Lagos State Governor, Babajide Sanwo-Olu, yesterday, signed the 2024 N2.267 trillion Appropriation Bill into law.
Sanwo-Olu, after signing the bill into law, said: “For the purpose of clarity, the approved budget size is N2.267 trillion, comprising N1.31 trillion for capital expenditure and N952 billion for recurrent expenditure.”
The governor, who stated that his administration is determined to ensure that the goals and objectives of the budget are maximally realised for the benefit of all Lagosians and in line with the THEMES+ development agenda, said:”The approved budget size is N21.743 billion higher than what was presented to the House of Assembly due to additional provisions to enforce completion of ongoing projects.
“The impact of this appropriation law will be determined by the effectiveness of its implementation.
“We will work assiduously to ensure the completion of ongoing projects and ensure the effective take off of new ones.
“Let me reiterate the importance of everyone playing their roles in the successful implementation of this budget, especially the commitment of citizens to discharging their civic obligations as and when due.
“As a government, we will continue to be guided by the highest standards of transparency and accountability in the management of the resources put in our care.”
