Sanwo-Olu jerks up Lagos budget to N1.255 trillion
The Lagos House of Assembly has received Governor Babajide Sanwo-Olu’s request to amend the 2021 Appropriation Law almost nine months after its passage.
The Speaker, Mudashiru Obasa, announced this at the plenary on Thursday.
The assembly on December 29, 2020, passed the state government’s N1.164 trillion budget for 2021.
Mr Obasa said the governor was requesting the assembly to authorise the reordering of N460.58 billion to N496.26 billion for the recurrent expenditure and N702.93 billion to N759.59 billion for the capital expenditure.
“The governor also asked that the budget size of N1.163 trillion be revised to N1.255 trillion for the year ending December 31, 2021,” said Mr Obasa.
Afterwards, the speaker committed the governor’s request to the House Committee on Economic Planning and Budget.
Mr Obasa added that the committee was to report its findings to the house in one week.
(NAN)
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