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Lagos House of Assembly approves N250bn loan for capital projects
![Gov. Babajide Sanwo-Olu at the 74th United Nations General Assembly [Twitter/@jidesanwoolu]](https://image.api.sportal365.com/process/smp-images-production/pulse.ng/27072024/4ab159ff-a759-4206-80c4-bd46d02f80ce?operations=autocrop(700:467)&format=webp)
Gov. Babajide Sanwo-Olu at the 74th United Nations General Assembly [Twitter/@jidesanwoolu]
The Lagos House of Assembly on Friday, November 23, 2019 granted approval for Gov. Babajide Sanwo-Olu to access a loan of N250 billion for capital projects in the state.
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The Chairman, Committee on Finance, Mr Rotimi Olowo, recommended the N100 billion bond loan and N150 billion syndicated loan, after which it was approved.
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Speaker of the House, Mr Mudashiru Obasa, noted that the approval for the loan was granted to bridge the huge infrastructural gap in the state.
Obasa, therefore, directed the Clerk of the House, Mr Azeez Sani to communicate the approval to the governor.
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