Business Lagos Pumps $3.5bn into Water Production

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Nigeria- According to it’s Group Managing Director Mr. Shayo Hollowy, the Lagos State Water Corporation is to invest 3.5 billion dollars about N575.5 billion in water production and supply through Public Private Partnership in the state.

Holloway said the investment would boost water production and supply from 210 million gallons per day to 745 million per day by 2020.

He said that this was in line with the corporation’s master plan project targeted at providing potable water in all the nooks and crannies of the state.

“What we are doing now is to involve Public Private Partnership in the project to acquire the needed equipment because the state government cannot do it alone,” he said.

The group managing director also identified vandalism, illegal connections and residents’ refusal to pay for water service as some of the challenges facing the corporation.

Holloway said the corporation would soon inaugurate the Ota-Ikosi Mini-waterworks in Ikorodu with capacity of four million gallons of water per day.

He explained that the waterworks would serve more than 11 communities in Ikorodu and Epe axis.

“The state currently needed about 540 million gallons of water per day, but we are constrained due to some challenges of epileptic power supply and lack of access to funds,” Holloway said

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