Home Lagos Breaking: Sanwo-Olu presents consolidation budget for 2022

Breaking: Sanwo-Olu presents consolidation budget for 2022

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The Lagos Governor Babajide Sanwo-Olu has proposed a ₦1.388 trillion budget for the fiscal year 2022.

The ‘Budget of Consolidation’ was presented in the chambers of the House of Assembly.

Recurrent expenditure was estimated to be N564.93 billion, or 40.4 percent of the overall budget, while capital expenditure was estimated to be N823.35 billion, or 59.6 percent.

Deputy Governor Obafemi Hamzat, members of the State Executive Council (SEC), lawmakers, traditional rulers, White Cap Chiefs, Commissioner of Police Hakeem Odumosu, and members of the Governor’s Advisory Council (GAC), as well as heads of security agencies, local government chairpersons, and other concerned stakeholders, were among those who attended the presentation.

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