Sanwo-Olu Launches Women Economic Empowerment Policy in Lagos

Published

1 year ago

July 23, 2025

Governor Sanwo-Olu unveils Lagos Women Empowerment Policy to dismantle systemic barriers and promote inclusive economic growth across key sectors in the state

Lagos State Governor Babajide Sanwo-Olu has launched the Lagos Women Empowerment Policy to tackle inequality and promote inclusive economic growth.

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Speaking at the launch event at Shell Hall, MUSON Centre, Onikan, Sanwo-Olu said the policy would remove barriers that limit women in agriculture, entrepreneurship, education, and technology.

“This roadmap is not just a document,” the governor said. “It is a strategic tool to unlock the full potential of the women of Lagos State.”

The policy was developed by the Ministry of Women Affairs and Poverty Alleviation after consultations with private sector leaders, NGOs, and community groups.

It focuses on increasing access to finance, digital tools, mentorship, and better working conditions for women in both formal and informal sectors.

Commissioner Bolaji Dada said the roadmap provides a clear direction to expand training and support for women-owned businesses.

“When we empower a woman, we uplift a household, strengthen the economy, and build a better Lagos,” she stated.

Also read: Lagos State New Laws Aim to Transform Governance in 2025

The Lagos Women Empowerment Policy aligns with the government’s development plans and is expected to drive long-term economic and social impact.

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

Published

7 hours ago

October 27, 2026

Peculiar Adirika

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.

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.

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.

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.