Politics Fashola Explains Why Lagos is Owing N165billion



Lagos state Governor, Babatunde Fashola has explained by the state currently has a N165billion debt profile. NATIONAL MIRROR has this story.

Governor Babatunde Fashola, yesterday, justified the decision of the Lagos State government to take a loan of over N160 billion from the World Bank, saying strategies were in place to ensure it is repaid on time.

Fashola said this while fielding questions from journalists shortly after an inspection tour of the ongoing construction of the light rail terminus at Orile- Iganmu, Lagos.

The governor, who said he was satisfied with the work done so far on the project, expressed disappointment that the work did not move as smoothly as expected. He, however, expressed optimism that the project should have been completed in another 12 months.

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SOURCE: #NationalMirror

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