Some lawmakers in the Lagos State House of Assembly on Tuesday said that the N1.046 trillion 2018 Lagos State Budget proposal presented by Governor Akinwunmi Ambode would facilitate growth and development in the state, especially through a planned embedded power project, The Nation reports.
The Acting Chairman, House Committee on Information and Strategy, Mr Tunde Braimoh noted that the budget provided for a power project aimed at boosting economic activities in the state. According to him, epileptic power Supply has caused severe damage to the nation’s economy, and if the Lagos State Government can provide regular power supply, it will boost investments. “The problem of power supply has made our country to lose its industrial base. The budget will change the topography of Lagos,’’ he said.
Ambode stated during the budget proposal that his administration would have direct intervention in the power value chain through a 3,000MW Embedded Power Programme- a three-year plan to achieve regular power supply for the state from 2018. “The challenge of inadequate power supply must be resolved for our economy to perform optimally, and we believe the provision of this essential utility can no longer be left in the hands of the Federal Government alone,” he said.
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