The Lagos State on Monday joined the growing list of States in the country to have passed its budget for the upcoming year as the state house of Assembly on Monday, passed a total of ₦1,768,014,155,285 for the year 2023 budget.
The State Governor, Babajide Sanwo-Olu, had proposed the sum of N1.69 trillion bill tagged ‘Budget of Continuity’ to the House.
As observed by Theliberationnews, a breakdown of the approved budget showed the sum of: N748,096,508,571 as Recurrent expenditure and N1,019,917,646,713 as Capital expenditure for the year ending December 31, 2023.
A part of the breakdown for the sectoral allocations also showed 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 Ministryof Economic Planning and 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.
Recall that while receiving the proposal from the Governor, the Speaker, Mudashiru Obasa had implored 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.”
However, Obasa, conveyed bis commendation to his colleagues for their doggedness, collective sacrifice and the swiftness with which the Appropriation Bill was handled.
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 elections.
