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.
“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.
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