The Lagos State House of Assembly has endorsed the “Budget of Rekindled Hope,” at N1.163trillion for year 2021.
After weeks of interaction, deliberations and defence of the budget proposal by the Ministries, Departments and Agencies (MDAs) the states lawmakers yesterday okayed the budget.
One report of the Appropriation Committee was presented during plenary by the Chairman of the Joint Committee on Economic Planning and Budget and Finance, Gbolahan Yishawu (Eti Osa 2).
Recurrent Expenditure is N460.6billion, while Capital Expenditure stands at N702, 94billion.
Recall that the Lagos State Governor Babajide Sanwo-Olu on November 9 presented budget estimates of N1.155 trillion to the House of Assembly for approval for the 2021 fiscal year.
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