Connect with us

Hi, what are you looking for?

Local News

Sanwo-Olu Estimates That Lagos Will Require $15 billion In Infrastructure Over The Next Five Years

Tenants Will Pay On A Monthly Basis In 2022 - Sanwo-Olu
Sanwo-Olu Estimates That Lagos Will Require $15 billion In Infrastructure Over The Next Five Years

Touchaheart Nigeria reports that due to its growing population and limited geographical space, Lagos State Governor Babajide Sanwo-Olu has revealed that the state will require $15 billion in infrastructure over the next five years.

On Thursday, the Governor stated this while speaking at the Office of the Sustainable Development Goals and Investment’s third Lagos Investors’ Roundtable and the introduction of the Deal Book.

The Governor claims that such a rule is necessary due to the state’s growing population and limited geographical territory.

This was contained in a statement by Gboyega Akosile, chief press secretary to the governor, Sanwo-Olu.

“We believe that given the rising population and limited geography space that we have, Lagos will indeed require about $15 billion over the next five years on infrastructure alone. $15 billion is about five times the budget that we currently have. Lagos’ budget is about $3 billion today,” the statement quoted Sanwo-Olu as saying.

Click to comment

Leave a Reply

Your email address will not be published.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

You May Also Like

BREAKING NEWS

In the bustling streets of Lagos, where the cacophony of horns and the endless flow of vehicles are the norm, a recent incident sent...

BREAKING NEWS

Allegations of financial impropriety have once again rocked the public sphere, with accusations of fraudulent activity involving the former Chairman of the Federal Inland...

BREAKING NEWS

In a surprising turn of events, the Supreme Court has made a groundbreaking statement, asserting that a fire outbreak will not have any bearing...

News

In a recent and alarming development, President Bola Tinubu has issued a directive to security agencies to take swift action in rescuing the remaining...