Lagos Governor Babajide Sanwo-Olu has introduced the 2023 budget proposal of N1.692.671trillion to the House of Assembly.
The ‘Budget of Continuity’ tabled on Thursday has a capital-to-recurrent ratio of 55:45 %.
Speaker Mudashiru Obasa stated the Appropriation Bill ought to goal the discount of poverty and enhance the welfare of residents.
Obasa famous that although the state authorities had achieved rather a lot in its efforts to improve Lagos’s standing, the individuals look ahead to further dividends.
The lawmaker urged the Federal Government to approve the allocation of 1 % particular standing to the State contemplating its inhabitants.
Obasa promised that the House would perform its constitutional obligation of scrutinising the proposal for the good thing about all.
“In the remaining months leading to the end of this administration, so much more needs to be done; so much is needed from us as the good people of Lagos yearn for more dividends of democracy”, he stated.
In December 2021, the Assembly passed N1.758 trillion budget for 2022. The last estimate was elevated from the N1.388 trillion initially introduced.
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Author: Wale Odunsi