News
Lagos Assembly okays N1.758trn Y2022 budget
The Lagos State House of Assembly has passed the Y2022 budget estimate with a slight jerk up of the grand total from the initial N1.38trn to N1.758trn.
It would be recalled that Governor Babajide Sanwo-Olu made a presentation of the appropriation for year 2022 on Wednesday 24th November 2021.
The Chairman of the Appropriation Committee, Hon. Gbolahan Yishawu in a chat with Assembly Correspondents after the plenary session.
He explained that the difference that is reflected in the total budget size passed was due to the addition of left overs in the previous allocations in the 2021 budget, rolled back into contingency fund in the Y2022 budget.
He noted that the Capital Expenditure and Recurrent Expenditure is ratio 66:34.
The recurrent expenditure is N591,280,803,486bn while the Capital expenditure is N1.166,915,843,358trn, which brings the budget total size to N1,758,196,44,844trn.
According to him the loans, bonds and ISPO funds are captured in the passed budget.
Continue Reading
-
Education5 days agoUniversity of Ibadan releases 2026/2027 post-UTME screening results
-
Football5 days agoUnpaid £185m Club World Cup fund sparks fresh FIFA controversy
-
Business7 days agoInformation Minister, VON DG to lead ARCON’s 2026 Advertising Industry Colloquium
-
Aviation6 days agoCanada issues 10 key tips to help immigration applicants avoid processing delays
-
Business1 week agoCooking gas dealers slash prices amid intensifying market competition
-
Business4 days agoBreaking: NNPCL reduces pump price of petrol as competition intensifies
-
Politics1 week agoKenneth Okonkwo questions INEC’s credibility, calls for reforms ahead of 2027 polls
-
Latest6 days agoFubara’s early push for political structure triggered rift – Wike