Lagos is spending big on infrastructure. But choking on debt.

As of December 2022, Lagos was the state with the highest debt stock across the Nigerian federation.

Dec 15, 2023

∙ Paid

Governor, Babajide Sanwo-Olu presented the 2024 budget to the House of Assembly on December 13, 2023. Credit: Babajide Sanwo-Olu / Twitter — Governor Babajide Sanwo-Olu presented the 2024 budget to the House of Assembly on December 13, 2023. Credit: Babajide Sanwo-Olu / Twitter

Earlier this year, the Lagos State Government launched the long-awaited Blue Line rail, connecting thousands of people between Marina and Mile 2. The project was announced with much fanfare and the state government imp…

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