Governor of Lagos State Babajide Sanwo-Olu has presented Year 2022 Appropriation Bill titled Budget of Consolidation.
The total budgetary proposal is ₦1,388,285,459,990.51, comprising total revenue of
₦1,135,159,092,822.30 and deficit financing of
₦253,126,367,168.21.
The Budget size is further analysed as recurrent expenditure of ₦564,934,331,886.41 (41%) and capital expenditure of ₦823,351,128,104.10 (59%).
Year 2022 budget will focus on education, infrastructure, health and human capital development.
Details later…
