•Assures Lagosians of 95% performance
Segun James
Lagos State Governor, Mr. Babajide Sanwo-Olu, yesterday signed the State’s 2025 appropriation bill of N3.36 trillion into law.
The Lagos State House of Assembly had jerked up the N3.005 trillion 2025 budget proposal by over N300 billion to N3,366,815,224,144 before its passage.
Sanwo-Olu, had on November 21, 2024, presented the appropriation bill of over N3 trillion for 2025 before members the State House of Assembly for consideration and approval.
The Governor, during the presentation, had told the lawmakers that the budget has a deficit financing of N408,902 billion adding that the deficit would be financed from external and internal loans and bonds.
The fiscal document was structured around five key pillars which include: Infrastructure Sustainability, Economic Diversification, and Institutional Reforms.
However, Sanwo-Olu signed the budget themed: “Budget of Sustainability,” yesterday,…
Source: Thisday Newspaper
