2024 Budget: Lagos Assembly approves reordering, increases capital expenditure

The reordering is sequel to a letter dated August 9, 2024 and sent to the House by the State Governor, Mr. Babajide Sanwo-Olu.

This statement was obtained by The Record from Eromosele Ebhomele, Chief Press Secretary to the Speaker of the Lagos State House of Assembly.

The Lagos State House of Assembly has amended the Appropriation Law of 2024 that has a size of N2,267,976,120,869.

The reordering is sequel to a letter dated August 9, 2024 and sent to the House by the State Governor, Mr. Babajide Sanwo-Olu.

The House at plenary on Thursday gave the approval after the Chairman of the Committee on Economic Planning and Budget, Hon. Lukman Olumoh, presented the report and recommendations of the Committee which were adopted as the resolution of the House.

Though the total budget size remains the same, the recurrent expenditure was reduced from N952,430,566,998 in the original budget to N935,377,028,422 while the capital expenditure was increased from N1,315,545,553,871 to N1,332,599,092,448 following the reordering.

"That a bill for a law to authorise the issuance and appropriation of N935,377,028,422 from the Consolida…