Lagos State House approves 2024 budget amendments, reducing recurrent expenditure while increasing capital expenditure.

The Lagos State House of Assembly has approved amendments to the 2024 budget, reducing recurrent expenditure from N952.43 billion to N935.37 billion, while increasing capital expenditure from N1.315 trillion to N1.332 trillion. The changes, initiated by Governor Babajide Sanwo-Olu's request, aim to enhance funding for various ministries and meet state commitments. The revised budget now totals N2.267 trillion and will be sent to the governor for approval.

September 05, 2024
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