December 12, (THEWILL) – The Lagos State House of Assembly has passed a total of N1,768,014,155,285 as the budget for 2023, jacking it up by N78 billion.
Governor Babajide Sanwo-Olu, in October 2022, presented the sum of N1.69 trillion before the House.
However, in the budget passed on Monday, by the lawmakers, the sum of N748,096,508,571 was passed as recurrent expenditure, while N1,019,917,646,713 was approved as Capital expenditure for the year ending December 31st, 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.
Also, the sum of N802,987,206 was approved as the new Capital Expenditure of the Ministry of Economic Planning and Budget, just as the sum of N1,200,000,000 was approved as the new Overhead Cost (Social Intervention and Humanitarian Programme) in the Ministry of Economic Planning and Budget.
