Governor Babajide Sanwo-Olu of Lagos has presented the sum of ₦3.005 trillion before the state House of Assembly as a proposed budget for the year 2025.
Briefing the lawmakers on Thursday in Alausa, Sanwo-Olu emphasised the budget’s focus on infrastructural development and sustainability.
Tagged the “Budget of Sustainability,” it seeks to focus on capital projects aimed at economic growth and development.
A breakdown of the budget shows that ₦1.7 trillion was proposed for the Capital budget while N1.2 trillion was set aside in the budget before the lawmakers for the recurrent budget in the coming year.
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“Total revenue comprises our Internally Generated Revenue of ₦1,970,897,000,000, and total Federal Transfers of ₦626,137,000,000,” the governor said.
Deputy Governor, Dr. Femi Hamzat, and Speaker, House of the Assembly, Mudashiru Obasa, among other dignitaries, were in attendance.
