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Financial reforms saves Lagos N3bn monthly- Ambode

Lagos State Governor, Mr. Akinwunmi Ambode on Tuesday
rendered his account of stewardship revealing that efforts
geared towards stabilising the finances of the state has
saved about N3billion monthly.

Addressing residents, party chieftains, traditional rulers and
top government officials at the maiden edition of the
quarterly Town Hall meeting at Abesan Mini Stadium,
Lagos, Governor Ambode said one of his first key tasks on
assumption of office was to stabilize the finances of the
State.

He said his administration embarked on financial re-
engineering and reviewed the revenue and expenditure
framework of the State coupled with the realignment of
Ministries, Departments and Agencies.

“This has provided us with more funds to inject into capital
projects and the initial funds to establish the Employment
Trust Fund which we promised our youths,”, he said.
Governor Ambode who reiterated his vision to make the
state globally competitive in all sectors, said that his
administration has mapped out long-term plans and
programmes that will lead Lagos on the path to becoming
a truly competitive city-state.

Highlighting some of his administration’s strides in the last
four months, the Governor said that aside using the period
to set up an institutional framework to pilot the
programmes and policies of government, remarkable
interventions and reforms have been made in the areas of
road rehabilitation, health care, security, service delivery,
transportation and education.

On road rehabilitation, Governor Ambode said about
N1.3billion have been ploughed towards the construction
and rehabilitation of over 190 roads across the state, most
of which were not catered for in the 2015 budget.
He listed some of the roads to include Agege Motor Road,
Herbert Macauley Way, Yaba, Murtala Mohammed Way,
Isolo, Ahmadu Bello Way, Victoria Island, Dopemu Road,
Agege, Akowonjo Road, Akowonjo, Obalende Bridge,
Obalende, Isaac John Road, GRA and Apapa Road, Ebute
Meta.

Other roads, he mentioned include Apapa-Oshodi
Expressway, Toyota-Charity Axis, Olufemi Street, Shomolu,
Billy Street, Epe, Aswani Road, Isolo, Yekini Street,
Shogunle, Oshodi, Isawo Road, Ikorodu, some of which he
said are federal roads.

“As I speak, work has commenced on the Ago Palace Way-
Okota Road. The State, in conjunction with your Local
Governments and Local Council Development Area, are
coming to your neighborhood soon”.

“The Ejigbo–Ikotun Road, Okota-Cele Road, Metalbox Road
and Acme Road in Ikeja are currently being rehabilitated,
while work has started on Brown Street, Oshodi, Ladipo
Street as well as Mushin Road”.

“Till date, we have committed N1.386billion to road
construction and rehabilitation. We will pump more funds
into road infrastructure in this present quarter”, the
Governor said.

On transportation, Governor Ambode said he was not
unmindful of the challenges Lagosians face daily, noting
that in recent times, the menace of trucks on the roads
have caused untold hardships and loss of man hours and
revenue for residents.

He however restated his commitment to ensure that
residents commute within the state with less congestion on
the road.

“This administration will stop at nothing to find a lasting
solution to this challenge and ensure our people can move
from one part of the state to another with less traffic
impediment”.

He said the Apapa traffic gridlock was most worrisome as
it affects other parts of the state and slowing down
businesses, noting that he has met with various
stakeholders to find solutions to the persistent traffic.

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