THE GOVERNOR OF LAGOS STATE HIS EXCELLENCY BABAJIDE OLUSOLA SANWOOLU PRESENTED A FINAL BUDGET FOR THE YEAR 2023 BEFORE THE STATE HOUSE OF ASSEMBLY MEMBERS.

 During the early hours of today, The Governor of Lagos state His Excellency Babajide Olusola sanwoolu presented the Year 2023 Appropriation Bill, which will be the final budget of  his administration before the 2023 general elections, he expressed an unwavering determination to keep serving the people of Lagos through his development agenda, while we uphold the trust and faith reposed in us by the people since 2019  

 The proposed 2023 expenditure, N1.343 trillion would accrue from Internally Generated Revenues (IGRs) and federal transfers, while deficit financing of N350 billion would be sourced from external and domestic loans, and bonds projected to be within the State’s fiscal sustainability parameters.

 

The state would be earmarking an aggregate of N67.4 billion, representing 3.98 per cent of the 2023 budget, to achieve the Government’s social housing programme and provide amenities across communities.

We would be setting aside N339 billion capital (20.06%) to provide infrastructure in various sectors next year, while dedicating an aggregate of N191 billion, representing 11.29%, to health and environment.

Said by the Governor of Lagos state.