Lagos state governor, Babajide Sanwo-Olu, has presented an estimate of N3 trillion as a proposed budget for the 2025 fiscal year to the House of Assembly.
Sanwo-Olu described the ‘Budget of Sustainability’ as a ‘blueprint for resilience and shared prosperity for Lagosians’.
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He also anchored the budget on five pillars of infrastructure sustainability, economic diversification, social inclusion, human capital development, environmental sustainability, governance, and institutional reforms.
Recurrent expenditure is N1.239 trillion (41 percent) while capital expenditure is N1.766 trillion (59 percent).
