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Politics Fashola: How Lagos Spent N160bn World Bank Loan


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LAGOS State Governor, Babatunde Fashola, yesterday, gave a breakdown of how his administration expended the N160 billion World Bank loan it acquired, saying the state maintained a healthy debt profile.

Fashola, who spoke during his commemoration of 2,700 days in office and achievements in the last 100 days, in Alausa, Ikeja, said long overdue refund would go a long way in reducing the debt profile of the State, which he said the Federal Government recently published to mislead the public.

He said, “Recently, our political adversaries issued statements that we have borrowed N160 billion. What they have not told you is what we are doing with the money.”

Enumerating his government’s activities within the period under consideration he said; “In the last 100 days, we have commenced work on providing street lighting on the Muritala Muhammed Way in Yaba.

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Source: #Vanguard