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Monday, June 3, 2019

Babjide Sanwo-Olu signs 2019 Lagos budget

Governor Babajide Sanwo-Olu has signed the Lagos State 2019 Appropriation Bill into law today.

Sanwo-Olu signed the budget which amounts to N873,532,460,725. The budget has recurrent expenses of N393, 841, 387 (45 per cent) Capital expenses of  N479, 691, 775 (55 per cent).

The budget proposal of N852bn was submitted to the State House of Assembly on February 5, 2019 by former Governor Akinwunmi Ambode but it was increased by N21bn by the lawmakers.

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