Skip to main content

Lagos expends N166.8 billion on capital project in 9 months

Ambode addressing the audience during the town hall meeting

Ambode addressing the audience during the town hall meeting

Kazeem Ugbodaga

Lagos State Governor, Akinwunmi Ambode on Tuesday disclosed that the state government has spent N166.8 billion on capital projects in the last nine months of this year.

Ambode disclosed this while speaking at the 5th Quarterly Town Hall meeting for Lagos Central Senatorial District held at the Teslim Balogun Stadium, Surulere, Lagos, Southwest Nigeria.

According to Ambode, “A review of the 2016 budget shows that our State generated a total revenue of N97.3 billion in the last quarter and had a total expenditure of N110.2 billion considering the fact that our cash reserve has remained positive. We expended N55 billion on capital expenditure in the last quarter.

“Our budget performance for January to September is 69% as against 65% for the same period in 2015. A total of N166.8 billion has been spent on capital projects this year more than double the N53.6 billion spent for the same period last year. We believe strongly that continuous increase in the capital expenditure spending is a necessity at this particular period,” he said.

The governor stated that in this quarter, “we will concentrate more resources on capital projects. We will put money in the hands of our local contractors and through them stimulate and re-flate the economy. Immediate payments will be made to contractors handling health sector and education sector projects within the next two weeks.”

Lagos State Governor, Mr. Akinwunmi Ambode (right), with Oba of Lagos, Oba Rilwan Akiolu I (middle) and former Minister of State for Defense, Chief Demola Seriki (left) during the 3rd Quarter 2016 Town Hall meeting

Lagos State Governor, Mr. Akinwunmi Ambode (right), with Oba of Lagos, Oba Rilwan Akiolu I (middle) and former Minister of State for Defense, Chief Demola Seriki (left) during the 3rd Quarter 2016 Town Hall meeting

Ambode further said the completion and handing over of 114 roads across the 57 Local Governments and Local Council Development Areas in the last quarter was a major achievement of his administration, disclosing that in the next three weeks, his administration would commence the process of bid invitation for the construction of additional 114 roads across communities in the state.

The governor also revealed that the state government would roll out all empowerment programmes immediately to assist all youths, artisans and the needy, while the funding for the N500 million Lagos State Persons Living with Disability Fund had been provided and that beneficiaries would start getting support from this quarter.

“We have achieved a major reduction in the travel-time on the Third Mainland bridge and other axis with the construction of the lay-bys at Oworonshoki and Ketu.

“It is my strong desire to further eliminate the pains of Lagosians who travel on this axis by completing the Ojodu-Berger Multi-project which consists of a pedestrian bridge, lay-by and slip road. We have already reduced the accident rate on that axis and will take this innovation to other parts of the State including Ajah and Lagos Central.

Ambode with Senator Oluremi Tinubu during the event

Ambode with Senator Oluremi Tinubu during the event

“We have commenced the removal of Three roundabouts on the Lekki-Epe expressway and replacing them with signalized junctions. Lay-bys and dedicated turning lanes will be created at these junctions to further ease the flow of traffic. In realization of our vision, we are creating new tourist locations in Lagos West and Lagos East Senatorial Zones. We have embarked on the Epe-Marina and Badagry-Marina lagoon reclamation projects with a view to providing appropriate infrastructure for tourist activities in Badagry and Epe,” he stated.

Comments

Popular posts from this blog

Houthis Claim Attack on Central Israel in Response to Gaza ‘Massacres’

The ongoing conflict between Israel and Hamas has taken a concerning regional turn as the Houthi rebels in Yemen claimed responsibility for an attack on central Israel. The group announced this as part of their escalating response to what they describe as "massacres" in Gaza amid the Israeli military’s operations in the strip. Details of the Attack The Houthis, a Shiite militant group with ties to Iran, declared that they launched missile and drone strikes targeting Israel. While the exact impact of these attacks remains unclear, reports suggest that Israel’s defense systems intercepted several threats over its airspace. This marks a significant escalation as the Houthis widen their involvement in the conflict beyond their typical operations within Yemen and neighboring Saudi Arabia. The Houthis’ Justification In their statement, the Houthis framed the attack as retaliation for Israel’s military actions in Gaza, which they characterized as indiscriminate bombings resultin...

Fire: UniJos Senate convenes emergency meeting on Monday

Fire at the University of Jos Library University of Jos is to convene an emergency senate meeting on Monday to review the level of damage done to the institution by the Saturday night inferno. The Vice Chancellor, Prof. Sebastian Maimako, disclosed this on Sunday after inspecting areas affected by the incident. The fire, which lasted for more than six hours, destroyed the Library Complex that equally houses the faculties of management and social sciences. The fire also destroyed examination scripts, books and very crucial materials. Consequently, the vice-chancellor said “the Senate will meet tomorrow (Monday) to take a decision about the unmarked examination scripts that were burnt.” On the cause of the inferno, Maimako said investigation had commenced, adding that “nothing has been confirmed yet. We are still investigating.” The vice chancellor said the school was already working with federal authorities toward establishing a main fire station since the mini fire station in t...

NDLEA arrests 252 suspects, seizes 3,073 kg Indian hemp

NDLEA operatives The NDLEA in Niger on Monday said that it had arrested 252 suspects and seized 3,073.9 kilogramme of Indian hemp(cannabis sativa) in the state. The NDLEA Commander in the state, Mr Joseph Iweajunwa, who disclosed this in Minna, said that the operations were carried out between January and September. “Our operations in Niger State from January to September 2016 led to the arrest of 252 suspects and seizure of 3,073.997 kilogramme of cannabis sativa,’’ he said. Iweajunwa said that within the period, the agency also seized 1, 530 litres of liquid drugs, especially cough syrup with codeine. He said the NDLEA also counselled and rehabilitated 90 drug addicts in the state within the period under review. The agency, he added, secured convictions of only nine of the suspects because the judge at the Federal High Court, Minna, went on leave. “ Now that the judge has resumed more suspects will be tried,’’ he said. He advised motorists, especially commercial vehicle dri...