December 13, 2023

Sanwo-Olu Presents 2024 Budget Tagged “Budget of Renewal” To Lagos Assembly

The New Diplomat

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The Lagos State government has presented a N2.24 trillion budget for the 2024 fiscal year to the state House of Assembly for deliberation and approval.

Governor Babajide Sanwo-Olu presented the 2024 appropriation bill tagged “Budget of Renewal” to the state’s legislature today.

The governor said the budget comprises N1.22 trillion as capital expenditure for the year representing 54.4% of the total budget.

Recurrent expenditure for the state in 2024 stood at N1.02 trillion which includes overhead cost, personnel cost, and recurrent debt service.

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