The Governor of Lagos State, Akinwunmi Ambode has presented the 2018 budget estimate before the Lagos State House of Assembly.
The budget tagged “Budget of Progress and Development”, has a projected size of One Trillion, Forty-six Billion, One Hundred and Twenty-one Million, One Hundred and Eighty-one Thousand, Six Hundred and Eighty naira (N1,046,121).
The budget has a recurrent expenditure of N347bn and a capital expenditure of N699bn.
Meanwhile, the Speaker of the Lagos House of Assembly, Mudashiru Obasa, has promised that the Assembly would scrutinise the Lagos N1.046tn to make sure that it delivered on its promises in meeting the aspirations of the people.
He said, “As usual, we are duty bound to painstakingly look at the the budget for the purpose of transforming same for the benefits of all Lagosians.
“I assure Lagosians that this House, through effective oversight, will ensure that the Year 2018 budget deliver on its promises to stimulate the economy of the state by focusing on infrastructure development, delivering inclusive growth and prioritising the welfare of Lagosians.”
