Lagos lawmakers okay N1.163t funds

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Lagos State Home of Meeting yesterday handed funds of N1.163trillion for 2021.

The funds named: “Finances of Rekindled Hope”, was handed after weeks of deliberations, interactions and defence of the finances proposal by the Ministries, Departments and Businesses (MDAs).

Read also: Enugu: Assembly passes appropriation bill of N169.8bn for 2021 fiscal year

A report of the Appropriation Committee was offered throughout plenary by the Chairman of the Joint Committee on Financial Planning and Funds and Finance, Gbolahan Yishawu (Eti Osa 2).

Recurrent Expenditure is N460.6billion, whereas Capital Expenditure stands at N702, 94billion.

Governor Babajide Sanwo-Olu on November 9 offered finances estimates of N1.one hundred fifty five trillion to the Home of Meeting for approval for the 2021 fiscal 12 months.

Read also: INSPECTOR OF POLICE KILLED AND ANOTHER INJURED BY A DRUNK POLICE OFFICER

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