The Lagos State Governor, Babajide Sanwo-Olu, has on Monday signed into law the 2019 Lagos state’s appropriation of N873, 532,460,725.
The budget has recurrent expenses of N393, 841, 387 (45 per cent) Capital expenses of N479, 691, 775 (55 per cent).
Recall that the budget proposal of N852bn was submitted to the State House of Assembly on February 5, 2019 by former Governor Akinwunmi Ambode but it was increased by N21bn by the lawmakers.
Ambode had been threatened with impeachment for delaying the submission of the budget proposal, after submission, the House deliberated on it and finally passed it on April 30, 2019.
Ambode had presented a total budget of N852.3bn to the house, explaining that there was a reduction in the projected revenue of the state, which affected the implementation of the 2018 budget estimates.