Lagos Boosts infrastructure with N291bn

The Lagos State Government spent the sum of N291bn on infrastructural development projects in the 2016 fiscal year, the Commissioner, Ministry of Economic Planning and Budget, Mr. Akinyemi Ashade, said.

Ashade put the budget performance for 2016 at 80 per cent with a total revenue N436.328bn.

He stated that the total internally-generated revenue and capital expenditure ratio were N312.830bn and 55:45, respectively.

The commissioner stated these while giving the account of stewardship of his ministry’s activities and achievements in the last one year.

In a statement made available to our correspondent on Sunday, Ashade was quoted as saying that the amount spent on capital development was borne out of the administration’s desire to drive the implementation of projects and programmes that would lead to the good performance of the budget and encourage focus on patronage of local contractors to boost job creation.

He listed some of the projects as: the completion and commissioning of 114 roads in partnership with local governments and local council development areas, the construction of overhead fly-over bridge at Abule Egba and Ajah, removal of six roundabouts along Lekki-Epe Express axis and replacing them with traffic light alternation system, Bus Rapid Transport garage in Ikeja, among others.

Ashade also gave the outcome of the recently conducted 2016 Household and Poverty Headcount Survey.