Connect with us

Headline

Lagos Financial Outlook Very Positive-Ambode

Published

on

Lagos State Governor, Mr Akinwunmi Ambode on Friday commissioned the new digitized central storage facility of the State Treasury Office (STO), saying it was gratifying to note that the financial outlook of the State is very positive.

 

The Governor also commissioned dualised Bisola Durosinmi Etti Road and new Hakeem Dickson Road in Lekki, Eti-Osa. 

 

Speaking in Ikeja at the unveiling of the STO storage facility, a project initiated during his tenure as Accountant General of the State in 2006, Governor Ambode, who was represented by Commissioner for Finance, Mr Akinyemi Ashade said though he would be exiting office in few days time, but his commitment to bring about financial accountability and robust financial base for the State remains unwavering.

 

“Ladies and gentle men, the tenure of our administration is coming to an end in a few days but our commitment to maintaining the financial accountability, transparency and creating a robust financial base in the State is unwavering.

 

“Let me assure you that our State is safe; its finances are secure and the outlook is very positive,” Governor Ambode said.

 

He said aside being in line with the civil service reform embarked upon by his administration, the ultra modern edifice, was also part of the vision to continually innovate and transform the financial processes of the State thereby evolving an improved service culture for the benefits of Lagosians.

 

According to him, “Today is a special day for us because we are writing a new chapter in the success story of public financial management in Lagos State. Today, we are moving from an analogue system to a digital and state-of-the-art platform for storing our critical documents.”

 

Giving details about the facility, Governor Ambode said the edifice was fitted with modern equipment which will convert all physical payment vouchers and supporting documents into electronic form and subsequently stored to aid easy and seamless archiving as well as retrieval of security documents, saying that the transformation would go a long way to ensure that the State’s public financial information management system was in line with leading practices across the world.

 

“By transitioning from manual to electronic system of archiving and retrieving vouchers and other supporting documents, we have demonstrated a commitment to investing in information and communication technology to steer the State on its journey towards a Smart City.

 

“Asides the electronic storage, this complex also houses an ultra modern staff training facility with capacity to accommodate 150 persons for treasury staff in the State Civil Service. With the premium our administration places on regular capacity development, this training facility became imperative and would provide the conducive environment for in-house technical training of finance and account officers which will no doubt enhance the productivity and quality of output as we continue to build the technical capacity of our staff,” Governor Ambode said.

 

Earlier, the Governor commissioned the dualised Bisola Durosinmi Etti/Hakeem Dickson Road, Lekki in Eti-Osa Local Government Area of Lagos, saying that his administration only prioritized renewal and development of road infrastructure but utilised an all inclusive approach that has touched both rural and urban areas in the State.

 

Represented by the Commissioner for Works and Infrastructure, Engr. Ade Akinsanya, the Governor said his administration had given the axis the attention it deserved in terms of infrastructural development considering its proximity with the Lekki Free Trade Zone.

 

“Our passion and focus on this corridor  was anchored on the reality that this axis is the new Lagos and Lekki Phase 1 in particular is the gateway to the biggest free trade zone in the whole of West Africa”

 

“In deciding to upgrade Bisola Durosinmi Etti Drive and Dickson Road, we took cognizance of the need to create additional access to Lekki Phase 1 and improve the traffic along Lekki axis. This I believe will ultimately uplift and add value to the surrounding environment,” he said.

 

He said before the projects commenced, the roads were in bad shape as they were riddled with pot holes which impeded free flow of traffic, adding that it caused the residents a lot of stress with attendant effects on the many business outfits that operate within the area.

 

The Governor expressed appreciation to Lagosians for their prayers and support particularly in the discharge of their civic responsibility through payment of taxes, while urging them to extend the same hand of cooperation to his successor, Mr. Babajide Sanwo-Olu.

 

In his remarks, Chairman of the Lekki Phase 1 Residents Association (LERA), Mr. Kayode Otitoju who spoke on the projects, commended the Governor saying that the road has transformed the axis and upgraded their standard of living.

 

He recalled that it was also during the administration of Governor Ambode that the Freedom Way and Admiralty Way were constructed, adding that the projects were executed with high standard engineering reflecting, durable interlocking stone, good drainage street lights and other modern road infrastructure.

 

“We all knew how the two roads were before now and can see the positive change, which would now be used to manage the corresponding increase in human activities, especially, the high volume of human and vehicular traffic, including commercial activities.

 

“We are grateful for all you have done for us in this community especially the location of the LRU within Lekki to respond to emergencies and the periodic cleaning of shanties by the Lagos State Government Special Task Force on Environment. The evacuation and rehabilitation of juvenile delinquents by the Ministry of Youth and Social Development cannot go unmentioned. 

“On behalf of the Board of Trustees; the Executives and all the residents of Lekki Peninsula Scheme 1, I say thank you and farewell to you, our indefatigable Governor Akinwunmi Ambode,” Otitoju said.

 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Headline

Tinubu in Abu Dhabi, Pledges Support to Build Sustainable World for All

Published

on

By

President Bola Tinubu has said Nigeria is ready to work with other nations to build a resilient, equitable, and sustainable world for all.

Tinubu spoke in Abu Dhabi, United Arab Emirates, on the second day of the 2025 Abu Dhabi Sustainability Week.

The president spoke on the topic, “From Climate Imperatives into Economic Prosperity: Bridging Africa with the Global Energy Future.”

He declared that no single nation could walk the road to sustainability alone, stressing that global interconnectedness demand collective action, knowledge sharing, and mutual support.

According to Tinubu, “The fight against climate change is not merely an environmental necessity but a global economic opportunity to reshape the trajectory of our continent and the global energy landscape.

“As leaders, stakeholders and citizens of our planet, we stand at a critical juncture in human history. To succeed, we must innovate, collaborate and act decisively as one global community.”

Reiterating his administration’s commitment to reducing carbon emissions, Tinubu assured the audience that the Nigerian government had developed actionable programmes in line with global expectations, bearing in mind Nigeria’s economic and political expectations.

He said, “We have embraced a vision of sustainability that aligns with global aspirations while addressing local realities. Our efforts are anchored on three pillars: Energy Transition, Climate Resilience, and Sustainable Development.

“My administration recognises the importance of reducing carbon emissions and a just transition to clean and renewable energy, promoting environmental sustainability and economic growth.

Continue Reading

Headline

FG Claps Back at Sanusi, Urges Emir to Rise Above Personal Interest

Published

on

By

The Federal Government has responded to recent remarks by Emir Muhammadu Sanusi II regarding the economic reforms implemented under President Bola Ahmed Tinubu’s administration. The Emir, speaking at a public event in Lagos, acknowledged the initiatives but stated he had chosen “not to help the government” by offering his endorsement.

In a statement released on Thursday by the Minister of Information and National Orientation, Mohammed Idris, the government acknowledged Sanusi’s right to express his views, defended its policies, emphasizing that Nigeria is at a critical juncture requiring bold and transformative actions to address entrenched economic challenges. The statement highlighted key achievements, including exchange rate unification, the removal of fuel subsidies, and a reduction in the debt service-to-revenue ratio.

“These reforms are not being implemented because they are easy but because they are essential for Nigeria’s long-term stability and growth,” the statement read. It further noted that global institutions like the World Bank have projected positive growth for Nigeria’s economy, affirming that the country is on a path to recovery.

The government expressed disappointment over Emir Sanusi’s perceived reluctance to constructively support these reforms despite his economic expertise. “It is deeply disappointing that reforms widely recognized as essential by global experts—including Emir Sanusi II himself—are now being subtly condemned because of a shift in loyalty,” the statement added.

The government called on leaders, including Emir Sanusi, to prioritize the nation’s collective good over personal interests or partisan sentiments. “Rebuilding Nigeria requires unity, focus, and sacrifice from all stakeholders,” the statement emphasized. “This administration urges esteemed leaders to refrain from rhetoric that undermines public trust.”

President Tinubu’s administration reaffirmed its commitment to fostering economic inclusivity and sustainability. The government pledged to remain open to dialogue with stakeholders while focusing on policies aimed at improving the lives of Nigerians.

“Let history record this moment as a turning point—when leaders and citizens alike choose to prioritize the nation’s destiny over personal gain,” the statement concluded.

Eonsintelligence

Continue Reading

Headline

Economic Challenges: I Won’t Offer Any Advice, Emir Sanusi Tells Tinubu

Published

on

By

Emir of Kano, Muhammadu Sanusi II, has declared that he will not offer any advice to President Bola Tinubu’s government on how to tackle the economic challenges facing the country.

The emir stated this on Wednesday during the 21st Memorial Lecture of Chief Gani Fawehimi held in Lagos.

Speaking as chairman of the event, Sanusi stated that he started by helping the government, but he has now resolved not to help the government anymore.

He said: “I can give a few points here about what we are going through and how it was predictable and avoidable. But I am not going to do that. I have chosen not to speak on the economy, or reforms, or to explain anything because if I do, it will help this government. But I don’t want to help this government. They are my friends, but if they don’t behave like friends, I won’t behave like a friend.”

Emir Sanusi added: “They don’t even have people with pedigree that can come and explain to the people what they are doing. I am not going to help. I started by helping, but I am not going to help. Let them come and explain to Nigerians why they are pursuing the policies that they are pursuing.

“But I will say this one thing though. What we are going through today is at least in part, a necessary consequence of decades of irresponsible management. People were warning that if we continued the way that we were going, this is how we will end up but they refused to listen.

“Now, is everything being done correctly? No! When I am ready to talk about the economy, I will.”

Sanusi also charged lawyers to emulate the virtues of the late Gani Fawehinmi whom he described as an embodiment of good character now lacking in the legal profession.

Continue Reading

Trending