Lagos State Governor, Mr. Babajide Sanwo-Olu has revealed that the state would borrow N350b to finance the state 2023 budget of N1.692trn. The governor, who presented the budget to the state assembly, said the state government is expecting a N1.342b revenue to fund the budget. According to Sanwo-Olu, about N759b would be for recurrent expenditure […]
Lagos State Governor, Mr. Babajide Sanwo-Olu has revealed that the state would borrow N350b to finance the state 2023 budget of N1.692trn. The governor, who presented the budget to the state assembly, said the state government is expecting a N1.342b revenue to fund the budget. According to Sanwo-Olu, about N759b would be for recurrent expenditure…Lagos State Governor, Mr. Babajide Sanwo-Olu has revealed that the state would borrow N350b to finance the state 2023 budget of N1.692trn.
The governor, who presented the budget to the state assembly, said the state government is expecting a N1.342b revenue to fund the budget. According to Sanwo-Olu, about N759b would be for recurrent expenditure while N932b would be for capital expenditure. The governor before giving details of the 2023 budget took time to provide details of projects and programme executed by his administration in the past three years.
Sanwo-Olu asked that Lagos State should be given a special status because it needs all the support to succeed as a subnational that receives people from every part of the country.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
We Want To Make Lagos Hub Of Creative Industry, Says Sanwo-OluLagos State Governor Babajide Sanwo-Olu has said his administration is determined to make the state a hub of creative industry that will be revered across the
Read more »
Sanwo-Olu presents N1.7trn 2023 budget to Lagos AssemblyLagos Governor Babajide Sanwo-Olu has presented the 2023 budget proposal of N1.692.671trillion to the House of Assembly. The 'Budget of Continuity' tabled
Read more »
New fire stations will reduce losses, says Sanwo-OluThe Lagos State Governor, Babajide Sanwo-Olu, has said the new and upgraded fire stations in the state will lead to a considerable reduction in losses associated with fire outbreaks.
Read more »
Sanwo-Olu inaugurates new fire stationsThe governor said the remaining three new stations at Ijede, Kosofe, and Ijegun would be completed and delivered before May 2023.
Read more »
Sanwo-Olu presents 2023 budget, proposes N1.692trnGovernor Babajide Sanwo-Olu of Lagos State has presented a budget size of N1.692trillion to the State House of Assembly....
Read more »
Progressives G10 backs Tinubu | The Guardian Nigeria News - Nigeria and World NewsGrassroots movement, The Progressive G10, chaired by the Mr. Tayo Akinmade Ayinde, Chief of Staff to Lagos State Governor Mr. Babajide Sanwo-Olu, has thrown its weight behind the presidential ambition
Read more »