Showing posts with label Insurance. Show all posts
Showing posts with label Insurance. Show all posts

Monday, 4 May 2015

How to balance the books! Lagos insures infrastructures for N133bn against Boko Haram

How to balance the books! Lagos insures infrastructures for N133bn against Boko Haram
With barely few days remaining before the end of his administration, Governor Babatunde Fashola of Lagos State has devised a means to balance and re-calibrate public funds. The Lagos State Government today announced that it has has decided to insure infrastructures in the state against Boko Haram and natural disasters to the tune of N133 billion. The account must surely balance one way or the other - even if it means panel-beating it into shape. It is called retirement of funds.