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Lagos State House of Assembly passes 2017 appropriation bill.

Lagos State House of Assembly passes 2017 appropriation bill.

The Lagos State House of Assembly has passed the state’s 2017 Appropriation bill of 812.998 billion Naira.

The passage followed the adoption of the report and recommendations of the Chairman, House Committee on Budget and Economic Planning, ROTIMI OLOWO.

The Budget which  was tagged  “The Golden Jubilee Budget” put the  Recurrent Expenditure at  Three Hundred Billion, Five Hundred and Thirty-Four Million, Seven Hundred and Eighty Seven  Thousand, Six Hundred and Thirty Four Naira  and  Capital Expenditure at five hundred and twelve billion, four hundred and sixty three million, five hundred and two thousand, seven hundred and six Naira.

OLOWO, while presenting the committee report, said that the state was able to achieve 71 per cent budget performance in 2016 in spite of the economic recession in the country.

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