The Lagos State Governor, Mr Babajide Sanwo-Olu has presented a budget of ₦1,388,285,459,990.51 to the Lagos State House of Assembly on Wednesday.
Sanwo-Olu, while presenting the document, which he described as Budget of Consolidation, said the N1.4trn budget size comprises a total revenue of ₦1,135,159,092,822.30 and a deficit financing of ₦253,126,367,168.21.
According to the governor, the recurrent expenditure for the 2022 fiscal year is ₦564,934,331,886.41, making 41 per cent of the budget, saying the capital expenditure of ₦823,351,128,104.10, stands at 59 per cent of the total package.
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