Governor Babajide Sanwo-Olu, on Monday, signed the Lagos State 2019 Appropriation Bill into law.
Sanwo-Olu signed the budget which amounts to 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).
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. Read more