Lagos State Governor, Babajide Sanwo-Olu, has presented a N3 trillion budget proposal before the state’s House of Assembly.
Gatekeepers News reports that Special Adviser to the Governor on Media and Publicity, Gboyega Akosile revealed this through a statement released on Thursday.
The budget themed ‘Budget of Sustainability’ is made up of recurrent expenditure of N1.239 trillion (41%) and capital expenditure of N1.766 trillion (59%).
With a total Revenue of N2.5 trillion, the budget deficit stood at N408 billion which will be financed through external loans, internal loans, and bonds.
This is a developing news…
