Sanwo-Olu presents 2024 budget estimate of N2.2tr to Lagos Assembly

The Lagos State Governor, Babajide Sanwo-Olu, on Wednesday, presented the 2024 budget estimate of N2.2 trillion to the state House of Assembly for approval.

Sanwo-Olu, who presented the appropriation bill captioned: “Budget of Renewal,” at the Assembly Complex in Alausa, Ikeja, said N1.22 trillion was set aside as capital expenditure and N1.02 trillion for recurrent spending by the government next year.

READ ALSO: Lagos needs N7tr to boost infrastructure, other amenities – Sanwo-Olu

He said the budget would further cushion the effects of the fuel subsidy removal and other economic hardships in the state.

The governor stressed that the process of putting the budget together was guided by his administration’s T.H.E.M.E.+ Agenda.

The budget, according to Sanwo-Olu, will consolidate the achievements recorded by his government since 2019.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now