Business
Lagos Assembly Wants Salary Increase For Monarchs
The Lagos State House of Assembly has called for an upward review of salaries of traditional rulers in the state.
The House made the call in its resolution after adopting a motion for “the Upward Review of Traditional Rulers’ Remuneration and the Use of Yoruba Language as a Medium of Communication at Palace and other Public Functions.”
The Chairman, House Committee on Education, Mr Lanre Ogunyemi, had moved the motion at the day’s sitting.
The House called on Governor Akinwunmi Ambode and the Commissioner for Local Government and Community Affairs to actualise the increase of salaries of Obas and Baales in the state.
The lawmakers said the step had become necessary with a view to enhancing the performance of their traditional responsibilities in their various domains.
They also directed the ministry, as a matter of urgency, to look into the alarming rate at which new stools of Obas were being created, and ensure that the process of upgrading the Baales to the status of Obas was strictly adhered to in the state.
The House also enjoined monarchs and Baales to always use Yoruba language as a medium of communication in their respective palaces and other public functions.
Ogunyemi, moving the motion, had described the current salaries of Obas and Baales as “embarrassing and ridiculous considering the enormous responsibilities of the traditional institution”.
He said: “This House notes the enactment of the law to provide for an approved method for the selection, appointment and recognition of Obas and Chiefs in Lagos State and for purposes incidental and supplementary to it, Volume 8, Ch.02 of the laws of Lagos State of Nigeria, 2015.
“The House notes that the institution of traditional ruler is an enduring part of our heritage that plays a critical role in the preservation of culture and tradition.
“It also notes that the stipend being paid to the traditional rulers as salaries, despite the enormous challenges in administration at the grassroots, could cause distraction in the performance of their traditional responsibilities in their various domains.
“This House observes that if traditional rulers are encouraged to perform their statutory roles, their wealth of experience would fast track the desired change in their various communities and add values to governance.”
The lawmaker also decried the use of English language to conduct most of the palace ceremonies and programmes instead of mother tongue.
He expressed worry over the discretionary process of upgrading Baales and Obaship positions in recent times, saying that such development would degrade the esteemed positions.
In his contribution, the Chairman, House Committee on Information, Strategy and Security, Mr Tunde Braimoh, called on the traditional institutions to support the efforts of the government on security.
The Deputy Speaker, Mr Wasiu Eshinlokun-Sanni, also urged the House to include the White Cap Chiefs in the arrangements saying Lagos Island does not operate with Baales.
The Tide gathered that other assemblymen took turns to support the motion before it was passed by the House as its resolution through a voice vote conducted by the Speaker, Mr Mudashiru Obasa.
Obasa described the current salaries of the traditional rulers as shameful, saying it was important for the government to increase it.
He said that there was a need to sanitise the creation of new stools and upgrading of Obas, while the government should always screen anyone before assuming such position.
The House adjourned its plenary session until June 5.
Business
Agency Gives Insight Into Its Inspection, Monitoring Operations
Business
BVN Enrolments Rise 6% To 67.8m In 2025 — NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has said that Bank Verification Number (BVN) enrolments rose by 6.8 per cent year-on-year to 67.8 million as at December 2025, up from 63.5 million recorded in the corresponding period of 2024.
In a statement published on its website, NIBSS attributed the growth to stronger policy enforcement by the Central Bank of Nigeria (CBN) and the expansion of diaspora enrolment initiatives.
NIBSS noted that the expansion reinforces the BVN system’s central role in Nigeria’s financial inclusion drive and digital identity framework.
Another major driver, the statement said, was the rollout of the Non-Resident Bank Verification Number (NRBVN) initiative, which allows Nigerians in the diaspora to obtain a BVN remotely without physical presence in the country.
A five-year analysis by NIBSS showed consistent growth in BVN enrolments, rising from 51.9 million in 2021 to 56.0 million in 2022, 60.1 million in 2023, 63.5 million in 2024 and 67.8 million by December 2025. The steady increase reflects stronger compliance with biometric identity requirements and improved coverage of the national banking identity system.
However, NIBSS noted that BVN enrolments still lag the total number of active bank accounts, which exceeded 320 million as of March 2025.
The gap, it explained, is largely due to multiple bank accounts linked to single BVNs, as well as customers yet to complete enrolment, despite the progress recorded.
Business
AFAN Unveils Plans To Boost Food Production In 2026
-
Politics3 days agoEFCC Alleges Blackmail Plot By Opposition Politicians
-
Business3 days ago
AFAN Unveils Plans To Boost Food Production In 2026
-
Sports3 days agoJ And T Dynasty Set To Move Players To Europe
-
Business3 days ago
Industrialism, Agriculture To End Food Imports, ex-AfDB Adviser Tells FG
-
Politics3 days ago
Datti Baba-Ahmed Reaffirms Loyalty To LP, Forecloses Joining ADC
-
Politics3 days ago
Bayelsa APC Endorses Tinubu For Second Term
-
Business3 days ago
Cashew Industry Can Generate $10bn Annually- Association
-
Entertainment3 days agoAdekunle Gold, Simi Welcome Twin Babies
