freighter network from just over 40 destinations in February this year to 62 destinations currently and growing.

“We are providing our global customers with scalable cargo capacity and ultimate flexibility and connectivity when moving cargo to and through our hub in Dubai,” Abbas added.

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