News
Lagos Assembly Approves N153bn For Lagos Rail Mass Transit
The Lagos House of Assembly has approved the sum of N153 billion sought by Governor Babajide Sanwo-Olu to construct the Lagos Rail Mass Transit( LRMT) also known as the Red Line and the Blue Line.
The House unanimously approved the amount after adopting the report of the House Committee on Finance as submitted by its Chairman, Hon Rotimi Olowo.
Governor Sanwo-Olu had on Monday, September 14, 2020, sought the approval of the assembly for the amount to enable the government finance the construction of the Lagos Rail Mass Transit( LRMT), from Marina to Agbado ( Red Line) and from Mile 2 through a Alaba, Iganmu to Marina( Blue Line).
While N93 billion of the sum would be sourced through Differentiated Cash Reserve Requirement (DCRR) Central Bank of Nigeria( CBN) Intervention Facility from First Bank of Nigeria(FBN), United Bank for Africa( UBA), and Zenith Bank for the Red Line the N60 billion would be sourced from DCRR CBN Intervention loan funds for the Blue Line.
Omo Ibile Igbomina Hosts Hashim, Accord Presidential Candidate
Six Arraigned In Ondo Over Alleged Land Grabbing, N18m Fraud
OSOGBO FLOOD: It Is Time To Stop Managing The Flood And Start Managing The River By ‘Kunle Rasheed Adegoke
Ogunkanmi Urges FG to Turn Nigeria’s Independence into Better Living Conditions
Osun Flood: Adeleke Orders Emergency Assessments, Launches Flood Watch Initiative
Benue NDC Ward Chairman Found Dead After Suspected Attack
-
South West News4 days agoOyetola @72: YPF Celebrates Former Osun Governor, Hails Contributions to State, Nigeria’s Maritime Sector
-
News5 days agoOtan Ile Grammar School Marks 50th Anniversary, Seeks More Teachers
-
News2 days agoOsun’s Monthly Allocation Rose to ₦17bn After Subsidy Removal, Says AMBO Group
-
Economy2 days agoFederal Workers Back ₦500 Petrol Demand, Threaten Strike Over Wages