Breaking: Lagos Assembly Passes ₦1.768Trn 2023 Budget ~ Prestige News
– Obasa commends colleagues for their sacrifice
The Lagos State House of Assembly on Monday passed a total of ₦1,768,014,155,285 as the budget for 2023 with the Speaker, Rt. Hon. Mudashiru Obasa, thanking the lawmakers for their collective sacrifice and the swiftness with which the Appropriation Bill was handled.
A breakdown of the approved budget size shows the sum of
N748,096,508,571 as Recurrent expenditure and N1,019,917,646,713 as Capital expenditure for the year
ending 31st December, 2023.
A part of the breakdown for the sectoral allocations also shows that 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.
Dr. Obasa, who presided over the plenary, said the passion with which the lawmakers processed the bill for passage showed their love for the progress of Lagos State.
He also expressed hope that residents of the State would show their satisfaction with the lawmakers and the All Progressives Congress (APC) by voting for candidates of the party in Lagos and at the centre during the forthcoming election.
Governor Babajide Sanwo-Olu had in October presented the sum of N1.69 trillion ‘budget of continuity’ to the House.
While receiving the proposal from the Governor, Speaker 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.”
news5 years ago
Osun Government presents 2015, 2016 audited accounts…sets record as the first state in Nigeria to publicly declare accounts
crime3 years ago
Arotile’s ex-classmate had no driver’s licence, report reveals
lifestyle6 years ago
Amazing Tips for an Outstanding Makeup
news2 years ago
2023: Kola Abiola Set To Declare For Presidency
entertainment3 years ago
sanwo-Olu honours sacked chaplain after Ambode’s wife saga
business2 years ago
#EndSARS: Access Bank announces N50 billion interest-free facility for businesses
entertainment3 years ago
See how Women now use toothpaste to tighten vagina
lifestyle3 years ago
US Church ‘refunds members three years tithes’ as help during COVID-19