Lagos State Governor, Babajide Sanwo-Olu, has signed the state’s N3.366 trillion 2025 Appropriation Bill into law.
The Bill, christened “Budget of Sustainability,” represents a 32.5 per cent increase over last year’s N2.3 trillion budget.
The 2025 budget is composed of recurrent expenditure of N1.239 trillion, representing 41 per cent of the total budget, and capital expenditure of N1.766 trillion, which represents 59 per cent of the budget.
Sanwo-Olu explained that the budget will focus on capital projects aimed at economic growth and development.
Details shortly…
