Federal Government will support huge investments in Lagos – Buhari

The President, Muhammadu Buhari, on Tuesday, guaranteed that the Federal Government would support huge investments in Lagos State. This is to enable the state to conquer its challenges and flourish socially and economically.

As indicated in a statement by his Special Adviser on Media and Publicity, Femi Adesina, the President made the pledge in a video goodwill message to the Ehingbeti Lagos Economic Summit, themed ‘For a Greater Lagos: Setting the Tone for the Next Decade.’

The statement was tagged, ‘President Buhari pledges to support Lagos State to unleash full socio-economic potential.’

Adesina cited the President; he promised that the Federal Government would support more massive investments in Lagos State to boost its economic potential as one of the world’s fastest-growing megacities.

The President said, ‘One of the significant ways in which our support has manifested to Lagos State is in the special federal funding that we approved in 2020 in acknowledgment of the state being an epicentre of the coronavirus pandemic.

‘The challenges of Lagos must, therefore, be very clearly seen as part of the challenges of Nigeria, and the federal government will support Lagos to overcome its challenges and to thrive socially and economically.

‘The Presidential Infrastructure Development Fund is investing in the reconstruction of the Lagos-Ibadan Expressway, while the Apapa-Oshodi-Oworonshoki Expressway is a flagship project of our Road Infrastructure Tax Credit Scheme, also known as Executive Order 7 of 2019.’