Mr Babajide Sanwo-Olu on Thursday presented the 2025 budget proposal of ₦3.005 trillion to the Lagos State House of Assembly.
The 2025 estimates christened: “Budget of Sustuanability” has the following summary:
TOTAL BUDGET: N 3.005 TR
CAPITAL: N 1.7 TR (59%)
RECURRENT: N1.2TR (41%)
During the presentation, the governor touched on the performance of the outgoing year’s budget saying:
“The Year 2024 Budget, as at September 2024 has achieved 85% Budget Performance.”
More to follow…