Tinubu to APC screening committee: From N600m in 199, Lagos now generates N51bn monthly

2023: Pa Fasoranti backs Tinubu’s presidential ambition

All Progressives Congress leader, Asiwaju Bola Tinubu, has told the party’s primary election screening committee how he revolutionised the finances of Lagos State.

He governed the state on the country’s return to democracy, from 1999 to 2007.

According to him, the state was earning N600m initially but the initiatives he engendered, which subsequent governors have been building upon, have translated the IGR to N51bn monthly.

He said, “There are three highways in the development of a nation. If you have gas or supplying diesel, electricity transmission is also a highway and communication.

“I could remember that I brought Eron to this nation. Telecommunication is now a success today in Nigeria. I brought Econet. I helped them, they now want to adopt 5G, we started it.

“Nigeria is rich. The essence of our livelihood must be placed on short-term, and medium-term values. They must produce values for us,” he said.

The presidential aspirant also recommended the development of Nigeria’s commodity market.

While encouraging Nigeria to “establish commodity exchange”, he said, “Primary and secondary seedlings must not be underdeveloped. Keep your silos during every production, save your products in the silos and dry them, keep the surplus, you can never lose.”

In a statement, Director, Media and Communication, Tinubu Campaign Organisation, Bayo Onanuga, claimed that “Tinubu impressed the panel during the screening process with the way and manner he answered and provided insight into many of the questions asked.”

The statement read, “Some of the questions bordered on his upbringing, educational and professional background.

“He confidently told the panel why he is qualified to fly the flag of APC as its presidential candidate.

“He cited his success as governor of Lagos State, raising the state’s internal revenue generation from a paltry N600M monthly, which has now grown to N51 billion today.

“He also cited his invitation to Enron to begin the first state-backed power generation in Nigeria and spoke on how Nigeria will need to treat the power transmission lines as a highway.

“Tinubu in his answers demonstrated vast knowledge in economic management and a perfect understanding of Nigeria’s political economy.

“The screening committee expressed satisfaction with Tinubu’s knowledge of the economy and sociopolitical issues that are affecting the country.”

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