Lagos State Governor, Babajide Sanwo-Olu, has addressed concerns about the state’s debt profile, reassuring the public that the debt level is still within manageable limits.
In a recent statement, Governor Sanwo-Olu acknowledged that while Lagos State has incurred significant debt, the figure is still within the acceptable threshold. He emphasized that the debt has been utilized to finance critical infrastructure projects, which will ultimately benefit the state and its residents.
Sanwo-Olu highlighted the importance of investing in essential projects, such as transportation networks, healthcare facilities, and educational institutions, to drive economic growth and improve the quality of life for Lagosians.
The Governor’s reassurance comes amidst concerns raised by some stakeholders about the state’s rising debt profile. However, Sanwo-Olu maintains that the debt is sustainable and will not compromise the state’s financial stability.
This statement from the Governor aims to alleviate fears and demonstrate his administration’s commitment to responsible financial management and transparency.
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