Lagos State Governor, Babajide Sanwo-Olu, on Wednesday, presented the 2024 budget tagged "Budget of Renewal" before the Lagos State House of Assembly.
The state's House of Assembly shared pictures from the event on it's official X handle on Wednesday
The caption read, "The Lagos state government has presented a N2.24 trillion budget for the 2024 fiscal year to the state House of Assembly for deliberation and approval.
"Governor Babajide Sanwo-Olu presented the 2024 appropriation bill tagged “Budget of Renewal” to the state’s legislature today.
"The Governor said the budget comprises of N1.22 trillion as capital expenditure for the year representing 54.4% of the total budget.
"Recurrent expenditure for the state in 2024 stood at N1.02 trillion which includes overhead cost, personnel cost, and recurrent debt service."
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