The Federal Executive Council has approved a loan of 20 million dollars for Lagos State strategic transportation plan.

The money is part of the 247 million dollars loan approval granted at yesterday’s weekly FEC meeting presided over by President MUHAMMADU BUHARI.

The other 227 million dollars loan is for rural electrification and West Africa Power projects.

The Finance Minister, ZAINAB AHMED, who announced the loan approval, said the Lagos transportation project will be beneficial to 1.8 million residents.