Lagos Assembly Passes N1.768tr Budget

The Lagos State House of Assembly has on Monday passed the state’s N1.768 trillion budget for 2023.

A breakdown of the approved budget revealed N748.096 billion as recurrent expenditure and N1.019 trillion as capital expenditure.

Mudashiru Obasa, speaker of the Assembly, said the passion with which the lawmakers processed the bill for passage showed their love for the progress of the state.

A part of the breakdown for the sectoral allocations also shows that N3.2 billion (N3,228,396,960) was approved as the new Overhead Cost of the Office of Civic Engagement for drug abuse advocacy.

The sum of N802,987,206 was approved as the new capital expenditure of the Ministry of Economic Planning & Budget while N1,200,000,000 was approved as the new overhead cost (Social Intervention and Humanitarian Programme) in the Ministry of Economic Planning and Budget.

While receiving the proposal from the governor, Mr Obasa had urged that the 2023 budget “should have more human face, be targeted at reducing poverty and improving the welfare of the residents of the state as part of the THEMES agenda of the administration.”