General News
Lagos Lawmakers Commend LIRS on Historic N1 Trillion Revenue Milestone

Legislators in Lagos State have commended the Lagos State Internal Revenue Service (LIRS) for achieving an unprecedented milestone in revenue generation, surpassing ₦1 trillion.

This landmark accomplishment positions LIRS as the first sub-national revenue agency in Nigeria to attain such a feat, reflecting its professionalism, efficiency, and commitment to transparent tax administration.
Former Chairman of the House Committee on Economic Planning and Budgeting, Hon. Lukman Sa’ad Olumoh, alongside Hon. Femi Saheed, former Chairman of the House Committee on Finance, lauded LIRS and its Executive Chairman, Mr. Ayodele Subair, for their exemplary leadership and dedication to enhancing the state’s revenue performance.
In a recent interview, Hon. Lukman Sa’ad Olumoh described the achievement as a testament to the dedication and expertise of the LIRS team. He emphasized that Lagos State has set a benchmark in revenue collection, serving as a model for other states to emulate. Representing the Ajeromi-Ifelodun Constituency 01 in the Lagos State House of Assembly, he praised Mr. Subair for fostering a culture of efficiency and innovation within the agency, which has significantly contributed to its success.
Speaking during the 2024 budget signing ceremony, Hon. Lukman Sa’ad Olumoh conveyed to Governor Babajide Sanwo-Olu that Lagos State has reached an exceptional level in revenue generation.
He acknowledged LIRS’s historic achievement of surpassing the N1 trillion mark and expressed confidence in the agency’s ability to exceed future targets.
He further urged the state government to sustain its support for LIRS, emphasizing that continued improvements in revenue collection could reduce reliance on external borrowing.
“You cannot expect remarkable results without placing the right people in key positions. LIRS is managed by a team of highly skilled professionals. While it operates as a government agency, its structure and operations reflect global best practices.
“The agency has evolved into a world-class institution, moving from Good Shepherd’s House to the state-of-the-art Revenue House. A visit to its facilities will reveal an environment that fosters excellence.
“Under the leadership of Mr. Ayodele Subair, a visionary and dedicated professional, LIRS has achieved remarkable success. The agency’s work culture and improved operational environment have been instrumental in reaching this milestone,” Hon. Lukman Sa’ad Olumoh stated.
Looking ahead, Hon. Lukman Sa’ad Olumoh noted that based on LIRS’s consistent performance, the revenue target for 2025 has been set at N1.4 trillion.
He assured that as Lagos’s economy continues to expand and more employment opportunities are created, this growth in revenue collection would not impose additional burdens on residents but rather result from enhanced tax compliance and structured reforms.
“LIRS has demonstrated steady growth over the past five years. We have set a revenue target of N1.4 trillion for 2025, and I am confident that the agency can surpass this goal. Lagos State has the capacity to generate over N4 trillion in internal revenue without negatively impacting its residents,” he added.
He also highlighted the role of upcoming tax reforms at the federal level, noting that the Joint Tax Board (JTB) would ensure a well-structured tax administration system.
He reassured the public that no adverse fiscal policies would be introduced, emphasizing that the focus remains on improving compliance and fostering a positive tax culture.
In a formal congratulatory letter addressed to Mr. Subair, Hon. Femi Saheed, who represents Kosofe II Constituency, commended the LIRS team for their dedication, resilience, and strategic approach to revenue collection.
He reiterated the Lagos State House of Assembly’s commitment to providing the necessary legislative support to enable the agency to achieve even greater success.
“I extend my heartfelt congratulations to you and your forward-thinking management team for surpassing the N1 trillion revenue mark in 2024.
“My colleagues and I commend your resilience, transparency, and commitment to excellence. Your achievements bring immense pride to Lagos State, and I am confident that 2025 will be even more rewarding.
“As a key revenue agency, we remain dedicated to supporting your efforts in achieving greater milestones,” the letter stated.
With this historic achievement, LIRS continues to reinforce its position as a leader in revenue generation, setting new standards for tax administration in Nigeria.
General News
NSE, Indian Firm Donate Design Software to Universities

Nigerian Society of Engineers (NSE), in collaboration with MIDAS IT, India, have donated engineering software valued at over $15 million to 15 Nigerian Universities.

MIDAS IT is also conducting a technical workshop to train the universities on the use of the engineering software in designing structures, especially in the area of civil engineering.
Mrs Margaret Oguntala, president of NSE, at the handover ceremony, in Abuja, said the collaboration, which is in line with the Society’s mission, is aimed at training young Engineers who would lead the profession in the future
She advised the benefiting universities to use the software productively and to ensure that the students transition from academic concepts to real-world applications.
“I would like to emphasize that the future of our profession lies in the hands of our young ones. It is our collective duty to guide, support, and inspire them to rise to their full potential.
“Through structured mentorship and active knowledge-sharing, we can equip the next generation to lead the engineering profession with vision, competence, and excellence.
“As the world continues to embrace the Fourth Industrial Revolution, it has become increasingly critical for us as a country to create deliberate pathways for our young innovators to transition from classroom concepts to real-world applications.
“I therefore urge the benefiting universities in this programme to intensify their efforts in closing the gap between academia and industry. By doing so, we will ensure that our engineering graduates are well-prepared to function effectively and confidently in the professional space from the moment they leave the university,” she said.
Minister of Innovation, Science and Technology, who was represented by the Okoro Ikechukwu, director of ICT, said the Ministry would always support any action that strengthens the link between Education, innovation, and industry.
“We are always committed to supporting initiative that strenghtens the linkage between education, innovation, and industry, and of course, to drive our collective vision for a knowledge-based and technology-enabled Nigeria. We are always open for partnerships in this regard,” he said.
Mr Bello Goronyo, minister of State for Works, said, “I am particularly pleased to see that this handover is accompanied by a Technical Training Workshop. The best software in the world is useless without skilled hands to operate it.
“This crucial step ensures that the knowledge transfer is complete, empowering our lecturers and coordinators to fully integrate these tools into their curricula for maximum impact.
“The Federal Government’s agenda prioritizes quality infrastructure and local content development and is committed to facilitating a fertile ground for collaboration between industry, government, and academia to advance our technological competitiveness.
“Today’s event is a vibrant demonstration of that commitment,” he said.
Naga Ravi Anne, managing director, Africa and UAE Region of MIDAS IT, emphasised the importance of providing the right tools that would facilitate training for children.
He added that this first stage of donation is focused on supporting civil engineering and that they would consider providing software for mechanical engineering in the next stage.
Abdulrahman Salawu, Vice Chancellor of Confluence University of Science and Technology, on behalf of the 15 universities, promised to use the software effectively, adding that the universities would work towards developing their own software.
General News
New Science Minister Charts Roadmap for Innovation, National Development

Kingsley Tochukwu Udeh, Nigeria’s newly appointed minister of Innovation, Science and Technology, has pledged to reposition the ministry as a catalyst for national development through a renewed focus on innovation, research, and technology-driven solutions.

Speaking at a leadership strategic meeting with directors and heads of agencies under the ministry in Abuja on Friday, Udeh said the session was convened to chart a 12-month strategic plan aligned with President Bola Ahmed Tinubu’s Renewed Hope Agenda.
“We have identified the key things that we, as an ecosystem — the ministry and its agencies — want to achieve in the next 12 months in line with the Renewed Hope Agenda,” Udeh said.
“We understand the importance of our mandate. If we are to rise to become one of the leading nations of the world, we must take innovation, science and technology seriously — and we have resolved to do exactly that.”
Udeh emphasised that science, technology and innovation (STI) are central to Nigeria’s transformation, not only in economic growth but also in addressing challenges such as insecurity, unemployment, and underdevelopment.
“It will be innovation, science and technology that provide solutions to advance our progress and development — that even tackle the hard-headed monster of insurgency and terrorism,” he stated.
The minister said the meeting produced a set of “quick wins” that would begin to show visible impact from next week. He also underscored the need for synergy and teamwork among all agencies under the ministry to deliver measurable results.
“We have agreed as a leadership that we will work as a team, identify quick wins, and begin to make remarkable impacts immediately. What will make us relevant is the impact we make in the lives of Nigerians,” Udeh added.
Udeh, who was confirmed by the Senate in November 2025 following his nomination by President Tinubu, replaces Uche Geoffrey Nnaji, who resigned in October.
The meeting concluded with a pledge of unity among the ministry’s leadership and a commitment to ensuring that Nigeria’s innovation and technology ecosystem drives inclusive national progress.
General News
Senate Committee Says $300Bn Lost to Oil Theft

The Senate ad hoc committee investigating persistent crude oil theft in the Niger Delta has disclosed that a forensic audit conducted by independent consultants revealed that suspected oil thieves stole more than $300 billion worth of oil, which ought to have been Nigeria’s proceeds from crude oil sales.

Senator Ned Nwoko, chairman of the committee made the disclosure this while presenting an interim report of the committee during Wednesday’s plenary, adding that the findings were based on a forensic review conducted by consultants engaged by the committee.
The Senator representing Delta North Senatorial District explained that the stolen funds were traced to both local and international transactions, however, requested that the committee should be given the mandate to track, trace, and recover all proceeds of stolen crude oil both locally and internationally
“The ad hoc committee should be given the mandate to track, trace, and recover all proceeds of stolen crude oil both locally and internationally, as forensic review by the consultant shows over $22 billion, $81 billion, and $200 billion remains unaccounted,” he said.
Nwoko who did not disclosed identity of the consultants, stated that the period covered by the forensic report, the identities of the suspected perpetrators and the companies allegedly involved.
The federal lawmaker, however, pointed out that the report was interim, suggesting that more findings would be made public in the committee’s final submission, adding that the committee recommended that the Nigerian government establish a special court dedicated to prosecuting oil-related offences and offenders appropriately.
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