Lagos Lawmakers Pass 2023 Budget Of N1.768trillion


Members of the Lagos State House of Assembly on Monday passed a total of ₦1,768,014,155,285 as the budget for Y2023.

A breakdown of the approved budget size indicates the sum of N748,096,508,571 as Recurrent expenditure and N1,019,917,646,713 as Capital expenditure for the year ending 31st December, 2023.

A part of the breakdown for the sectoral allocations also indicates that N3,228,396,960 was approved as the new Overhead Cost of the Office of Civic Engagement for drug abuse advocacy.

The sum of N802,987,206 was approved as the new Capital Expenditure of the Ministry of Economic Planning & Budget while N1,200,000,000 was approved as the new Overhead Cost (Social Intervention and Humanitarian Programme) in the Ministry of Economic Planning and Budget.

The Speaker of the House, Rt (Hon) Mudashiru Obasa, who presided over the plenary, said the passion with which the lawmakers processed the bill for passage showed their love for the progress of Lagos State.

Obasa also expressed hope that residents of the State would show their satisfaction with the lawmakers and the All Progressives Congress (APC) by voting for candidates of the party in Lagos and at the centre during the forthcoming election.

It would be recalled that the governor of the State, Mr Babajide Sanwo-Olu, in October presented the sum of N1.69 trillion ‘budget of continuity’ to the House.



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