Lagos State Governor Babajide Sanwo-Olu said on Thursday that the state would need about $ 15 billion over infrastructure over the next five years.

According to the governor, such a requirement is due to population growth and the geographical location of the state.

He made the announcement during a speech at the Third Lagos Investors Roundtable and Agreement Book by the Office of Sustainable Development Goals and Investments.

This was stated in a statement issued on Thursday regarding the above incident.

“Given our population growth and geographical limitations, we believe Lagos will need about $ 15 billion over infrastructure over the next five years. $ 15 billion is five times the current budget. He quoted.

He called on investors to cooperate with the implementation of the region’s development strategies.

“We firmly believe that Lagos’ continued growth and success depends on the strength and diversity of our partnership.

“This is a strategic partnership that recognizes Lagos as a leading destination for domestic and foreign direct investment in Nigeria.

“It is estimated that 80% of investments in Nigeria have come to Lagos in the last few years.

“These investments are critical to our economic growth and security by supporting tens of thousands of jobs and livelihoods in the city.

“That is why such a forum is so important – it is a platform where we can harmonize our vision and goals and not only strengthen existing investment partnerships, but also agree on key activities that create new ones.”

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