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In a bid to finance a gap of N192.49 billion contained in its 2021 budget, the Lagos State Government has announced a plan of exploring several sources including bonds and domestic, foreign borrowing.
Share Lagos State government, on Thursday, said it is targeting a total of N723.817bn Internally Generated Revenue (IGR) for the 2021 fiscal year, bringing the monthly figure to N60.31bn. The State Commissioner for Economic Planning and Budget, Mr Sam Egube, disclosed this while giving the 2021 budget breakdown at a press briefing which took place at Alausa, Ikeja, saying the state had earmarked N15bn for the Rebuilding Lagos Project/Trust Fund, in the aftermath of #EndSARS destruction of Lagos in October 2020. Egube disclosed that the total size stands at ₦1.164trn, saying it would be fund...