Local Economy
Lagos launches N5 billion support capital for low-cost schools
Lagos State Employment Trust Fund Lagos State Government in partnership with First Bank of Nigeria has launched N5 billion Post-Coronavirus (COVID-19) Recovery Support capital for the education sector to support low-cost private schools across the state in mitigating the negative impact of the pandemic. The intervention fund, which targets over 2,000 private schools, was formally launched by Governor Babajide Sanwo-Olu on Friday at a ceremony held at the Banquet Hall in the State House, Alausa, Ikeja. Lagos State Employment Trust Fund (LSETF) collaborated with First Bank of Nigeria Limited to facilitate the matching fund, which will be given as a loan to schools and vocational education centres across the State. Sanwo-Olu said the intervention was part of the State Government’s sustainable...
Oyo APC, Governor Makinde in war of words over N100 billion bond
The All Progressives Congress (APC) in Oyo State, yesterday, said it has uncovered fresh plots by Governor Seyi Makinde to add to the debt profile of the state through what it called needless borrowing of N100 billion styled bond by the governor to finance some projects. But the state government, in a swift reaction, said the APC was frustrated and has exhibited its mercantile approach to governance. The war of words came on the heels of Governor Mankinde’s approval for the issuance of N100bn Private bond for circular road, Iseyin-Ogbomoso road, Ibadan Airport expansion. However, APC, in a statement by its Publicity Secretary in the state, Dr. Abdul-Azeez Olatunde, noted that the governor on his assumption of office, was shouting on the roof top of meeting debt from his predecessor, in the...
