Lagos Assembly okays N812.9 billion budget

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The Lagos State House of Assembly has passed the N812.9 billion budget proposal presented by Governor Akinwunmi Ambode on November 29.

The Recurrent Expenditure stands at N305.1 billion and Capital Expenditure N507.8 billion. Although the N812.9 billion budget approved by the House was the same figure presented by the governor, the House made input into some ministries, departments and agencies (MDAs).

For instance, the House increased the allocation for the Ministry of Education from N525million to N650 million, Ministry of Agriculture from N293 million to N350 million and overhead cost for House of Assembly Service Commission was increased from N210 million to N252 million.

Allocation for Lagos Water Corporation was also increased from N1.4billion to N1.6billion and the capital expenditure for the State Independent Electoral Commission (LASIEC) was increased from N2.5billion to N3billion to cater for election matters.

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