Governor Sanwo-Olu presents 2023 budget of over 1.6 Trillion naira to Lagos Assembly
Written by Olarotimi Oshin on October 27, 2022
Lagos State Governor Babajide Sanwo-Olu has presented the 2023 budget proposal of over one point six trillion naira (N1.692.67) to the House of Assembly.
Governor Sanwo-Olu in his presentation urged the Federal Government to grant special economic status to Lagos.
The governor, who described the state as a “national asset”, said the benefits of Lagos transcend a region of the country as all Nigerians enjoy the state’s prosperity in one way or the other.
Sanwo-Olu made this known at the 2023 Budget Estimates Presentation to the Lagos State House of Assembly in the Alausa area of Ikeja, the state capital, today.
The budget proposal tagged ‘Budget of Continuity’ as submitted reportedly has a capital-to-recurrent ratio of 55:45 percent.
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