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.

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…