The Lagos State Governor, Babajide Sanwo-Olu has promised transparency in the implementation of the newly signed N2.267 trillion 2024 Appropriation Bill.
Sanwo-Olu signed the bill into law on Monday. The State would prioritize infrastructure, environment, education, and technology, with increased allocation for security and public safety in the 2024 fiscal year.
“Of the total budget, 58% goes to capital expenditure, while 42% is for recurrent spending. The additional allocation of N21.74 billion, approved by the Assembly, aims to complete key infrastructure and address priority areas.
“The successful implementation of this budget is crucial for the citizens’ wellbeing and aligns with our THEMES+ agenda, aiming to transform lives and businesses.
“I assure you all that transparency and accountability will be our watchword in the implementation of this budget and I thank the Lagos State House of Assembly for their dedication to the people of Lagos during the budget review,” his statement read on his official X account.