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No cause for alarm on Lagos debt – Fashola

The governor responded to the allegation saying: “Those who made those erroneous statements should know that the financing of the state is stable. The incoming…

The governor responded to the allegation saying: “Those who made those erroneous statements should know that the financing of the state is stable. The incoming governor only has to maintain the revenue levels to pay off the debts and even borrow more if he wishes. So that is the plan”.
Governor Fashola who gave an insight into the debt profile of the state during an interractive session with State House correspondents in his office last week, explained that every fund his administration has borrowed since inception has been committed to investments that have  today raised the living standard of residents.

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