The Governor of Lagos State, Babajide Sanwo-Olu, has promised the people of the state that he will continue to develop infrastructure and grow the economy.
Sanwo-Olu made this commitment during the signing of the N115 billion 10-year 15.25 per cent Series 1 Bond issuance due 2033, and the N19.815 million seven-year 14.675 per cent Fixed Return Forward-Ijarah Lease Sukuk due 2030, under the N1 trillion debt and hybrid issuance, held at Lagos House, Alausa, Ikeja.
The proceeds from the bonds will be used to fund important projects that will improve infrastructure and promote economic growth in line with the state’s ‘THEMES’ Agenda.
The governor also stated that the issuances will create jobs and improve the quality of life for all residents.