Amid revenue surge, Lagos sets to acquire more debt
By Gbenga Salau
01 December 2019 | 4:16 am
As Assembly Approves N250b Loan
With the swearing in of the commissioners and special advisers by Lagos State Governor, Mr. Babajide Sanwo-Olu, governance in the state ought to get more energetic. This also implies that the different socio-economic sectors of the state would be feeling the push and pull of government, which is likely to lead to the execution of a number of projects.
Over the years, the tradition is for government to finance its projects, especially capital projects, through Internally Generated Revenue (IGR), federal allocation or loans. And Lagos State government had used all of these instruments to finance its projects.