The state government also disclosed that it would borrow a whopping sum of N119.714 billion from internal and external sources including the World Bank to fund the 2016 appropriation bill, which the state governor, Mr. Akinwunmi Ambode signed into law yesterday.
The Commissioner for Economic Planning and Budget, Mr. Akinyemi Ashade unveiled the plans at a news conference he addressed at the State House, Alausa alongside his counterparts, Mr. Mustapha Akinkunmi (finance) and Mr. Steve Ayorinde (information & strategy) among others.
The signing of the 2016 budget was witnessed by some members of Lagos State House of Assembly led by Chairman of the House Committee on Budget & Planning, Hon. Rotimi Olowo and some federal lawmakers led by a senator representing Lagos West Sen. Olamilekan Solomon.
But at the news conference, Ashade pointed out the state’s Smart City project, which he said, was targeted at deploying technology to fight crime and enhance security across the state.
He said the project was designed to increase the coverage of CCTV installations in the state with the target to deploy over 10,000 active cameras that would be connected to broadband in the space of four years.
Credit: ThisDay
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