Wale Jagun
The Lagos State House of Assembly on Monday approved a total sum of ₦3,366,815,224,144 as the total budget of the state for 2025.
It was approved by voice vote at a plenary presided over by the Speaker, Rt. Hon. Mudashiru Obasa, after the presentation of a report on the budget by the chairman of the joint committee on appropriation and finance, Hon. Sa’ad Olumoh.
Governor Babajide Sanwo-Olu had on November 21 presented a budget proposal of N3.005 trillion to the House for approval.
The approved budget is made of N1,295,630,197,452 as recurrent expenditure while N2,071,185,026,692 is earmarked as capital expenditure for the year ending December 31, 2025.
After the approval, Dr. Obasa, directed the Clerk of the House, Barr. Olalekan Onafeko, to transmit a clean copy of the passed bill to Governor Babajide Sanwo-Olu for assent.
He commended his colleagues for their painstaking efforts leading to the passage of the budget.
Meanwhile, the House, during plenary on Monday, also passed a bill to consolidate all laws on local government administration in Lagos State.
The bill further makes provisions based on constitutional amendments as well as amendments by the National Assembly which have direct effects on the local governments in Lagos State.
