Lagos State released its financials for the period Q1 2020, revealing an actual revenue of ₦282.6 billion for the quarter, 101% higher than the actual revenue of Q1 2019 which had been ₦140.7 billion. This was also 6% higher than the budget for 2020 which stood at ₦267.8 billion. Attributed to the breakdown were ₦100.3 billion on internally generated revenue, ₦141 billion on capital receipts, and ₦41.2 from federal transfers.
Read moreThe Governor’s Committee on Lagos Water visited Adiyan I Water Plant in a bid to evaluate its operations while also proffering ways to improve its services to the increasing population of Lagos state.
Read moreTowards attaining the development of Lagos State as a preferred investment destination and as a Mega City in its own right, the Sanwo-Olu led administration has employed a myriad of strategies to foster the development of the state. Despite the economic constraints of the period, a range of projects cutting across several industries particularly as part of the state’s T.H.E.M.E.S agenda have been ventured into. One of such strategies is its use of multilateral and governmental partnerships. While this has been carried out across several sectors, some of the largest gains have been made in the transportation sector.
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