4.3 C
New York
Wednesday, April 24, 2024
HomeNewsEconomyLagos to depend less on federal allocations – Ambode

Lagos to depend less on federal allocations – Ambode

Lagos State aspires to intensify internally generated revenue so it could reduce its dependence on federal allocated revenue to less than 10 per cent within the next two years.
The state Governor, Akinwumi Ambode, disclosed this at a parley with media executives on Sunday.

Ambode said the state was currently sourcing 76 per cent of what it was spending through IGR.

Ambode added that the ever increasing population of the state meant it had to be on its toes to provide facilities for its more than 23 million persons living in the state.
According to the governor, 86 immigrants enter Lagos every minute of the day, which is the highest in any city in the world, and they have no plan to leave.

He noted that a situation whereby 27 states of Nigeria were bankrupt and 32 states generate less than 10 per cent of federal allocated revenue meant there were dislocations.
Ambode promised that the challenges facing the state in the areas of water supply, refuse disposal, education, security and the others, were being tackled frontally as a safer and cleaner environment would guarantee more prosperity.

He promised that within the next six months, technology would be deployed to ensure that more streets were lit and strategic areas have CCTV coverage.

The governor also said education, healthcare, care of the aged and employment would be given more attention, nothing that 67 per cent of the state population was under the age of 35.

Advertisements

Ambode also promised that 5,000 buses would be purchased in partnership with the private sector to pave the way for the phasing out of commercial motorcycles, tricycles and mini-buses currently defacing the metropolis.

He explained that the move would not increase unemployment as most of the mini-bus drivers would be retrained and re-orientated to man the new buses.

The governor disclosed that he was picking a lot of advice from the media on how to govern and appealed for more collaboration in the vision of moving the state forward.

Advertisements

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Most Popular

Recent Comments

Onuegbu Chuks Theophilus on Mikel Obi quits Super Eagles
Thomas H. Anderson on Roman Goddess_3
Oladimeji Emmanuel on Obama sends investors to Buhari