Governor Akinwunmi Ambode of Lagos State says no less than $30bn will be needed to adequately deliver 30 big infrastructural projects over the next five years.
The governor, who spoke on Monday shortly before inaugurating a 12-member Lagos State Economic Advisory Committee at the Lagos House, Ikeja, said the projected figure represented about $6bn per annum, whereas the provision for capital projects in the 2017 budget was pegged at N500bn (about $1.6bn).
Ambode stated that the projection had shown that the government alone could not address infrastructure deficit in the state, adding that the inauguration of the committee was a step in the right direction.
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