Governor Sanwo-Olu presents 2024 budget to Lagos Assembly
"The Year 2024 Budget as proposed has a total budget size of ₦2.246,234 trillion, comprising a Total Revenue of ₦1.847,951"
Lagos State Governor, Babajide Sanwo-Olu has presented the 2024 budget of ₦2.246,234 trillion to the State Assembly in Alausa, Ikeja.
The budget christened “Budget of Renewal,” fashioned after the national budget, has one point two-two-four trillion naira as capital expenditure representing fifty-five percent of the budget and one point zero-two trillion naira for recurrent expenditure representing forty-five percent of the budget size.
The budget has revenue estimate of ₦1.847 trillion one point eight-four-seven trillion naira with a deficit of ₦398 billion.
"The Year 2024 Budget as proposed has a total budget size of ₦2.246,234 trillion, comprising a Total Revenue of ₦1.847,951.
"Trillion Naira and Deficit Financing of N398.283 billion Naira Total Revenue comprises our Internally Generated Revenue and Total Federal Transfers as follows: Total IGR ₦1.251,322 trillion, and Total Federal…
