
BudgIT Lied: Lagos Is Financially, Economically Stable – LASG
Lagos State Government has refuted claim by BudgIT that the state is not financially and economically stable.
Commissioner for Finance, Rabiu Olowo, in a statement said Lagos State is economically and financially solid.
”This is contrary to the publication by BudgIT, a public finance analyst, titled ‘Ability of States to Meet Monthly Recurrent Expenditure and Loan Repayment Obligations, 2019’, which the Governor Babajide Sanwo-Olu administration described as “misinformation”. BudgIT has apologized for its error.
“Here are the facts: Lagos State continues to meet all its recurrent and loan service …