Thursday, May 07, 2015

Why Lagos is not crippled by dwindling FG Revenues - Fashola


The Lagos State Governor Babatunde Fashola says the state is not immune to the current economic realities that have made it impossible for some state governments to pay salaries of workers.

Fashola spoke on Wednesday at the public lecture of the Institute of Directors of Nigeria, which also included the inauguration of a book, ‘Example: The Era Of Babatunde Raji Fashola as Governor of Lagos State’, edited by the Editorial Board Chairman of The Nation, Mr. Sam Omatseye.
He said, “In contemporary times, Lagos, like all states, is not immune to the current economic realities of dwindling revenues. However, by hard work and commitment, it is insulated from some of the consequences, such as unpaid salaries of public servants.”
He explained that the monthly internally generated revenue and allocation from the federation account were not enough to meet the demand of over 21 million residents in the state, adding that the government maintained a healthy reputation that gained confidence of investors because it had constantly met its financial obligations.
The governor said the state would continue to wax stronger, saying all the established institutions were strong, with a motivated workforce.
According to Punch Fashola added that the government had left a development plan from 2012 to 2025 to address the remaining challenges of rail, water supply, wastewater and sewage treatment, tourism expansion, residents’ registration, technology development and many more.
The Oba of Lagos, Rilwan Akiolu, said Fashola had made a success of the foundation that was built by his predecessor, Bola Tinubu.

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