Home Business Lagos Assembly passes N1.163tr appropriation bill

Lagos Assembly passes N1.163tr appropriation bill

by Kunle Awosiyan

Lagos State House of Assembly has passed a budget of N1.163trillion for 2021.

Tagged “Budget of Rekindled Hope”, the bill was passed on Tuesday, after weeks of deliberations, interactions and defence of the budget proposal by the Ministries, Departments and Agencies (MDAs) in the state

Recurrent Expenditure stands at four hundred and sixty point six billion naira N460.6billion), while Capital Expenditure is seven hundred and two point nine-four billion naira (N702.94billion).

Governor Babajide Sanwo-Olu on November 9 presented budget estimates of N1.155 trillion to the House of Assembly for approval for the 2021 fiscal year.

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