Lagos Generates N127bn In Three Months
The Lagos State Government has said it generated N137bn in the first quarter of 2021. The government added that the amount was an increase from the N658bn it generated as of December 2020. The Commissioner for Finance Rabiu Olowo stated this in Ikeja on Thursday as part of the activities to mark Governor Babajide Sanwo Olu’s second year in office. Olowo said the state was able to realise the amount despite the effects of the COVID-19 pandemic because it was proactive in blocking leakages. He said, “We are also leveraging on technology to predict and prevent fraud by digitalising our processes.” The commissioner added that the state’s debt sustainability ratio stood at 17.8 percent. Olowo noted that the government, through the Lagos State Employment Trust Fund, helped over 9,000 businesses in the last 18 months.
Meanwhile the Lagos State Government on Thursday said there were 1.6 million poor and vulnerable people in its database. The Commissioner for Economic Planning and Budget, Samuel Egube, at the ministerial briefing to commemorate the second year of Governor Babajide Sanwo Olu administration’s in Ikeja, said the government was empowering them. The Lagos State Coordinating Unit, LASOCU which represents the Federal Ministry of Humanitarian Affairs Disaster management and Social Development, has joined the Ministry of Agriculture to distribute the Lagos State COVID-19 food, using the Lagos State Single Social Register to reach the poor and the vulnerable.
