Lagos State Governor, Babajide Sanwo-Olu, on Wednesday presented a budget estimate of N1.388 trillion for the 2022 fiscal year to the State’s House of Assembly for consideration.
Tagged ‘Budget of Consolidation’, the Appropriation Bill 2022 provided for a recurrent expenditure of N564.93 billion, representing 40.4 percent of the proposed budget while capital expenditure was put at N823.35 billion or 59.6 per cent of the total budget size.
Those that witnessed the laying of the Bill before the state lawmakers include, the Deputy Governor, Obafemi Hamzat; members of the State Executive Council (commissioners); lawmakers; traditional rulers; chiefs, the State Commissioner of Police, Hakeem Odumosu, and members of the Governor’s Advisory Council (GAC).
Others are heads of security agencies, local government chairmen and other stakeholders.
Details shortly…
