The Lagos State government has said that it is in the process of securing bonds to the tune of N185bn following positive rating approvals from rating agencies due to increased bondholder’s confidence.
This was disclosed by the state’s Debt Management Office which noted that the automation of the office had further assisted the agency’s financial transaction processes, placing the state in good light among other states in the country.
A statement by the Lagos State Head of Service, Mr Hakeem Muri-Okunola, said that public administrators must keep abreast of international best practices while taking full advantage of the latest technologies in the performance of their duties and responsibilities.
He commended the leadership of the Lagos State DMO for its professionalism and clear commitment to the discharge of the very sensitive mandate in the challenging process of governance and financial management in Lagos State.
In his remarks, the Commissioner for Finance, Dr Rabiu Olowo, represented by the Accountant-General, Dr Abiodun Muritala, reiterated the resilience of Lagos State following the pandemic and expressed his belief that the state is now more resolute in its quest to give Lagosians infrastructure and services.
