Governor Babajide Sanwo-olu of
Lagos State on Thursday presented the state’s 2025 budget proposal of N3,005,935,198,401 to the state’s House of Assembly.
The Special Adviser to the Governor on Media and Publicity, Gboyega Akosile disclosed this in a statement.
The budget themed ‘Budget of Sustainability’ is made up of recurrent expenditure of N1.239 trillion (41%) and capital expenditure of N1.766 trillion (59%).
With a total Revenue of N2.5 trillion, the budget deficit stood at N408 billion which will be financed through external loans, internal loans, and bonds.
(vitalnewsngr.com)
