Lagos state house of assembly has Passes the 2024 Budget into law, charging the state Governor, Babajide Sanwo-Olu to ensure prompt and strict implementation of the budget as stipulated in the proposal.
The budget was passed today, during plenary, presided over by the speaker of the house, Mudashiru Obasa who appreciated the lawmakers for the thorough scrutinization of the document to ascertain that the needs and yearnings of the people are adequately captured in the framework.
The budget representing 58 percent Capital Expenditure and 42 percent Recurrent Expenditure was approved following a unanimous voice vote by all the lawmakers present at the sitting, with the speaker directing the Clerk of the House, Olalekan Onafeko, to forward a copy of the approved budget to Governor Babajide Sanwo-Olu for assent.
Prior to its passage, chairman of the joint-committee on Budget and Finance, Sa’ad Olumoh, had presented a report containing some recommendations including the Public Works Corporation, the Water Corporation and the state-owned tertiary institutions which he said should be placed on first-line charge to enable them perform optimally.
Governor Sanwo-Olu had on Wednesday, December 13, 2023, presented the 2024 budget proposal of N2.246 trillion to the House of Assembly saying that the state anticipated internally generated revenue of N1.251 trillion and federal government allocations of N596.629 billion.
Obasa, adjourned sitting until Monday, 12th of February, 2024.
