THE Lagos State Governor, Babajide Sanwo-Olu, has proposed to spend N759.96 billion, representing 45 per cent of the state’s 2023 Appropriation bill, on personnel cost, overhead and debt services.
Sanwo-Olu disclosed this on Thursday when he presented the N1.693 trillion 2023 Appropriation bill to the House of Assembly.

According to a statement signed by the governor’s Chief Press Secretary, Gboyega Akosile, the fiscal proposal, tagged, ‘Budget of Continuity’, has a capital expenditure of N932.7 billion, representing 55 per cent of the 2023 budget. The recurrent expenditure, which includes personnel cost, overhead and debt services, is N759.96 billion, representing 45 per cent.

The governor proposed a N153.5 billion allocation to education next year, representing 9.07 per cent of the total budget estimates, “in order to consolidate the gains of the past years in the sector.”

Sanwo-Olu attributed the vote for education to the “achievement of a record high performance of 82 per cent in the 2022 West African Senior School Certificate Examination (WASSCE).”

He pledged to sustain strategic investment in human capital and channel resources to deliver more infrastructure to keep the state’s economy on the path of growth beyond next year.

He also earmarked N339 billion capital (20.06 per cent) to provide infrastructure in various sectors next year, while dedicating an aggregate of N191 billion, representing 11.29 per cent, to ...... Continue reading at ���
https://www.slightgist.com.ng/2023-budget-sanw…onnel-cost-debts/

Hmm

That budget is for Tinubu not for Lagos, the people there need to vote APC out otherwise we will never find out how they loot the Treasury fantastically all evidence regarding their spending will never be traced.

Nice one for greater Lagos

They should vite Tinubu out while you cursed Igbo should vote ikpease in to be giving your wretched Igbo mother's N500 for childbirth

slimfit1:
That budget is for Tinubu not for Lagos, the people there need to vote APC out otherwise we will never find out how they loot the Treasury fantastically all evidence regarding their spending will never be traced.