BREAKING: Lagos assembly passes N2.267tn 2024 budget

The Lagos State House of Assembly has passed the N2.2tn 2024 Appropriation Bill presented to it by Governor Babajide Sanwo-Olu.

The budget was passed on Friday at a plenary presided over by the Speaker, Mudashiru Obasa, according to a statement by the Speaker’s Chief Press Secretary, Eromosele Ebhomele.

“A bill for a law to authorise the issuance and appropriation of N952,430,566,998 from the Consolidated Revenue Fund for Recurrent Expenditure and N1,315,545,553,871 from Development Fund for Capital Expenditure thereby totalling a budget size of N2,267,976,120,869 for the year ending 31st December 2024 be passed into law,” the Speaker said on the floor of the House as the budget report was read a third time.

Details later…