Sanwo-Olu Presents N1.692trn 2023 Budget Proposal To Lagos Assembly

Lagos State Governor, Mr. Babajide Sanwo-Olu on Thursday presented N1.692 trillion 2023 appropriation Bill to the state House of Assembly.

Eko Hot Blog reports that Sanwo-Olu who christened the 2022 Budget Estimate as ‘The Budget of Continuity’ stood before the Assembly and defended the proposed budget for 2023 fiscal year.

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According to him, the budget will help his administration to continue on the path of people centered policy making and investments to create the right environment and access to high quality healthcare , education and skilling opportunities .

The ‘Budget of Continuity’ comprises revenue of N1.342 billion and deficit financing of N350,000 billion.

This further comprises total Internally Generated Revenue (IGR) of N1.108 billion and federal transfers of N234 billion.

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The estimate also propose a recurrent expenditure of N759 billion and Capital expenditure of N670 billion.

More To Come…

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