27.3 percent of Lagos budget set for Infrastructure

The Lagos State Government will spend 27.3 percent (N482.86 billion) of its N1.768 trillion budget on the provision of modern infrastructure for its people.

This information was revealed by the Commissioner for Economic Planning and Budget, Samuel Egube.

He addressed a news conference yesterday on the analysis of the 2023 ‘Budget of Continuity’.

He was assisted by his counterparts Gbenga Omotoso (Information and Strategy); Akin Abayomi (Health); Mrs. Folashade Adefisayo (Education); Rabiu Olowo (Finance); Frederic Oladeinde (Transport); and Special Adviser on Works and Infrastructure Mrs. Aramide Adeyoye.

Egube said the Babajide Sanwo-Olu-led administration is prepared to continue its ‘good work of delivering reliable and sufficient infrastructure that meets the needs of a 21st-century city’.

He said: “These will reduce the commute time of Lagosians, reduce congestion on the existing Carter, Eko, Third Mainland Bridges and Ikorodu Road, thus increasing productivity, quality of life and improving the overall transportation system in the state.”

Egube said the infrastructure budget captured in the overall budget includes the construction of the second phase of the blue line from Mile 2 to Okokomaiko, the completion of eight stadia across the state’s five IBILE divisions to facilitate youth development, engagement, and community sports.

He added that there would be continuous construction and rehabilitation of schools across the state to improve access to quality education.

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