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Lagos Touts Rake in N123bn Yearly – ICIR Report

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The International Centre for Investigative Reporting (ICIR) has reported that touts, better referred to as Agberos make as much as N123 billion revenue every year in Lagos, Nigeria’s busiest business hub.

The ICIR based its report on the number of commercial vehicles in Lagos including buses, tricycle, bikes that ply the metropolis.

Here is the Centre’s analysis:

There are 75,000 commercial buses (danfos) in Lagos, according to the Lagos Metropolitan Area Transport Authority (LAMATA) estimates.
The report states that: Each commercial vehicle driver pays at least N3,000 to agberos, also known as ticket touts, every day, according to oral testimonies obtained from more than 50 commercial bus drivers in 21 out of 37 local council development authorities (LCDAs) in Lagos.
This means that these drivers pay N225 million each day, N6.75 billion each month, and N82.125 billion each year to agberos in Lagos.
That is not all. There are at least 50,000 tricycles (Keke Marwas) in Lagos, according to a 2020 report by Techcabal – Never mind the Lagos State government’s recent ban, which is just a mere pronouncement.
More than 60 tricycle drivers in 21 LCDAs in the commercial city said that they paid at least N1,800 to agberos each day. This is just a conservative estimate.
Going by the figure provided by MOALS members, there are 37,000 commercial motorcycles in Nigeria’s commercial hub. By implication, motorcycle riders pay N22.2 million to agberos each day, N666 million each month, and N8.103 billion each year.
In total, commercial buses, tricycles and motorcycles pay N123.078 billion to agberos in Lagos each year. This excludes taxis as there are no relevant data on this category.
The N123.078 billion generated by agberos each year amounts to 29.4 per cent of Lagos State’s Internally Generated Revenue (IGR) of N418.99 billion in 2020.
The amount is bigger than the IGR of any other state in Nigeria last year.

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Disu Inaugurates Committee for Implementation of State Police

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The Inspector-General of Police, Tunji Disu, on Wednesday inaugurated an eight-member committee to oversee the implementation of state police and the rollout of his policing vision, following his confirmation as the 23rd indigenous IGP.

TVC reports that Disu held his first formal engagement with senior police officers since his confirmation, days after the Nigeria Police Council unanimously ratified his appointment, clearing the way for his swearing-in by President Bola Tinubu at the Presidential Villa.

Professor Olu Ogunsakin was appointed to lead the eight-member state police committee.

Addressing the top hierarchy of the force, the IGP said leadership is “not about position but responsibility,” stressing that professionalism and accountability must guide conduct and operations across commands nationwide.

He emphasised that authority is strongest when exercised with restraint and that respect for human rights must remain fundamental, adding that every Nigerian should be treated with dignity, fairness, and justice, regardless of status or background.

Disu also announced plans to strengthen internal oversight, directing that the Public Complaint Unit and X-Squad be empowered to operate independently.

On decentralisation, he said the move would allow different levels of government to play an active role in security.

The inauguration of the state police implementation committee comes at a critical time for the Nigeria Police Force, following a leadership change at the top.

President Bola Tinubu appointed Disu as the Acting Inspector‑General of Police on February 24, 2026, after the resignation of his predecessor, Kayode Egbetokun.

Disu’s elevation followed a meeting between the outgoing IGP and the President at the Presidential Villa in Abuja, and his appointment was later unanimously endorsed by the Nigeria Police Council.

He is expected to be formally sworn in as substantive IGP during the Federal Executive Council meeting on Wednesday.

Disu’s appointment comes amid heightened concern over security challenges across the country, including rising cases of kidnappings, banditry, and community attacks.

The state police initiative championed by the current administration is part of broader security sector reforms aimed at decentralising policing powers to enhance responsiveness at local levels.

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Senate Rescinds Resolution Seeking Sack of Magaji As CAC Registrar-General

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The Senate Committee on Finance, on Monday, rescinded its resolution seeking to remove the Registrar-General of Corporate Affairs Commission (CAC) Mr. Hussaini Ishaq Magaji (SAN), from office.

The committee, which is chaired by Senator Sani Musa, had on Thursday last week called on President Bola Tinubu to sack Magaji for ignoring parliamentary invitations to give an account of the operations of his agency.

But, at its resumed sitting in Abuja on Monday, the committee reversed itself after Magaji showed up, expressing remorse for his actions and apologising to the lawmakers.

It was the Chairman of Senate Committee on Customs, Senator Jibrin Isa (Kogi-East), who came to Magaji’s rescue by moving a motion, urging the committee to rescind the earlier resolution.

He was seconded by Katsina-North senator Nasir Musa Zango Daura.

However, before he got a reprieve, Musa criticised Magaji over his conduct, noting that he had no regard for the Legislature.

He stated, “This committee is not happy with you for your persistent refusal to appear before it in the past or sending junior officers to it. That’s not acceptable.

“The constitution grants us oversight powers over all revenue-generating agencies. At our last sitting, the committee recommended your removal, but you appeared shortly after our pronouncement.

“We want an explanation.”

Magaji immediately apologised for his behaviour, pleading that such would not be repeated again.

He blamed the development on communication breakdown, which he would address by establishing a liaison office at the National Assembly to improve interactions between the two sides.

“Mr Chairman, I sincerely apologise to the committee. I was returning from Lagos and asked my team to inform the committee ahead of time. Unfortunately, I arrived late.

“We have now created a dedicated liaison office to handle interactions with the National Assembly. I assure you this will not happen again. I take full responsibility and hold this committee in high esteem,” he added.

His show of remorse led to the withdrawal of the resolution with a warning not to ignore legislative invitations next time.

During last Thursday’s sitting, the committee had accused Magaji of failing to honour the Senate’s invitations to account for the finances of his agency.

“He refused on so many occasions to honour our invitation to appear before this committee.

“We have issues with the reconciliation of the revenue of CAC.

Each time we invite him, he gives us excuses,” Musa said as the committee passed the resolution.

A former Governor of Abia State, Senator Orji Uzor Kalu, had moved the motion for his removal.

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NELFund Extends Deadline for Student Loan Applications Nationwide

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The Nigerian Education Loan Fund (NELFund) has extended the deadline for student loan applications following a surge in nationwide interest driven by its ongoing sensitisation campaign across the country.

The extension comes after an earlier notice issued by the Fund announcing that the student loan application portal would close on February 27, 2026.

The Director, Strategic Communications of NELFund, Mrs. Oseyemi Oluwatuyi, who conveyed this in a statement on Monday in Abuja, said growing feedback from students, tertiary institutions, and other stakeholders prompted the management to grant additional time to enable more eligible applicants to complete the process.

NELFund explained that the decision was informed by the sharp increase in applications and inquiries recorded in recent weeks, as awareness of the Federal government’s student loan scheme continues to expand nationwide.

According to the Fund, the extension is aimed at accommodating students who require additional time to finalise their applications, as well as prospective beneficiaries who only recently became aware of the programme during nationwide sensitisation engagements.

The additional window would also support institutions newly commencing their 2025/2026 academic session and those yet to submit verified student data required for processing applications.

The Managing Director and Chief Executive of NELFund, Mr. Akintunde Sawyerr, reaffirmed the agency’s commitment to inclusivity and equitable access to tertiary education financing.

He noted that the extensive sensitisation campaigns conducted across the six geopolitical zones significantly boosted awareness and participation in the scheme.

“Our sensitisation efforts have increased nationwide participation.
In line with our mandate to expand access to tertiary education financing, we have approved an extension to ensure all eligible students have a fair and equal opportunity to apply,” he said.

NELFund further advised institutions that have not commenced the 2025/2026 academic session to formally request an extension, accompanied by their approved academic calendar, for consideration by the Fund.

Students were strongly encouraged to utilise the extended period to complete their applications through the official NELFund portal before the final closure date.

The Fund reiterated its commitment to transparency, accountability, and sustainable student financing initiatives aimed at removing financial barriers to higher education in Nigeria.

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