ROSALIA OZIBO FROM NAIRAMETRICS
Lagos State Governor Babajide Sanwo-Olu has signed the state’s 2025 Appropriation Bill, valued at N3.36 trillion, into law.
The bill, tagged the “Budget of Sustainability,” was signed on Thursday,9th January at the Lagos House in Ikeja according to a report by NAN.
Governor Sanwo-Olu described the 2025 budget as the largest ever by any sub-national government in Nigeria.
“On Nov. 21, 2024, I stood before the Lagos State House of Assembly to present the appropriation bill – a blueprint for continuity, resilience, and sustainability. I thank the Lagos State House of Assembly for giving this bill an expedited action.
“It is with a deep sense of responsibility that we have signed this bill into law. The N3.36 trillion budget has N1.295 trillion as overhead cost and N2.07 trillion as capital expenditure,” he stated…
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