Lagos State is preparing to launch one of Africa’s most innovative asset securitization programs in 2026 to fund its infrastructure overhaul.

Finance Commissioner Abayomi Oluyomi announced the initiative, which aims to raise nearly 20 trillion naira by pooling and selling over 300 key state assets through a special investment vehicle.

This approach shields the state from direct debt while maintaining fiscal responsibility. The program also introduces digital tokenisation, allowing citizens to invest in state projects, marking a groundbreaking effort for sub-national funding in Africa.

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