By Monsuru Olowoopejo
Lagos state House of Assembly Tuesday approved the sum of N7.5 billion supplementary budget to increase the Y2013 appropriation budget from N499.605 billion to N507.105 billion.
The lawmakers also approved for the executive the buy-back of Lekki Concession Company (LCC), the concessionaire handling the 49.63 kilometer Eti-Osa-Lekki -Epe expressway.
These were approved by the lawmakers after an emergency plenary session held to address the letter sent by the state Governor, Babatunde Fashola to bridge the financial gap that arise few months after the Y2013 budget was signed into law.
More details soon