Business
Ekiti Monthly IGR Hits N1 bn
The National Coordinator, Nigeria Governors‘ Forum (NGF) State Peer Review Mechanism (SPRM), Dr Afeikhena Jerome said Ekiti Government had raised its Internally-Generated Revenue (IGR) from N106 million monthly in 2010 to N1 billion monthly in 2012.
He made this known in an interview in Abuja.
Jerome was speaking on the findings of the NGF SPRM in Ekiti, which was one of the states that supported the take-off of the SPRM process, the other being Anambra.
He said Ekiti achieved the feat by blocking leakages in revenue collection and making tax payments affordable and convenient for the people in the informal sector.
“This finding is commendable and indicative of the potential for increasing the state’s IGR further and should be emulated by all states of the federation,’’ Jerome said.
He advised Ekiti government not to rest on its oars as a lot still needed to be done to reduce the state’s high dependence on federal allocation.
Jerome urged the state government to implement the unique national tax identification number and to examine the possibility of widening its tax base to further boost its IGR.
He commended Gov. Kayode Fayemi for his commitment to transparency and accountability in governance and the House of Assembly for passing into law “bills that will enhance public accountability’’.
According to Jerome, Ekiti is the first state in the federation to enact a state version of the Freedom of Information Act with the passage of the Ekiti State Freedom of Information Law No. 10 of 2011.
This, he said, would further ensure transparency, accountability and good governance in the state.
He also lauded the state government for domesticating the Fiscal Responsibility Law and for ensuring that the law included most of the main ingredients of fiscal responsibility.
He, however, advised the government to enhance its current efforts at fiscal planning by ensuring the existence of adequate professional capacity in the state’s Ministry of Budget and Economic Planning.
Jerome urged the government to strengthen the state’s Bureau of Public Procurement (BPP), and provide it with professional staff and freedom to operate and ensure greater use of open competitive bidding in procurement activities.
The national coordinator commended the state’s Social Security Scheme for the Elderly, saying the state was a “pace setter’’ in the introduction of social security policy in the country.
The Ekiti State Senior Citizen‘s Welfare Law, according to Jerome, authorises the provision of assistance to resident elderly people in areas of health care and payment of grants.
He said more than 20,000 elderly citizens had been enrolled as beneficiaries since the scheme was introduced and commended the state governor for ensuring popular participation in the state’s policy making processes.
He noted that the law made the people to become owners of state policies, having contributed to such policies, pointing out that the state government was relatively doing well in agriculture, education, environment and other sectors.
Jerome, however, said that the functionality of the state’s Primary Health Centres (PHCs) was uneven.
“The health sector in Ekiti is not lacking in strategies and public health policies that could engender good health for the people if assiduously adhered to.’’
According to him, the maternal and child health programme is available only in 34 of the 293 PHCs spread across the three senatorial districts of the state “which should be corrected without delay’’.
“The state has 20 general hospitals and two tertiary health institutions,’’ he said.
Meanwhile, reports say that DFID-State Partnership for Accountability and Capacity is partnering the NGF to drive the SPRM process, aimed at ensuring development in the states.
The process involves the sharing of useful experiences from other governments and the international community, and assessing each state’s strength, weaknesses and opportunities.
Business
TTP Trains Customs Agents, Freight Forwarders On Eto App
In a concerted effort to tackle racketeering and reduce inflated transportation costs in the Nigeria’s seaports, Trucks Transit Parks Ltd. (TTP) has trained Licensed Customs Agents and Freight Forwarders on the use of its Ètò electronic call-up system.
The training was held recently at Customs Processing Centre (CPC) Auditorium, Apapa, Lagos, in collaboration with the Nigeria Customs Service (NCS) and supported by the leadership of the Joint Association of Licensed Customs Agents and Freight Forwarders (JALCAFF), Apapa Command.
Speaking at the event, Comptroller Babatunde Olomu expressed appreciation to TTP for facilitating the training and emphasized the need for customs agents to take personal ownership of the Ètò booking process.
“I want to thank TTP for this impactful training. I encourage all customs agents to begin doing their own bookings directly. By doing so, they can take back power from the unscrupulous elements exploiting their lack of knowledge, selling tickets at highly inflated prices,” Olomu declared.
He noted that empowering agents with hands-on training was key to dismantling racketeering networks that have plagued access to the ports and frustrated efficient logistics processes.
Also speaking, the Chairman, Apapa Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA), Chief Emeka Chukwumalu, said the engagement was critical to the ongoing push to reduce cargo transportation costs and ease business operations at the Apapa Port.
According to a freight forwarder, “The training is basically for us to have awareness of the operations of the Ètò call-up system through TTP. We also want to brainstorm on ways to reduce the high cost of cargo transportation in Apapa Port.
“This training opened our eyes to how simple it is to book tickets ourselves. We now know the right steps to follow and how to avoid falling victim to fraudsters.”
Earlier, Head of Operations at TTP, Mr. Irabor Akonoman, talked on common misconceptions about ticket pricing, reaffirming that the cost of Ètò bookings had remained consistent since its inception.
“The official price remains the same since inception. What people are paying higher amounts for is the manipulation by racketeers”.
Business
NECA Holds MSME Fair To Drive Growth
Towards strengthening small businesses and promoting a more supportive regulatory environment, the Nigeria Employers’ Consultative Association (NECA) says it will hold the 2025 edition of its flagship MSMEs Fair on Tuesday (May 6, 2025).
The event, themed, “Galvanising MSMEs for Economic Growth and Stability”, will take place at NECA House in Lagos.
According to NECA’s Director-General, Mr Adewale Smatt Oyerinde, the fair seeks to provide micro, small, and medium enterprises with essential tools, resources, and strategic networks to thrive in Nigeria’s challenging business climate.
He emphasised the vital role MSMEs play in national development, describing them as the “lifeblood of Nigeria’s economy.”
Oyerinde noted that the fair is designed to offer entrepreneurs practical solutions to navigate economic uncertainties, regulatory hurdles, and business scalability issues.
A major attraction of this year’s event is the keynote address by the CEO of FATE Foundation, Mrs. Adenike Adeyemi, a prominent advocate for MSME development.
She is expected to share transformative insights on innovative strategies for sustaining and growing small businesses in Nigeria.
A unique feature of the fair will be interactive sessions with key regulatory bodies. Entrepreneurs will engage directly with agencies responsible for licensing, compliance, taxation, and business registration.
NECA said these sessions aim to demystify bureaucratic processes and foster a more enabling business environment.
It also said the fair will provide a platform for entrepreneurs to exhibit their products and services, connect with potential investors, and explore new markets.
It added that participants would gain critical knowledge on digital transformation, access to finance, and strategies for sustainable business growth.
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· NECA stressed that the fair aligns with its broader mission of promoting enterprise development and economic resilience.
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· “By empowering MSMEs with the right support and information, the organisation aims to stimulate job creation, innovation, and long-term economic stability”, NECA said.
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· The 2025 MSMEs Fair is expected to attract a wide range of stakeholders, including financiers, tech experts, regulators, and industry leaders, all united in advancing the growth of Nigeria’s MSME sector.
Business
Over 2m Passengers Board Blue Rail Train – Commissioner
The Lagos State Commissioner for Transport, Mr Oluwaseun Osiyemi, says over two million passengers have been transported on the Blue Line Rail since its launch, while state-run buses move an average of 42,000 commuters daily.
Osiyemi, who disclosed this during the Year 2025 Ministerial press briefing held at the Bagauda Kaltho Press Centre, Alausa, on Tuesday, noted that the Lagos State Transport Policy, launched in May 2024, was now in its implementation phase, focusing on inclusivity, safety, affordability, and sustainability.
“On rail development, Phase One of the Blue Line (Marina to Mile 2) has served over two million passengers, with Phase Two (Mile 2 to Okokomaiko) in progress.
“Phase One of the Red Line (Agbado to Oyingbo) is now operational with eight stations and additional rolling stocks procured, while Phase two (Oyingbo to link Blue Line at National Theatre) is underway”, he said.
The Commissioner said in the state-owned bus operations, over 60 million commuters have been served since 2019, with daily ridership exceeding 40,000.
He also said plans were on to deploy new buses with Quality Bus Corridors under construction, adding that the Abule=Egba Bus Terminal had also been commissioned.
“For water transport, 15 locally-built Omibus Ferries have been launched and are in operation, with the Ijegun Egba Terminal now open.
“The OMI EKO project, in partnership with the French Development Agency (AFD), will deliver 25 terminals and 78 electric ferries.
“Over 280,000 passengers have used ferry services in the past year, and 12 boats have been upgraded to meet safety standards”, he said.
On road infrastructure and traffic management, the Commissioner said 49 junction improvement projects had been completed, including ongoing ones at Ikorodu, Iju, as well as Allen-Opebi-Toyin axis.
He added that solar-powered Traffic Signal Lights, road markings covering 67.9km, new medians, laybys, and 3,941 parking lots had also been provided.
Additionally, Osiyemi announced that the deployed Automatic Number Plate Recognition cameras had detected over 470,000 traffic violations and that the Vehicle Inspection Service issued over one million roadworthiness certificates.
He also said that the Lagos State Drivers’ Institute trained more than 32,000 drivers in the past 13 months.
The event marked the second anniversary of Governor Babajide Sanwo-Olu’s second term, showcasing major strides in the transport sector under the THEMES+ agenda.
Nkpemenyie Mcdominic, Lagos
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