Lagos State Government has said that it plans to allocate N550.689 billion, or 24.28% of its 2024 budget, to infrastructure development and maintenance. The Commissioner of Economic Planning and Budget, Mr Ope George, who made this disclosure during the state’s ‘2024 Budget Analysis’ held at Alausa Ikeja, listed some of the key projects as including […]
Governor Babajide Sanwo-Olu on Monday signed the N2.267 trillion 2024 Appropriation Bill of Lagos State into law at a ceremony in the State House, Alausa Ikeja. Tagged the “Budget of Renewal”, the state government listed the key thrusts of the capital expenditures as infrastructure, environment, education and technology, just as it significantly raised allocation to […]
Lagos State governor, Mr. Babajide Sanwo-Olu, has said the current tax revenue being generated by the Lagos State Government is too low to government’s actual projection and the state’s tax revenue potential. The governor, who made this remark when he hosted members of Presidential Committee on Fiscal Policy and Tax Reforms, led by the Chairman, […]
The Lagos State Government has expressed its readiness to partner with potential investors and distribution companies (DisCos) as part of its sustained efforts to achieve sustainable electricity in the state. The State Governor, Mr. Babajide Sanwo-Olu, who made this remark when he hosted a delegation of the Board of Eko Electricity Distribution Company (EKEDC) and […]
Lagos State Governor, Mr. Babajide Sanwo-Olu, has unveiled a 30-year development plan for Lagos State, which will be implemented between 2022 and 2052. The governor, who unveiled the plan at the closing ceremony of 9th Edition of Ehingbeti Lagos Economic Summit, also signed the Lagos State Wealth Fund (LSWF) Bill which will be sent to […]