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Sanwo-Olu Launches Powerful Badagry Electrification Project

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Sanwo-Olu

Sanwo-Olu launches Badagry electrification project to improve power supply, boost businesses and strengthen infrastructure in Lagos border communities

Lagos State Governor Babajide Sanwo-Olu on Wednesday commissioned major electricity infrastructure projects in the Badagry axis, describing the initiative as a strategic investment aimed at transforming energy supply and stimulating economic growth in border communities.

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Governor Babajide Sanwo-Olu, represented by the Deputy Governor Dr Kadri Obafemi Hamzat, unveiled the electrification projects during a ceremony attended by government officials, lawmakers and community leaders in Badagry.

The infrastructure includes three high-capacity tower crossings, the rehabilitation of 33KV distribution lines along the Gbaji–Seme and Owode–Apa corridors, and the connection of 51 transformer substations designed to resolve longstanding electricity challenges in the area.

Governor Babajide Sanwo-Olu said the intervention was not merely about unveiling new power installations but about restoring confidence among residents and businesses that have endured years of unreliable electricity supply.

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The governor explained that the Sanwo-Olu Badagry electrification project aligns with the administration’s THEMES+ Development Agenda, particularly the commitment to expanding energy access and strengthening resilient infrastructure across Lagos State.

“This intervention aligns strongly with our THEMES+ Development Agenda, particularly our commitment to expanding energy access and building resilient infrastructure that supports economic growth across every part of Lagos State,” Governor Babajide Sanwo-Olu said.

The governor added that the recent inauguration of the Board of the Lagos State Electricity Regulatory Commission has positioned the state to regulate and expand electricity distribution more effectively.

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Governor Babajide Sanwo-Olu noted that improved power supply would allow traders to extend business hours, enable artisans and small manufacturers to boost productivity, and support schools and healthcare facilities to operate more efficiently.

The electrification project is expected to strengthen electricity distribution across the Gbaji–Seme and Owode–Apa corridors, delivering more stable power to thousands of homes, shops and businesses across Badagry’s border communities.

Governor Babajide Sanwo-Olu emphasised that Badagry remains a critical economic gateway linking Nigeria with the Republic of Benin and other West African markets, making sustained infrastructure investment essential for trade and cross-border commerce.

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The governor congratulated residents of Gbaji, Seme, Owode, Apa and neighbouring communities, urging them to safeguard the new installations from vandalism to ensure long-term benefits.

Speaking at the event, the Chairman of the Lagos State House of Assembly Committee on Energy and Mineral Resources, Honourable Sabur Akanbi Oluwa, described the electrification project as a major step toward expanding reliable electricity access in Lagos.

Honourable Sabur Akanbi Oluwa said the strengthened power infrastructure would stimulate economic activities, improve community security and raise living standards in the affected areas.

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Earlier, the Commissioner for Energy and Mineral Resources, Mr Biodun Ogunleye, explained that the project was initiated to tackle persistent electricity challenges in the Badagry axis.

Mr Biodun Ogunleye said the newly installed infrastructure would boost power distribution capacity and significantly improve electricity supply across the communities.

Also read: Sanwo-Olu Defends Makoko Demolitions, Cites Public Safety

Also speaking, the Special Adviser to the Governor on Mineral Resources, Engineer Abiola Olowu, described the project as a milestone reflecting the state government’s commitment to delivering critical energy infrastructure that supports socio-economic development in Lagos.

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Economy

NRS Assures Taxpayers VAT Remains at 7.5% Amid Tax Reform Concerns

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NRS

NRS VAT rate remains 7.5%, the agency says, while addressing concerns over bank deductions, loans and the implementation of Nigeria’s tax reforms

The Nigeria Revenue Service (NRS) has assured taxpayers that Nigeria’s standard Value Added Tax (VAT) rate remains 7.5 per cent, while addressing concerns over the implementation of the country’s new tax reforms.

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The assurance was given by the Tax Administrator responsible for Kano, Jigawa and Katsina states, Samaila Abdullahi, during an NRS stakeholders’ engagement and tax reform sensitisation programme in Kano.

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Abdullahi said concerns raised by individuals, traders, business owners and other stakeholders about the new tax laws were understandable, particularly questions relating to bank transactions, loans, family transfers, business income and the potential impact on small businesses.

He urged taxpayers to understand the reforms through the provisions of the law rather than rely on assumptions or misinformation.

According to him, the tax laws do not automatically authorise deductions from personal bank accounts.

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He stressed that tax collection and recovery must follow the applicable legal provisions and procedures.

Abdullahi also clarified that money received as a loan should not automatically be classified as business income or profit, explaining that proper documentation is essential to establish the nature of a transaction.

“For instance, when a trader receives a loan of N500,000, the amount should not automatically be treated as N500,000 in sales or profit, provided the transaction is properly documented,” he said.

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The NRS official’s comments were aimed at addressing public concerns about how the new tax framework would affect personal finances and business transactions.

He emphasised the importance of distinguishing between taxable business receipts and other funds, such as documented loans, when determining a taxpayer’s obligations.

The clarification comes amid heightened public interest in Nigeria’s tax reforms and questions about their implications for individuals, traders and small businesses.

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Also read: Wike Celebrates Fintiri at 59, Hails Him as Loyal Friend

The NRS urged taxpayers to rely on the provisions of the law and official explanations when assessing their obligations under the new framework.

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