Lagos State governor, Babajide Sanwo-Olu has signed the N2.267 trillion 2024 Appropriation Bill of Lagos State into law, marking the start of a new expenditure cycle.
The Budget of Renewal ,according to the governor prioritizes infrastructure, environment, education, and technology, with increased allocation for security and public safety.
Sanwo-Olu explained that the successful implementation of this budget is crucial for the citizens’ wellbeing and aligns with our THEMES+ agenda, aiming to transform lives and businesses.
“Of the total budget, 58% goes to capital expenditure, while 42% is for recurrent spending. The additional allocation of N21.74 billion, approved by the Assembly, aims to complete key infrastructure and address priority areas.
“I assure you all that transparency and accountability will be our watchword in the implementation of this budget and I thank the Lagos State House of Assembly for their dedication to the people of Lagos during the budget review.” The governor said