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Lagos State takes over LCC,...

Story from Kenneth AFOR, Lagos In order to...

Lagos State takes over LCC, saves company $3.24 million annual debt servicing

Story from Kenneth AFOR, Lagos In order to ease the debt burden on Lagos Concession Company (LCC), the State House of Assembly has granted the request of the Governor, Mr Babajide Sanwo-Olu for the conversion of the African Development Bank (AfDB) loan to LCC, a privately owned organisation, for the State Government to take full ownership of the company. This was achieved based on the request received from the Executive arm on Monday, June 21, 2021, and was handed to Committee on Finance to look into the report to make necessary...
Fatima Gimba -
Business & Economy

Lagos State takes...

Story from Kenneth AFOR, Lagos In order to ease the debt burden on Lagos Concession Company (LCC), the State House of Assembly has granted the...
Fatima Gimba -
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