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
-
Business1 week agoDangote cuts petrol, diesel prices again to boost affordability, economic activity
-
Health5 days agoSenate hearing set to review research on COVID-19 vaccines, cancer concerns
-
Comments and Issues1 week agoWhy baby boys outnumber girls at birth
-
Crime3 days agoLASU student dies after armed robbery attack
-
Football6 days agoFIFA confirms 10 key law changes for 2026 World Cup
-
Latest5 days agoCG Musa 4 PBAT’ group declares support for Tinubu’s 2027 ambition, cites strategic leadership
-
Latest5 days ago2027: The real reason Jonathan hasn’t accepted PDP ticket—Umar Sani
-
Comments and Issues6 days agoThat savage attack on schools in Oyo state