According to Ambode, although the foreign component of the state’s debts hovers around $1.43 billion, his administration never added to it but was committed to servicing what it inherited from the previous administrations, which has been compounded by unstable exchange rates.
In addition, the state’s total domestic debt stock was N530.24 billion as at the same period of 2018. “That has immense pressure on the internally generated revenue. And when you have this pressure on the IGR that you are using to service these facilities without complaining, it means that you have been financially prudent to be able to use the remaining resources to do what you have outside there in terms of infrastructure development,” said Ambode.
Speaking on his drive in governance, Ambode said aside from passion to improve the lot of the people, his administration leveraged on the Lagos Development Plan 2012-2023 and took specific steps to improve the IGR to enable it deliver on the development plan.
Source: Loan Digest (loandigest.net)
vanguardngr Akin, God will never leave you at cele bus stop 11pm....Now i know why i need make an accountant my first employee and not a marketer...
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ambode assures of smooth, peaceful transition - Vanguard NewsThe Police Service Commission (PSC) said it had approved the dismissal of nine senior police officers over cases of gross misconduct.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Weah, Drogba, others to play at Ambode farewell football match - Vanguard NewsThe organising committee for the Gov. Akinwunmi Ambode farewell football match has confirmed May 18, 2019 for the high profile game. vanguardngr They should continue wasting nigeria money vanguardngr Why does Nigeria government likes to waste our hard earn money on frivolities for jos sake. Why not any Nigeria clubs or pass Nigeria players. The money that will be spent should have been channel to education projects. Some Nigerian politicians are senseless and visionless vanguardngr Of what use is this match? Nigerians don't be fooled o, money is about to move without your knowledge o.. The more you look the less you see!
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Ambode brought changes to Lagos – analyst - Vanguard NewsA Professor of Political Science, Prof. Femi Otubanjo, on Friday said that Gov. Akinwunmi Ambode brought changes to the development of Lagos State. vanguardngr Tell this shit to Tinubu... vanguardngr Too late to lament
Source: vanguardngrnews - 🏆 5. / 75 Read more »
As Ambode leaves . . . What falls on Sanwo-Olu - Vanguard NewsIn less than two months, the baton of leadership in the governance of Lagos state will exchange hands. The incumbent governor, Mr Akinwunmi Ambode will be handing over to the governor-elect, Mr Babajide Sanwo-Olu and the new government, like every corporate entity, will inherit both assets and liabilities from its predecessor. vanguardngr First thing first, a portion of the Epe-Ijebu Ode express is unpliable whenever it rains. It's an eyesore to say the least. vanguardngr Work! Work!! Work!!!!!! vanguardngr Ikorodu agric owutu isawu road is terrible. If he can look at that as part of his first priorities that will be wonderful. We believe on continuity
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Ambode would have surpassed achievements of predecessors, if… — Analyst - Vanguard NewsGov. Akinwunmi Ambode of Lagos State would have been able to surpass the achievements of his predecessors if he had not ignored the political structure vanguardngr But he was a chicken vanguardngr They are here again, Deceivers, who would rather pour acid into weeping wounds rather than forward looking. They talk of the pains of slavery in Egypt, instead of praying and working hard to enter the land fowlingwith milk and honey. They want to scrape Ambode's head.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Gov. Ambode inaugurates transition committee – Daily TrustGov. Akinwunmi Ambode of Lagos State on Tuesday inaugurated a 20-man transition committee to ensure a smooth transition of power from the outgoing administration to the incoming. Ambode was represented at the event, which was held in Ikeja, by the Secretary to the State Government, Mr Tunji Bello, who is also Co-Chairman of the committee.ADVERTISEMENT …
Source: Daily Trust - 🏆 13. / 51 Read more »
Ambode’s treatment for Obaseki? - Vanguard NewsHow the Ambode Treatment turned into a catchy anecdote in Nigeria’s political phraseology is one that associates of the outgoing governor of Lagos State will rue for a long time to come. Nevertheless, the episode that made Governor Akinwunmi Ambode to be the first governor of Nigeria’s most populous state to be stopped from seeking re-election is one that is bound to escalate in the near future. It would indeed, turn into a learning curve in fashioning relationships between sitting governors and godfathers who help them into office.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
President Buhari, Ambode, others arrive N'Djamena - Daily Post NigeriaPresident Muhammadu Buhari has arrived N’Djamena to participate in the Extraordinary Session of the Conference of Heads of State and Government of the Comm Go and visit Zamfara and Kaduna. So Ambode is still around Thank God for journey mercies
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Buhari to depart Nigeria with Shettima, Ambode, Oyetola - Daily Post NigeriaPresident Muhammadu Buhari will on Saturday depart Nigeria for N’Djamena, capital of Chad Republic, to participate in the Extraordinary Session of the Conf Not news worthy Ajala travel ka reee
Source: DailyPostNGR - 🏆 11. / 59 Read more »
President, Drogba, Eto'o to play at Ambode farewell match - Daily Post NigeriaThe organising committee for the Governor Akinwunmi Ambode farewell football match has confirmed that former World Footballer of the Year and President of Which of the presidents? Show of shame.. This country sef.. Which football club is Ambode playing for, because I don't understand farewell match
Source: DailyPostNGR - 🏆 11. / 59 Read more »