The Governor of Lagos state, Mr. Babajide Sanwo-Olu has allayed the fears of residents of the state who complain about the state’s high debt stating that Lagos has the capacity for a debt burden of N20 trillion.
He made this known during a media chat with newsmen today as part of efforts to brief citizens on the policy actions of the state amidst the high cost of living crisis being witnessed.
When asked about the state’s high debt which tops the state’s 2024 budget and efforts to reduce it, the Governor said the important fact is sustainability noting that debts are not bad but future investment.