Lagos State Governor, Babatunde Sanwo-Olu, on Thursday signed the state’s 2021 budget of N1.163 trillion.
In his address at the ceremony, the governor said his administration would not relent on rebuilding the state following the destruction of several private and public properties by hoodlums during the #ENDSARS protest in October.
The appropriation bill christened the “Budget of Rekindled Hope” has capital expenditure and recurrent expenditure at 60:40 ratio.
The Lagos State House of Assembly passed the budget on Tuesday.
He said: “With the passage of the bill, we will continue our work of rebuilding Lagos, advancing economic growth, and expanding opportunities for Lagosians to flourish despite the economic challenges caused by the COVID-19 pandemic.
“As we already know, 2020 will go down in history as a peculiar year largely defined by the COVID 19 pandemic and the #ENDSARS protests, which were recklessly hijacked by those who destroyed some of our public assets and private businesses.
“We are, however, fortunate to be going into the New Year, with an already passed budget, which will help to expedite our recovery process.
“A significant portion of the budget has been committed to human capital development, youth engagement, social intervention initiatives, and the completion of ongoing projects that are critical to achieving the objectives of our T.H.E.M.E.S agenda.
“The Honourable Commissioner for Economic Planning and Budget will present to the general public the full details and breakdown of the budget in due course.”
Join the conversation
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.
In Niger, communities suffer as multi-billion naira Auna Dam project remains uncompleted despite 38 years of investments
In Niger State, the over 20 communities around Auna River have had their hopes for fresh water, electricity supply and...
INVESTIGATION: Years after, 15km Eleme-Onne end of East-West Road remains death-trap despite billions released
In this report, ARINZE CHIJIOKE chronicles the sufferings of road users on the 15km Eleme-Onne end of the East-West Road...
Gaza attacks intensify as 12 Thais, 10 Nepalese killed in Israel
The current violence in Israel has claimed the lives of at least 12 Thai people and 10 Nepalese individuals. Eight...
INVESTIGATION: Poorly executed classroom projects force children out of school in Niger State
Once a vibrant hub of learning for pupils, Kodo Primary School now resonates a stark contrast to its former days...
SPECIAL REPORT: Shell’s inaccurate data raises questions around efforts to control methane emissions in Nigeria
Much worse for the environment than carbon dioxide, despite global efforts to control methane, emissions continue soaring. With over a...