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Lagos governor presents a N3.005 trillion budget for 2025, focusing on growth and sustainability.
Lagos State Governor Babajide Sanwo-Olu has presented a N3.005 trillion budget for 2025, titled "Budget of Sustainability," to the State House of Assembly.
The budget focuses on infrastructure and economic growth, with 41% allocated to recurrent expenditure and 59% to capital expenditure.
The total revenue is projected at N2.597 trillion, with a deficit financing of N408 billion.
Speaker Mudashiru Obasa assured swift passage of the budget.
Meanwhile, Bauchi State Governor Bala Mohammed presented a N465 billion budget proposal for 2025, with 60.7% for capital expenditure and 39.3% for recurrent expenses.
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El gobernador de Lagos presenta un presupuesto de N3.05 billones de dólares para 2025, centrándose en el crecimiento y la sostenibilidad.