Lagos Assembly Passes N2.267 Trillion 2024 Budget 

The Lagos State House of Assembly on Friday passed a total of N2,267,976,120,869 as the 2024 budget size of the State at a plenary session presided over by the Speaker, Mudashiru Obasa.

This was made known in a statement to Naija News by the Chief Press Secretary to the Speaker, Eromosele Ebhomele.

READ ALSO: President Tinubu Signs N28.7 Trillion 2024 Budget into Law

The budget representing 58 percent Capital Expenditure and 42 percent Recurrent Expenditure was approved following a unanimous voice vote by all the lawmakers present at the sitting.

“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 totaling a budget size of N2,267,976,120,869 for the year ending 31st December, 2024 be passed into law,” the Speaker had raised on the floor as the budget report was read a third time.

Dr. Obasa, thereafter, commended the lawmakers for their dedication and cooperation at ensuring a quick passage of the Appropriation Bill while directing the Clerk of the House, Barr. Olalekan Onafeko, to forward a copy of the approved budget to Governor Babajide Sanwo-Olu for assent.

Prior to its passage, Hon. Sa’ad Olumoh, chairman of the joint-committee on Budget and Finance, had presented a report containing some recommendations to the House.

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