EKO NEWS
Lagos Lawmakers Okay N1.163trn Budget
Lagos State House of Assembly has approved and passed a budget of N1.163trillion for 2021.
The budget named: “Budget of Rekindled Hope”, was passed after weeks of deliberations, relation, and defense of the budget proposal by the Ministries, Departments, and Agencies (MDAs).
A report of the Appropriation Committee was presented during plenary by the Chairman of the Joint Committee on Economic Planning and Budget and Finance, Gbolahan Yishawu (Eti Osa 2).
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Recurrent Expenditure is N460.6billion, while Capital Expenditure stands at N702, 94billion.
Eko Hot Blog recollected that Governor Babajide Sanwo-Olu on November 9 had presented budget estimates of N1.155 trillion to the House of Assembly for approval for the 2021 fiscal year and has been authorized and ratified as of now.
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