• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, June 5, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

Lagos state gets N873.5b budget

The Matters Press by The Matters Press
June 3, 2019
Reading Time: 1 min read
0
New Lagos governor makes pledges

Sanwo-Olu

Sanwon-Olu

Governor Babajide Sanwo-Olu of Lagos State has signed the N873.5 billion 2019 Appropriation Bill of the state into law, the highest out of the 36 states.

RELATED POSTS

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

IMPI urges media to consider national interest in reporting security challenges

He promised that his administration would strive to fully implement it.

The governor assented to the bill and three others at the Lagos House, Alausa-Ikeja.

He assured the state’s residents that all the machinery of the government would be deployed for the implementation and performance of the budget.

He also said the budget would focus on the completion of abandoned projects in the state.

Sanwo-Olu expressed the confidence that the budget would not only deliver life impacting projects, but would also impact massively on the lives of the residents.

He commended the lawmakers for being partners in the development of the state.

The House of Assembly had on April 29 passed the appropriation bill of N852.316 billion presented to it by the immediate past governor of the state, Mr Akinwunmi Ambode, on Feb.5.

The house approved N393, 841, 387, 020 from the Consolidated Revenue Fund for recurrent expenditure and N479, 691, 073, 705 from Development Revenue Fund for capital expenditure.

The budget size totaling N873, 532, 460, 725, is N21.216 billion higher than the budget size presented by Ambode.

The 2019 budget is N287.68 billion lesser than that of 2018 which stood at N 1.04 trillion.

The budget has a capital expenditure of N479 billion and a recurrent expenditure of N393 billion.

The capital to recurrent ratio of the budget stands at ratio 55 to 45.

The governor also signed three other bills into law.

The new laws are: the Neighbourhood Watch law, the Lagos State House of Assembly Service Commission Amendment law and the Domestic Staff Service Provider law.

Tags: 2019 budgetLagos
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Energy

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

June 4, 2025
News

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

June 3, 2025
Economic implications of Niger coup to Nigeria, ECOWAS
Economy/Technology

IMPI urges media to consider national interest in reporting security challenges

June 3, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
News

Malami’s opposition to Tinubu’s endorsement self-indicting – TDF

June 3, 2025
President Tinubu outlines new economic, monetary, foreign policies
Economy/Technology

CUPP goofs over President Tinubu’s 2027 endorsement by governors

June 2, 2025
Senate probes $3.5b with NNPC
Economy/Technology

Senate’s stance on Nigeria’s Legislature-Executive Relationship, thrilling

May 30, 2025
Next Post
Nigeria showcases minerals to woo investors

IMF faults Zimbabwe’s mineral-backed loans

Former NIMASA boss jailed

Former NIMASA boss jailed

Recommended Stories

Nigeria exports 3,991 containers of cocoa beans

Ayade seeks increased cocoa production to enhance revenue

July 28, 2022
Nigeria targets $1.2bn export capacity for every state

UK removes duty on Nigerian exports

January 27, 2023
DANA Air suspended

DANA Air suspended

July 21, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF
  • FCT ground rent!: Check your name if you own property
  • Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us