December 13, (THEWILL) – Lagos State Governor, Babajide Sanwo-Olu, has presented the 2024 budget of N2.2 trillion to the State House of Assembly.
Presenting the appropriation titled “Budget of Renewal” to the Assembly on Wednesday, Sanwo-Olu said it comprises N1.02 trillion recurrent expenditure, which is 45 percent of the total budget, and N1.22 trillion capital expenditure, which is 55 percent of the budget.
The Governor noted that the 2024 appropriation proposal will further cushion the effects of the fuel subsidy removal and other economic hardships on the people of Lagos.
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