• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Lagos State seeks revenue upsurge, partners IFC

Damilare Famuyiwa by Damilare Famuyiwa
January 17, 2019
in Business News, Politics
Akinwumi Ambode

Akinwunmi Ambode, Lagos State Governor

Share on FacebookShare on TwitterShare on Linkedin

Lagos State has signed a Memorandum of Understanding (MoU) with a member of the World Bank Group, International Finance Corporation (IFC). The partnership is aimed at boosting the state’s revenue generation.

Akinyemi Ashade, the state Commissioner for Finance, said the partnership will also enhance the provision of infrastructure in the state.

“We welcome IFC’s support and are confident that signing this memorandum will translate into viable infrastructure projects, expertise building and better access to financing for the benefit of all Lagosians,” Ashade said.

The IFC’s Country Manager for Nigeria, Eme Essien, said the partnership was in line with the organisation’s programme, tagged, ‘IFC’s Cities Initiative,’ which was aimed at mobilising commercial financing for priority urban projects and connecting cities with capital markets.

RelatedStories

President Bola Tinubu,

FG clarifies proposed $21.5 billion debt, taps World Bank, ADB, China, France, EU for new loan

May 27, 2025
World Bank: Food insecurity in Africa soars by 60% despite production gains 

World Bank: Food insecurity in Africa soars by 60% despite production gains 

May 27, 2025

Essien further stressed that the agency’s objective is to support Lagos State’s efforts to improve living conditions, expand and renew its infrastructure, and help reinforce Lagos’s position as an attractive investment destination – and by extension Nigeria’s position.

IFC’s roles in the partnership

Aside from boosting the state’s revenue generation and provision of infrastructure, the agency will also provide advisory services to Lagos to enhance infrastructure development in key areas, including power, education, health, environment and transport, with a special focus on the provision of electric buses.

IFC will also be able to advise on strategies and policies for electric buses and ride-hailing services and assist Lagos State on its revenue mobilisation strategies.
However, the Governor Akinwunmi Ambode-led administration had enrolled Lagos Building Investment Company Plc (LBIC) into Lagos State Electronic Banking System of Revenue Collection and Monitoring.
The State government appointed LBIC to collect its revenues.

About IFC

The International Finance Corporation is an international financial institution that offers investment, advisory, and asset management services to encourage private-sector development in developing countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C.


Follow us for Breaking News and Market Intelligence.
Tags: IFCInternational Finance CorporationLagos StateWorld Bank
Damilare Famuyiwa

Damilare Famuyiwa

Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ). Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.

Related Posts

President Bola Tinubu,
Economy

FG clarifies proposed $21.5 billion debt, taps World Bank, ADB, China, France, EU for new loan

May 27, 2025
World Bank: Food insecurity in Africa soars by 60% despite production gains 
Agriculture

World Bank: Food insecurity in Africa soars by 60% despite production gains 

May 27, 2025
Lagos emerges the world’s fastest-growing tech city in 2025 
Sectors

Lagos emerges the world’s fastest-growing tech city in 2025 

May 22, 2025
solar plants
Companies

IFC, Canada invest $5 million in Husk Nigeria to boost access to clean energy in underserved communities 

May 15, 2025
World Bank, Tanzania
Economy

World Bank faults CBN’s OMO policy, says not working “effectively”  

May 14, 2025
Lagos plans N500 entertainment tax, eyes N20 billion annual revenue 
Real Estate and Construction

Lagos state delivers 9,970 housing units in six years, targets more homes by 2026 

May 13, 2025
Next Post
Biden should widen the AGOA for integration with the AfCFTA - Atiku, Intels denies NPA statement, Nigerian Ports Authority and Intels, Atiku Abubakar, Atiku claims he has big plans for private sector investment in infrastructure, Coronavirus: Atiku calls for petrol pump price reduction, stamp duty suspension

What Atiku Abubakar plans to do to CBN's Godwin Emefiele

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Top 10 most expensive states to live in Nigeria in May 2025 
  • OPEC+ output falls short in May as members cut oil to offset quota breaches
  • NGX Banking Index slips over 3% as investors dump banking stocks in early pre-market 

Follow us on social media:

Recent News

Top 10 most expensive states to live in Nigeria in May 2025 

Top 10 most expensive states to live in Nigeria in May 2025 

June 16, 2025
OPEC, crude oil production

OPEC+ output falls short in May as members cut oil to offset quota breaches

June 16, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics