Lagos State Governor Akinwunmi Ambode has expressed confidence that regardless of the gloomy economic predictions, the state will record progress in 2016.
A statement issued on Friday by Ambode’s Chief Press Secretary, Mr Habib Aruna, quoted the governor as saying that the implementation of the N662.58 billion budget for 2016 would engender progress.
“The indicators for 2016 are not encouraging, but we are very confident that our state will record significant progress.
“We will introduce measures to increase our revenues and allocate resources to the areas of greater good.
“We have had several good meetings with investors who are keen to come and do business in the state.
“The revenue derived from the federal allocation has been on the decline and is expected to decline further.
“So while, the indicators say that there will be less revenue, inflation and job cuts, we are quietly confident about 2016.
“We are inspired to face the challenges and prepared to maximise the opportunities that will unfold,” he said.
Ambode said the focus of his government in the last seven months was geared towards laying a foundation for the sustainable development of the state, through prudent management of resources, public sector reforms and realignments, thereby reducing the cost of governance.
He thanked the club for contributing their quota toward the development of the state and appealed for continued support, cooperation and understanding.