Posts

Showing posts with the label Economic Growth

Lagos Workers to Get Additional ₦50,000 on Salary to Cushion Economic Hardship – Sanwo-Olu

Image
… 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...

Rising Housing Cost may hamper Economic Growth, Inclusion - NESG Chief Warns

Image
… 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...

Sanwo-Olu Unveils 2026 Lagos Economic Dev’t Update ‘LEDU’

Image
…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...