Oluwatosin Lamidi
The Lagos State Governor, Akinwunmi Ambode will today (Tuesday), November 29, present 2017 budget to Lagos State House of Assembly (LAHA) for approval.
According to a statement signed by Director, Public Affairs of the Assembly, Bose Lambo, the presentation, which would be tabled via an appropriation bill, would commence at 10a.m, while urging guests to be punctual.
It would be recalled that Governor Ambode presented 2016 budget of N662.58 billion to the Assembly for approval on December. 17, 2015.
The 2016 budget was made up of capital expenditure of N383.678 billion and a recurrent expenditure of N278.909 billion in the ratio of 58:42 respectively as against 51:49 in 2014 and 2015.
The 2016 budget represented an improvement of 26 per cent over the budgets of 2014 and 2015 respectively, which stood at N489.69 billion.
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