Lagos Assembly Passes N1.046tr Budget For 2018

The Lagos State House of Assembly on Tuesday passed the state 2018 appropriation bill of N1,046 trillion into law.



The passage followed the adoption of the report and recommendations of the House Ad hoc Committee on Budget and Economic Planning, headed by Gbolahan Yishawu.

The House approved N347. 039 billion as total recurrent expenditure from the consolidated revenue fund.

It also approved N699. 082 billion as the total capital expenditure from the development revenue fund for the year ending December 31, 2018.