Last Friday, Sanwo-Olu said that Lagos needs at least a N7 trillion budget for infrastructure and basic amenities in the 2024 fiscal year.
By Jeffrey Agbo
Lagos State Governor Babajide Sanwo-Olu will on Wednesday present the 2024 budget before the State House of Assembly.
Commissioner for Information and Strategy, Gbenga Omotoso, made this known in a statement on Monday.
The commissioner said the Appropriation Bill would highlight the details of planned capital projects.
Omotoso said the Appropriation Bill would also highlight the details of recurrent expenditure and anticipated revenue for the fiscal year, and would be laid for consideration before the House of Assembly.
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”This presentation will follow the over 80 per cent impressive performance of the Y2023 Budget in Capital Expenditure across Q1, Q2 and Q3.
”Expected at the event are representatives of economic, political, cultural and civil society organisations,” he said.
Last Friday, Sanwo-Olu said that Lagos needs at least a N7 trillion budget for infrastructure and basic amenities in the 2024 fiscal year.
He, however, added that he would soon present a budget of over N2trn to the assembly.
The governor, who disclosed this at the 8th Lagos Corporate Assembly, a business forum, tagged ‘Babajide Olusola Sanwo-Olu, BOS Meets with Business Community,’ held at Lagos House, Ikeja, also expressed the readiness of his administration to ensure ease of doing business in the state despite current global business challenges.
“The demands from the report gathered from Ministries, Departments and Agencies show that if we have the resources, at least N7trn will be needed for the year 2024 budget to meet the state’s infrastructure challenges and other basic amenities,” he said.
