Breaking News
Translate

Updated: Lagos State Gov, Sanwo-Olu presents N1trn 2020 Budget

Kindly Share This Story:

(Updated)Lagos Assembly, budget, Ambode, Sanwo-Olu, Obasa

By Olasunkanmi Akoni and Ebun Sessou

Lagos State House of Assembly will today receive the N1trn Y2020 Budget to be presented by the state Governor, Mr Babajide Sanwo-Olu.

The proposed Budget would be Governor’s inaugural budget presentation since assumption of Office in May 2019.

The current budget is higher than the previous year by 35 per cent.

Sanwo-Olu said by September the 2019 budget performance stood at 67 per cent.

Addressing the Assembly, Sanwo-Olu said,
“We have challenges of unemployment, climate change, urban migration.

“The target of the budget aims to attract foreign, local investments, human capital investment, improve capacity to collect revenues as much as possible, civil participants in government.

“Partner with FG, ensure improved quality of the environment.”

VIDEO during the wait for the arrival of the governor, Babajide Sanwo-Olu:

Lagos commissioners, APC Chieftains, Party members, wives of state lawmakers, members of Governor’s Advisory Council, GAC, Special Advisers and guests in the Chamber exchanging pleasantries, while awaiting the commencement of Lagos State’s 2020 Budget Estimate presentation.

  • Notable points from the budget presentation so far;
    Christened “Budget of awakening to a greater Lagos”
    Lagos not immune to global economic factors
    Prioritise Education sector
    New minimum wage implementation included
    Lagos ranked 7th largest economy in Africa
    Prosperous Lagos Agenda on course.
    Plans to increase internal borrowing
    Keep zero tolerance on pot hopes
    116 roads rehab ongoing across the state.

More details later…

Vanguard News Nigeria.

Kindly Share This Story:
All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS.

Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.
Do NOT follow this link or you will be banned from the site!