Governor Babajide Sanwo-Olu has presented a budget estimate of 2.24 trillion naira for the 2024 fiscal year to the state House of Assembly.
The document, entitled “Budget of Renewal," was presented at the Chamber of the Lagos State House of Assembly at Alausa Ikeja.
The governor, who noted that the 2023 budget is expected to achieve at least 90 percent implementation, proposed that the 2024 appropriation bill comprise N1.02 trillion recurrent expenditure, 45 percent recurrent expenditure, and 55 percent capital expenditure.
The governor noted that the 2024 appropriation proposal will further cushion the effects of the fuel subsidy removal and other economic hardships on the people of Lagos.
MORE STORIES:
