The Lagos State House of Assembly has passed the N2.267 trillion budget for 2024 presented by Governor Babajide Sanwo-Olu last year.
The Budget was passed on Friday at a Plenary presided over by the Speaker, Mudashiru Obasa, according to a statement by the Speaker’s Chief Press Secretary, Eromosele Ebhomele.
“A bill for a Law to authorise the issuance and appropriation of N952,430,566,998 from the Consolidated Revenue Fund for Recurrent Expenditure and N1,315,545,553,871 from Development Fund for Capital Expenditure thereby totalling a budget size of N2,267,976,120,869 for the year ending 31st December 2024 be passed into law,” the Speaker said on the floor of the House as the budget report was read a third time.
Additionally, the Speaker instructed the Clerk of the House, Olalekan Onafeko, to send a copy of the approved budget to Governor Sanwo-Olu for his approval.
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