Home > Wealth > Wawu! You won’t believe the revenue generated by LASG in 2017

Wawu! You won’t believe the revenue generated by LASG in 2017

The Lagos State Governor, Mr Akinwunmi Ambode yesterday, Thursday, January 11, 2018, commended residents of the State for supporting his administration to deliver on key projects in various sectors and sections.

Ambode revealed that the State generated a total of N503.7billion revenue in 2017 despite the harsh economic climate in the country.

The Governor who spoke at the first quarter Town Hall Meeting in 2018, the 10th in the series since his assumption of office, held at De Blue Roof, LTV Complex in Agidingbi, Ikeja, Lagos Mainland, said while the State was entering into the new year with confidence of being on a solid prosperity footing and interesting prospects for all Lagosians, it was indeed gratifying that the support of the people enabled government to achieve a lot and commenced the transformation of the landscape of the State.

“As we celebrate entering a new year, we thank you all for your support and cooperation last year. It was your backing that enabled us to achieve the modest successes we recorded last year and commence the transformation of the landscape of our State. In the last year, we delivered on our promises to Lagosians despite the harsh economic climate.

“Despite the harsh economy, our State budget performed at 82 percent. Total Revenue Generated was N503.7bn representing a performance of 78 percent; Total Recurrent Expenditure was N281.33bn representing a performance of 92 percent, while Total Capital Expenditure was N387.60bn or 76 percent performance,” he said.

In addition, Governor Ambode said as at December 2017, the Lagos State Employment Trust Fund (ETF) had disbursed a total of N4.5billion to 5,500 beneficiaries who also received training on financial literacy and business management, while keys were presented to beneficiaries of the first set of allottees of Lagos State Rent-To-Own Housing Scheme, as well as creation of Neighbourhood Safety Corps and beautification of the State with the erection of monuments, parks and gardens.

Giving a report of activities of his administration in the last quarter in line with tradition of the meeting, Governor Ambode said between the period under review, the State Government commissioned the first State-owned DNA Forensic Centre in Nigeria and West Africa, and in the coming weeks would sign a contract to upgrade the facility to offer toxicology services, which will make it the first in Sub-Saharan Africa.

“In fulfillment of our promise to our students in tertiary institutions across the State, this administration disbursed a total sum of N635.5million to 8,419 students across the State.

Our government acquired healthcare equipment worth N2.5 billion. The equipment will strengthen the capacity of our health facilities to render improved health services and also facilitate smooth take off of the Lagos State Health Scheme which is designed to enable residents enjoy unfettered access to qualitative healthcare.

“Since the last Town Hall meeting, we have continued the renovation and upgrade of our Primary Healthcare Centres (PHCs) and our people at the grassroots have started to witness a revitalized healthcare delivery. In order to meet the needs of the youth in the area of technical and vocational development, we have approved the establishment of three other Technical Colleges bringing the number of Technical colleges in the State to Eight,” he said.



Idris Aina
Idris is a media and communications professional with keen attention to details. An entertainment enthusiast, he is an ardent fan of the team from the Red Side of Manchester with love for football banters. He tweets with the handle @arlomah.