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Lagos Assembly passes N873.532bn 2019 budget



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80 days after it was presented by the state governor, the Lagos State House of Assembly has passed the state’s 2019 Appropriation Bill of N873. 532bn.

Total budget size passed by the Assembly on Monday is N873.532b, which is about N21.215b more than the N852.317b originally presented to the Assembly by Governor Akinwunmi Ambode on February 5.

The passage followed the adoption of the report and recommendations of the House Committee on Budget and Economic Planning, headed by Gbolahan Yishawu (APC-Eti-Osa II).

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N393, 841, 387, 020 from the Consolidated Revenue Fund was approved for recurrent expenditure and N479, 691, 073, 705 from Development Revenue Fund for capital expenditure.

Speaker of the House, Mudashiru Obasa, commended Yishawu and members of his committee for a thorough scrutiny of the budget.

Obasa said: “That a bill for a law to authorise the issue and appropriation of N393,841,387,020 from the Consolidated Revenue Fund for recurrent expenditure and N479, 691,073,705 from Development Fund for capital expenditure thereby totalling a budget size of N873,532,460,725 for the Year ending 31st December, 2019 be passed into law.”

He then directed the Clerk of the House, Azeez Sanni, to send a clean copy of the passed Appropriation law to the governor for signature.

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