Commissioner Explains Why Lagos Is Most Indebted State

Channels Television  
Updated April 17, 2014

Business incorporatedThe Lagos State Commissioner for Finance, Mr Ayo Gbeleyi has assured indigenes that the monies borrowed by the State were being channeled into developmental projects.

Mr Gbeleyi who was our guest on Channels Television’s business programme, Business Incorporated, said the developmental projects in the state is the justification of the state being the most indebted state in the country.

He was speaking on the sideline of the just concluded Lagos Economic Summit which focused on how to achieve steady electricity supply for the people of Lagos.

With the theme, ‘Powering The Lagos Economy: Real Opportunities, Endless Possibilities,’ participants believed that the political elites must show the example and be more committed if the power sector must be revamped.