Femi Otedola Donates ₦1 Billion To Lagos State Security Trust Fund (Photos)

Nigerian billionaire businessman, Femi Otedola has donated the sum of ₦1bn to the Lagos State Security Trust Fund (LSSTF).

The donation was personally received on Wednesday by the Lagos State Governor, Babajide Sanwo-Olu.

Naija News reports that the cheque for the one billion naira donation was presented by Otedola’s daughter, Tolani Otedola.

Confirming the donation, the Senior Special Assistant to Governor Sanwo-Olu on New Media, Jubril Gawat, wrote via his account on the X platform: “Governor of Lagos State, Mr@jidesanwoolu, today received the cheque of 1 Billion Naira Donation by a patriotic citizen and an ambassador of Lagos State, Mr Femi Otedola, @realFemiOtedola to the Lagos State State Security Trust Fund (@followlsstf).

“The presentation was made by his daughter, Ms Tolani Otedola, @shestolani today at the Lagos House, Marina.

“Mr Femi Otedola has been a consistent donor to the Fund.”

Lagos Assembly Passes ₦2.267 Trillion 2024 Budget

Meanwhile, the Lagos State House of Assembly last Friday passed a total of ₦2,267,976,120,869 as the 2024 budget size of the State at a plenary session presided over by the Speaker, Mudashiru Obasa.

This was made known in a statement to Naija News by the Chief Press Secretary to the Speaker, Eromosele Ebhomele.

The budget representing 58 percent Capital Expenditure and 42 percent Recurrent Expenditure was approved following a unanimous voice vote by all the lawmakers present at the sitting.