Breaking ambode presents n852 31b budget to lagos assembly

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Breaking: Ambode Presents N852.31 Billion Budget to Lagos Assembly

Lagos, Nigeria - Lagos State Governor, Akinwunmi Ambode, has presented a budget of N852.31 billion to the Lagos State House of Assembly for the 2020 fiscal year.

The budget, which is the highest ever presented by the state government, is aimed at driving the state's economic growth, improving infrastructure, and enhancing the welfare of Lagosians.

Ambode, who presented the budget on Tuesday, said that the budget is designed to achieve the state's vision of becoming a 21st-century economy, with a focus on innovation, technology, and entrepreneurship.

The budget breakdown shows that N444.31 billion will be spent on recurrent expenditure, while N408 billion will be allocated to capital projects.

The governor said that the budget will focus on key areas such as transportation, education, healthcare, and infrastructure development.

"We are committed to delivering quality services to our citizens, and this budget is designed to achieve that," Ambode said.

The budget also includes provisions for the payment of salaries and pensions, as well as the implementation of the state's social welfare programs.

The Speaker of the Lagos State House of Assembly, Mudashiru Obasa, commended the governor for presenting the budget on time, and assured that the assembly will give it a thorough scrutiny before passing it.

The budget is expected to be passed by the assembly before the end of the year, and will take effect from January 1, 2020.

Key Highlights of the Budget

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