NEWS: Lagos Generated Over N500 Billion In 2017 Despite Harsh Economy- Says Ambode

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Governor of Lagos State, Akinwunmi Ambode on Thursday said that the state produced a sum of N503.7 billion revenue in 2017, notwithstanding the cruel economic weather in the country.

Ambode made this statement at the state’s first quarter 2018 Town Hall Meeting in Ikeja.

The governor said that he would strongly follow all infrastructure projects and stay focused to the goal of building a virile Lagos.

“Despite the harsh economy, our state budget performed at 82 per cent.

“Total revenue generated was N503.7bn representing a performance of 78 per cent; total recurrent expenditure was N281.33bn, representing a performance of 92 per cent; while total capital expenditure was N387.60bn or 76 per cent performance,” the governor said.

Ambode said that the state was entering into the New Year with the confidence of being on a solid prosperity footing, with interesting prospects for all Lagosians.

He said it was gratifying that the support of the people enabled government to achieve a lot and commence the transformation of the landscape of the state.

Ambode listed some of the key projects delivered last year to include the new Tafawa Balewa Square Bus Terminal, new Ojota Pedestrian Bridge, Aboru-Abesan Link Bridge and adjoining inner roads.

He cited others as Ojodu Berger Slip Road and Pedestrian Bridge; Jubilee Bridges in Ajah and Abule Egba; Freedom and Admiralty Road in Lekki; new Lands Registry; newly upgraded Jubilee Chalet in Epe, among others.

Giving a report of activities of his administration in the last quarter, Ambode said the state government commissioned the first state-owned DNA Forensic Centre.

He said that in the coming weeks, he would sign a contract to upgrade the facility to offer toxicology services.

“In fulfilment of our promise to our students in tertiary institutions across the state, this administration disbursed a total sum of N635.5million to 8,419 students across the state.

“Our government acquired healthcare equipment worth N2.5 billion.”

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