Gov Sanwo-Olu presents 2020 budget to Assembly
Lagos Governor, Babajide Sanwo-Olu on Friday presented a total budget size of N1.168trillion for 2020 to the House of Assembly.
The budget estimates consist of N723.6billion as capital expenditure and N441.8billion for recurrent expenditure, which is a ratio of 62-48 per cent.
Tagged budget of re-awakening, the governor said there were needs for sacrifices to re-invent Lagos in order to take the state to a much higher level.
The budget estimate will be Sanwo-Olu’s inaugural presentation to the state assembly since assuming office on May 29.
The budget was proposed by former Gov. Akinwinmi Ambode on Feb. 5 with an estimate of N852.31 billion.