LASRRA REGISTERS ONE MILLION LAGOSIANS
T
he State Government, in realization of its
- kunle adesina
objective to register residents for planning
purposes, has so far registered over one million
any other consideration, had been visiting its registration
Lagosians in the on – going registration exercise.
centres to get captured.
The Lagos State Residents Registration Agency
It also stated that successes recorded so far were made
(LASRRA), which is undertaking the project on behalf of
possible as a result of the cooperation of Lagosians who
government in its over 200 registration centres spread
have shown interest in being part of the exercise.
across the state, said Lagosians from all walks of life,
irrespective of religion, place or state of origin, age or
The agency, which was established by law to provide
reliable data for efficient planning and proper allocation
of resources in the state, also commended government
for adequate provision of logistics in the form of hi tech
equipment, in addition to funds and continuous training
of its manpower.
Staff were equally commended for their commitment
and hard work round the clock towards ensuring that
total success was recorded.
Continued on Page 6
Vol. 9, No 1, January 2014
Lagos Ranks High In Economic Rating
...Positions To Meet Debt Obligation
- adetoro oladapo
T
he various economic reforms and prudent
management structures instituted by Governor
Babatunde Raji Fashola (BRF) administration are
yielding positive results as adjudged by local and
international agencies which gave the state high economic
rating and portray it as a buoyant and stable economy with
lots of positive yields for investments.
The local and international agencies scored the state
alongside other economies and gave it kudos for being the
only sub-sovereign economy to achieve the feat.
Finance Commissioner, Ayo Gbeleyi, who made this known
at the Year 2014 Budget Analysis, stated that the state is
sustainable and able to meet its debt obligation because the
benchmark adopted by the Federal Government's Debt
Management Office is 40 per cent, while the state is
operating well below the benchmark.
Recently Commissioned Ejigbo-Ajao Estate Link
Bridge and road network in Oshodi/Isolo Local
Government Area. INSET: Gov. Babatunde Fashola
unveiling the plaque to commission the road.
According to him, Fitch rating, a renowned global rating
agency, puts its Outlook revision on Lagos States' National
Long-term rating to positive from stable and subsequently
affirmed it at `AA(nga)'.
LASG Delivers More Life Transforming
Infrastructural Projects
T
he state's infrastructural development agenda
continued unabated with the completion and
handing over of diverse projects which have been
adding value to the lives of the people.
Giving an insight into government's experience in the
course of the project, Governor Fashola described the
Alaba/ Cemetery road as a very difficult road to construct
because it was filled with refuse and the contractors had to
dig over 1.5m of the dirt to excavate refuse before totally
For the past month, Governor Babatunde Fashola (SAN) replacing it with fresh soil. He therefore called for a more
and his team have crisscrossed the state, handing over caring attitude of public infrastructure, as the road was
completed projects to communities and undertaken
inspection visits to ascertain the state of others.
One of these was the handing over of the 2.68km
Alaba/Cemetery modern road in Ajeromi-Ifelodun Local
Government Area of the state to the community.
While handing over the project, Governor Babatunde
Fashola (SAN) continued his campaign of dissuading
residents from converting walkways to stalls, in order to
ensure the safety of school children. He said children
would use the walkways for safety when going to school
but when they have been converted to stalls, they would
endanger the lives of the children who would be pushed
to making use of the road.
He described the road as a collective asset for both vehicle
owners and those yet to own such, hence both must take
proper care of the road. He noted that the completion of
the road was in fulfilment of his promise to complete over
200 inner city roads which are in various stages of
completion in the state, with many recently handed to
their communities.
Gbeleyi said the benchmark adopted by the state in 2013
was 13.15 per cent, while total public debt stock to GDP
stood at 2.98 percent. “For a frontier economy like ours, the
threshold that is allowed is about 20 percent. As at last year,
the ratio of our debt to total revenue was 112. That is the total
debt stock at the percentage of revenue. That is 112 percent
compared to the benchmark.
``The benchmark allows us to borrow up to 250 percent of
our total revenue. Again, we are well within that threshold.
The last is also regulated by the Federal Ministry of Finance
under the Fiscal Responsibility Act. We are allowed to
borrow up to 50 percent of our last three year revenue,'' he
stated.
Continued on Page 4
FESTAC TOWN GETS MATERNAL AND CHILDCARE CENTRE
- seyi akitoye
F
or residents of FESTAC town, it was jubilation
galore, as government eased the burden of their
pregnant women and children from going far in
seeking maternal and paediatric care.
Handing over the first of its kind Amuwo-Odofin
Maternal and Childcare Centre in FESTAC Town, the
sixth in the series, Governor, Babatunde Fashola (SAN),
appealed to residents to take full advantage of the facility
at all times , instead of patronizing quacks. According to
him, out of the ten of such centres planned for the state by
his administration, six of them, namely; Ajegunle, Gbaja
in Surulere, Ifako-Ijaiye, Isolo and Ikorodu, have been
completed and are fully operational, including the
Amuwo-Odofin MCC which opened for operation two
mon