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   by Samson Akintunde As tensions escalate between the United States and Iran, disruptions in the Strait of Hormuz are sending shockwaves through global oil markets, putting Nigeria’s oil-dependent economy under increasing pressure.   The Strait of Hormuz, a narrow but vital shipping corridor, handles a significant share of the world’s oil supply. Any disruption to this route: whether through military tension, blockade, or heightened insecurity, immediately drives up global oil prices and unsettles energy markets. For Nigeria, whose economy relies heavily on crude oil exports for revenue and foreign exchange, such volatility presents a paradox: while higher prices may boost earnings, they also fuel domestic inflation, increase the cost of imported refined fuel, and deepen economic uncertainty.   Globally, the Strait of Hormuz serves as a critical chokepoint for oil transportation, with millions of barrels passing through it daily. When tensions rise in the r...

The Fusengbuwa Ruling House in Ijebu-Ode has called on the Ogun State Govern or, Prince Dapo Abiodun  to lift the suspension on the selection   of the 60th Awujale, urging a swift conclusion of the process. Photo from left: Deputy Chairman Fusengbuwa Ruling House (FRH), Otunba Dokun Ajidagba; Olori-ebi FRH, Otunba Lateef Owoyemi and Vice Chairman FRH, Prof. Fassy Yusuf, during a News Conference on the selection of the 60th Awujale at Ijebu Ode. The appeal was made on Sunday during a news briefing addressed by the Head of the family, Chief Abdul-Lateef Owoyemi, alongside other principal members of the ruling house. Chief Owoyemi said the prolonged halt in the selection process since January 2026 has generated anxiety among indigenes, noting that the delay followed directives by the state government over allegations of bribery and inducement. He explained that the ruling house had fulfilled its traditional responsibility by submitting a list of nominees to the designated kingmak...

… NLC, TUC appeals for review of the minimum wage from ₦85,000 to ₦250,000 Lagos State Governor, Mr. Babajide Sanwo-Olu, has approved an additional ₦50,000 to State workers’ salaries for the month of May as part of efforts to cushion the prevailing economic hardship, particularly the impact of rising fuel prices.   L-R: Chairman, Nigeria Labour Congress (NLC) Lagos State chapter, Comrade (Mrs) Funmi Sessi; Lagos State Deputy Governor, Dr. Obafemi Hamzat; Head of Service, Mr. Olabode Agoro and Chairman, Trade Union Congress Of Nigeria, Lagos State chapter, Comrade Aladetan Abiodun at the Workers Day Celebration, held at the Mobolaji Johnson Arena, Onikan, Lagos, on Friday. Governor Sanwo-Olu made the announcement at the 2026 Workers Day celebration themed “Insecurity, Poverty: Bane of Decent Work", held on Friday at the Mobolaji Johnson Arena, Onikan, Lagos.  He reiterated that the intervention, which will be reviewed, underscores his administration’s resolve to ensu...

Lagos State Governor, Babajide Sanwo-Olu received his Deputy, Dr Obafemi Hamzat who have been on a consultation train on his governorship ambition for the 2027 election.  Dr Hamzat is hoping to clinch his party's governorship ticket for the next general elections. The Deputy Governor, Dr Hamzat via his X platform said "Today, I am honoured by the endorsement of my Governor, my brother and my friend, HE Governor Babajide Sanwo-Olu. "His trust means a great deal to me. We’ve worked side by side in the service of Lagos State, and I don’t take this vote of confidence lightly. "I remain committed to building on the progress we’ve made together, and look forward to serving Lagosians with integrity, focus and a clear sense of purpose." With the All Progressives Congress, APC primaries not far fetched to officially pick her flagbearers for the next general elections, aspirants continue to seek supports from party faithful, power blocs and groups within the party. ...

Lagos State government has forged a sister-state relationship with the California State Assembly, United States through the Assembly Concurrent Resolution 129 (ACR 129). The resolution was sponsored by Assembly member Matt Haney, and unveiled at the California-Africa Climate and Economic Forum 2026, establishing one of the most significant Africa–California diplomatic ties in recent history. L-R: Executive Secretary of the Lagos State Office of Diaspora Affairs, ESV. Jermaine Sanwo-Olu with California Assembly member, Matt Haney. It was revealed in a statement that the Executive Secretary of the Lagos State Office of Diaspora Affairs, ESV Jermaine Sanwo-Olu accepted the resolution on behalf of Governor Babajide Sanwo-Olu at the gathering of government officials, business leaders, and Nigerian diaspora representatives held recently in San Francisco, California. Sanwo-Olu said both Lagos State and the state of California would benefit from the ...

As part of efforts in ensuring the effective delivery of the World Bank Human Capital Opportunities for Prosperity and Equity (HOPE) Programme , Lagos State Government at the weekend  handed over operational vehicles across the key sectors  connected to the initiative to enhance the implementation process  in the state. L-R: Director, Macro Economic Statistics Division, Lagos Bureau of Statistics, Ministry of Economic Planning and Budget, MEPB, Mr Basit Baruwa; MEPB Permanent Secretary, Mrs Olayinka Ojo; her counterpart in Primary Healthcare Board, Dr. Ibrahim Mustapha and Director, Development Partnership Department and the State's HOPE-PROGRAM Coordinator, Mr. Mobolaji Onimole during the presentation of operational vehicles for monitoring the implementation of the HOPE-PROGRAM initiatives across key sectors, held at the Secretariat, Alausa. Th is  move ,   came at the back of the recent state-wide sensitisation programme, which highlighted the strides and achi...

The Governor of Lagos State, Babajide Sanwo-Olu, has disclosed that talks are ongoing to extend the Red Line Rail network to neighbouring communities in Ogun State to accommodate more commuters. Governor of Lagos State, M.r Babajide Sanwo-Olu Sanwo-Olu said the acquisition of 24 new coaches for the Red Line Rail by the Lagos State Government in China will enhance the multimodal transportation system. Speaking during an interview with State House correspondents at the Lagos House, Marina, on Wednesday, Governor Sanwo-Olu said the new trains on the Red Line will have eight cars as a gainst the four cars currently being used on blue line. Sanwo-olu noted that the addition was designed to support the 27-kilometre Red Line from Oyingbo to Agbado, targeting up to 37 daily trips and over 500,000 daily passengers when fully operational. He said that there were ongoing conversations to extend the Red Line further into Ogun State, noting that the rail expansion by his administration is tie...

  •Ojota-Opebi Link Bridge, 19 football pitches, Tolu Schools in Ajegunle among projects to be commissioned Key legacy projects of the Governor Babajide Sanwo-Olu administration will be inaugurated by President Bola Ahmed Tinubu in his first official visit to Lagos State. L-R - Special Adviser to the Governor on e-GIS and Urban Development, Dr. Olajide Babatunde; Commissioner for Agriculture and Food System, Ms. Abisola Olusanya; Commissioner for Information and Strategy, Mr. Gbenga Omotoso; Special Adviser to the Governor on Works, Dr. Adekunle Olayinka and his counterpart for Infrastructure, Engr. Olufemi Daramola during a Press Briefing on the two-day visit of President Bola Tinubu’s official visit to Lagos for commissioning of projects across the State, held at the Bagauda Kaltho Press Centre, the Secretariat in Alausa, Ikeja, on Monday, April 6, 2026. Among the iconic projects that will be commissioned by Tinubu in the two-day visit to his home state include the newly cons...

…LASG holds World Bank-Supported HOPE Initiative Public Sensitisation Photo: Governor of Lagos State, Mr. Babajide Sanwo-Olu (fifth left); Chairman, House committee on Health, Hon. Lawal Musibau (fourth left); Commissioners, Basic and Secondary Education - Mr. Jamiu Alli-Balogun (third left); Health - Prof. Akin Abayomi (second left); Director, Development Partners Department, Mr. Bolaji Onimole (left) and students during the Public Sensitisation and Presentation of the current administration’s significant strides ‘HOPE-GOV (Primary Health, Basic Education and Governance)’ held at the Lagos House, Marina, on Thursday. The Governor of Lagos State, Mr Babajide Sanwo-Olu has formally launched an e-learning platform and free academic materials for students in Public Schools, signaling a new phase of the Human Capital Opportunities for Prosperity and Equity - (HOPE) initiative. The launch held   at the   Lagos House in Marina during a public sensit...

… As LASG  unveils LEDU 2026,  reaffirms commitment to sustainable development The Lagos State government has been urged to weigh in on the current high rise housing cost particularly for low-income residents in the state to ensure inclusiveness and a sustainable economic growth. Fom left: Founder and Chief Consultant, Abiodun Adedipe & Associate, Prof. Abiodun Adedipe; CEO, Nigerian Economic Summit Group (NESG), Dr. Tayo Aduloju; Chairman, South West Development Commission, SWDC, Senator Olubunmi Adetunmbi; Commissioner for Economic Planning and Budget, Mr Ope George; Deputy Governor, Dr. Obafemi Hamzat and Permanent Secretary, Ministry of Economic Planning and Budget, Mrs Olayinka Ojo during the launch of Lagos Economic Development Update, LEDU 2026 at the Marriot Hotel, Ikeja, on Tuesday. The Chief Executive Officer of the Nigerian Economic Summit Group, NESG, Dr Tayo Aduloju made the call at the official launch of the third edition of Lagos Economic Development Upd...

…says Govt’ll continue to Diversify Economy Lagos State Governor, Mr. Babajide Sanwo-Olu, on Tuesday, unveiled the Third Edition of the Lagos Economic Development Update (LEDU 2026) and reassures of his government’s willingness to continue to diversify the  economy. From left: Chairman, Lagos State House of Assembly committee of Finance, Hon. Olufemi Saheed; CEO, Nigerian Economic Summit Group (NESG), Dr. Tayo Aduloju; Lagos Commissioner for Economic Planning and Budget, Mr Ope George; Deputy Governor of Lagos State, Dr. Obafemi Hamzat; Chairman, House committee on Economic Planning and Budget, Hon. Saad Lukman and Deputy Chief of Staff to Governor Sanwo-Olu, Mr Sam Egube during the launch of Lagos Economic Development Update, LEDU 2026 at the Marriot Hotel, Ikeja, on Tuesday. Speaking at the launch organized by the State’s Ministry of Economic Planning and Budget held at the Marriott Hotel, Ikeja, Sanwo-Olu said LEDU has evolved beyond a mere policy document, describing the in...