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Lagos State Governor, Babajide Sanwo-Olu, has signed into law N2.267 trillion 2024 Appropriation Bill.
The signing, according to Governor Sanwo-Olu, marked the start of a new expenditure cycle.
“This Budget of Renewal prioritizes infrastructure, environment, education, and technology, with increased allocation for security and public safety,” he added.
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The governor stated that of the total budget, 58% goes to capital expenditure, while 42% is for recurrent spending.
He said additional allocation of N21.74 billion, approved by the Assembly, aims to complete key infrastructure and address priority areas.
“The successful implementation of this budget is crucial for the citizens’ wellbeing and aligns with our THEMES+ agenda, aiming to transform lives and businesses.
“I assure you all that transparency and accountability will be our watchword in the implementation of this budget and I thank the Lagos State House of Assembly for their dedication to the people of Lagos during the budget review.”