Lagos—Governor Akinwunmi Ambode of Lagos State yesterday said that the state would require at least $30 billion dollars to adequately deliver 30 most impactful infrastructural projects over the next five years.

The Governor, who spoke shortly before inaugurating a 12-member Economic Advisory Committee at the Lagos House, Ikeja, said the projected figure represents about $6 billion per annum,  whereas the provision for capital projects in the 2017 budget is pegged at N500 billion.

Lagos State Governor, Mr. Akinwunmi Ambode,

The governor later inaugurated renowned economist and founder of Agusto & Co, Mr. Olabode Agusto as the Chairman, while Commissioners for Finance, Mr. Akinyemi Ashade; Energy and Mineral Resources, Mr. Olawale Oluwo and Commerce, Industry and Cooperatives, Mr. Rotimi Ogunleye are members of the Committee.

Other members include former Managing Director, Skye Bank, Mr. Kehinde Durosinmi-Etti; Former Country Senior Partner, PwC, Mr. Kenneth Igbokwe; Founder/CEO Bestman Games Ltd, Mrs. Nimi Akinkugbe; Managing Partner, Dalmeida, Ogunlana & Co, Mrs. Adenike Ogunlana; Managing Director, Vetiva Capital, Dr. Laolu Mudashiru; former Minister of Science & Technology, Mrs. Omobola Johnson; Deputy Managing Director, Wema Bank Plc, Mr. Moruf Oseni and Mrs Yetunde Akinloye who doubles as Secretary of the Committee.

Responding on behalf of other members of the Committee, Agusto assured that they would work diligently and focus on the priorities of the State Government aimed at making life more comfortable for Lagosians.