JUST IN: Sanwo-Olu presents N3tr budget for 2025
The Lagos state governor, Babajide Sanwo-Olu, has presented the sum of N3.005 trillion before the state House of Assembly as a proposed budget for the year 2025.
The budget which is tagged the “Budget of Sustainability.” focuses on capital projects aimed at economic growth and development.
A breakdown of the budget shows that N1.7 trillion was proposed for the Capital budget while N1.2 trillion was set aside in the budget before the lawmakers for the recurrent budget in the coming year.
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Governor Sanwo-Olu emphasised the budget’s focus on infrastructural development and sustainability.
He reassured Lagosians that the budget aligns with the state’s commitment to maintaining fiscal responsibility while addressing critical needs in education, healthcare, security, and the environment.
The budget proposal now awaits deliberation and approval by the Lagos State House of Assembly.
