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Lagos raises N137.3b bond to address infrastructural deficit

Lagos State has signed a N137.3 billion bond to raise funds to address the infrastructural deficit in the state.
byTayo Aderinola
20/12/2021
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Lagos State has signed a N137.3 billion bond to raise funds to address the infrastructural deficit in the state.

The bond was signed on Monday at the state house in Alausa, Ikeja, with Chapel Hill Denham as the major issuing house.

Governor Babajide Sanwo-Olu said the funds would be used to finance projects such as the Lagos/Badagry Expressway, Lekki regional road, health needs, as well as stimulate socio-economic development.

*Details shortly…

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