Lagos plans to raise IGR to N50bn

LAGOS — The Lagos State Government, yesterday, said it was set to increase the Internally Generated Revenue, IGR, to N30 billion monthly in 2017 and N50 billion monthly in 2018 as well as a yearly budget size of N1 trillion by 2018.
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World FM Day: Stakeholders advocate sustainable facilities management

As the world last week commemorated this year’s World Facilities Management Day, facilities management practitioners who gathered at “The Nigerian FM Round Table 2016” put together by Alpha Mead Facilities & Management Services Ltd, a leading facilities management firm, have advocated the need for sustainability of facilities management.

N-Delta crisis: South African envoy urges dialogue

ABUJA— South African High Commissioner to Nigeria, Lulu Mnguni, has advocated the use of dialogue to resolve the issue that had considerably depleted the nation’s oil production output as well as revenue.

School proprietor recants over N50m fraud allegation

ABEOKUTA—The National Deputy President of National Association of Proprietors of Private Schools, NAPPS, Yomi Otubela has denied ever accusing the former President of the association, Dr. Abayomi Jiboku of misappropriating N50 million.

Why you need building plan approval

After ownership of land, one of the most intricate aspects of erecting a structure is processing a building plan approval. Having buildings erected on a large expanse of land without building plan approval is like running a government without laws guiding it. Building plans are the first tangible thing that depicts the picture of the buildings we have imagined. Building plans are the graphical representation of what a building will look like after construction and also helps in the process of evaluating the cost of erecting such a structure.

NDIC calls for stiffer penalties against insider loans abuses

Nigeria Deposit Insurance Corporation (NDIC) has called for stiffer penalties against insider loans abuses in the nation’s banking industry. Managing Director/Chief Executive of the Corporation, Alhaji Umaru Ibrahim made this call while receiving the newly elected President and Chairman of Council of the Chartered Institute of Bankers of Nigeria (CIBN), Professor Segun Ajibola, at the NDIC headquarters in Abuja, at the weekend.

Lagos NUJ, NAWOJ flag off N4bn journalists’ estate

Hope was rekindled among subscribers to the NAWOJ/NUJ Pen Jewel Estate as Primewaterview Holdings Limited, a real estate development firm, Nigerian Union of Journalists, NUJ, Lagos branch and Nigeria Association of Women Journalists, NAWOJ, laid the foundation for the long awaited 800-unit housing estate in Mowe, Ogun state.

FBN…showing leadership in a cashless economy

When the Central Bank of Nigeria (CBN), under Mallam Sanusi Lamido Sanusi, CON, now Emir of Kano, Muhammadu Sanusi II, rolled out its policy of inspiring a cashless economy, not many people gave it a chance of survival. The pronouncement was trailed by the whiff of doubt that often accompanies such policy declaration in Nigeria.

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