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).

READ ALSO: Farmers To Grow Rice In Lagos- RIFAN President

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.

Oyinlola Elizabeth Ojetola

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Oyinlola Elizabeth Ojetola

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