Lagos State Gets $200m World Bank Credit
Lagos State, yesterday, secured $200 million World Bank credit to support a range of reforms on fiscal sustainability, budget planning, budget execution, and the investment climate in the state.
The credit is expected to help sustain the state’s recent economic growth and poverty reduction index, while continuing to deliver social services to the city’s expanding population.
Lagos State government was said to have, in the past decade, achieved significant economic growth, improved its infrastructure and services, significantly reduced crime, and brought millions of people out of poverty.
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