Lagos budgets N482.86bn for modern infrastructure
Lagos budgets N482.86bn for modern infrastructure
The Lagos State Government has allocated N482.86 billion in its 2023 budget to the provision of modern infrastructure for residents of the State.
The Commissioner for Economic Planning and Budget, Mr Samuel Egube, disclosed this during a press conference on Tuesday in Ikeja.
Egube said the budget, named “Budget of Continuity,’’ was made to continue the quality work of the incumbent administration, especially in the provision of reliable and sufficient infrastructure that met the needs of a 21st-century city.
He said the infrastructure in the budget includes the construction of the second phase of the blue line from Mile 2 to Okokomaiko and the completion of eight stadia across the five IBILE divisions of Lagos State.
He disclosed the residents of the state will enjoy the benefits of its investments in Integrated Transport Infrastructure.
Egube noted the Integrated Transport Infrastructure will bring into existence functional light rail, Red-Blue System, the first of its kind by a sub-national government in Africa and the 37km Fourth Mainland Bridge.
The commissioner also promised continuous construction and rehabilitation of schools across the state to improve access to quality education.