The Lagos State Governor, Babajide Sanwo-Olu, has presented the sum of Three trillion ,five billion, nine hundred and thirty five million one hundred and ninety eight thousand four hundred and one naira (N3,005,935,198,401) before the state House of Assembly as a proposed budget for the year 2025.
The budget which is tagged the “Budget of Sustainability.” focuses on capital projects aimed at economic growth and development.
A breakdown of the budget shows that N1.7 trillion was proposed for the Capital budget while N1.2 trillion was set aside in the budget before the lawmakers for the recurrent budget in the coming year.
Governor Sanwo-Olu who emphasized the budget’s focus on infrastructural development and sustainability reassured Lagosian that the budget aligns with the state’s commitment to maintaining fiscal responsibility and dedication to critical needs in education, healthcare, security, and the environment.
The budget proposal awaits approval by the Lagos State House of Assembly
