In a significant move towards sustainable development, Governor Babajide Olusola Sanwo-Olu today presented the Year 2025 Budget Estimates of N3.005 trillion to the Lagos State House of Assembly. The budget, aptly christened the “Budget of Sustainability,” aims to foster continuity, resilience, and prosperity for Lagosians. The Y2025 budget is structured around five key pillars: Infrastructure Read More…
Governor Babajide Olusola Sanwo-Olu is set to present the Y2025 Appropriation Bill to the Lagos State House of Assembly on Thursday, November 21, 2024, at noon. This highly anticipated event will unveil the “Budget of Sustainability,” a comprehensive plan to foster continuity, resilience, and prosperity for Lagosians. The Y2025 budget, dubbed the “Budget of Sustainability,” Read More…
On February 15, 2024, the Governor of Lagos State, Babajide Sanwo-Olu, sparked controversy with his announcement to “clear” homeless communities residing under bridges across the city. The Governor, quoted by The Guardian on February 16, 2024, cited concerns about aesthetics, security, and traffic congestion as motivating factors, stating: “We cannot allow people to turn under Read More…
Finance Minister Olawale Edun announced the Federal Executive Council’s (FEC) approval of a $1 billion concessional loan from the African Development Bank (AfDB) aimed at bolstering the budget and enhancing foreign exchange reserves. Edun revealed the loan details, citing a 4.2% interest rate over 25 years with an eight-year moratorium, following a cabinet meeting in Read More…
