• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Monday, September 8, 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 Economy/Technology

Lawmakers pass N2.267trn 2024 budget of Lagos

Lagos

The Matters Press by The Matters Press
January 5, 2024
Reading Time: 1 min read
0
Kano Local governments propose N229bn for 2022

Ikeja, Jan. 5, 2024: The Lagos State House of Assembly on Friday passed a total of N2.268 trillion as the 2024 budget size of the state.

RELATED POSTS

‎Tinubu’s export ban on raw shea nuts will position Nigeria for $3bn annual revenue-TSF

‎IMF, IFC commendation for Nigeria’s economic recovery, evidence of success of Tinubu’s economic reforms – TDF

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

The House approved the passage of the budget following a unanimous voice by all the lawmakers present at the plensry presided over by the Speaker, Mr Mudashiru Obasa.

Gov. Babajide Sanwo-Olu had on December 13, 2023 presented the 2024 budget proposal of N2.246 trillion to the assembly.

The Governor said the state anticipated internally generated revenue of N1.251 trillion and federal government allocations of N596.629 billion.

Obasa said the budget represents 58 per cent Capital Expenditure and 42 per cent Recurrent Expenditure.

“A bill for a law to authorise the issuance and appropriation of N952.43 billion from the Consolidated Revenue Fund for Recurrent Expenditure.

“Also N1.315 trillion from Development Fund for Capital Expenditure thereby totalling a budget size of N2.268 trillion for the year ending Dec. 31, 2024

“This estimate is hereby passed into law,” the speaker had raised on the floor as the budget report was read a third time.

Obasa, thereafter, commended the lawmakers for their dedication and cooperation at ensuring a quick passage of the Appropriation Bill.

He directed the Clerk of the House, Mr Olalekan Onafeko to forward a clean copy of the approved budget to Gov. Babajide Sanwo-Olu for assent.

Prior to its passage of the bufget, the Chairman of the Joint-Committee on Budget and Finance, Mr. Sa’ad-Lukman Olumoh, had presented a report containing some recommendations to the House.

Among the recommendations is that the Public Works Corporation, the Water Corporation and the state-owned tertiary institutions be placed on first-line charge to enable them perform optimally.

Obasa, during the presentation of the budget by the Governor, urged the government to ensure a functional budget.

Tags: Lagos
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria targets $1.2bn export capacity for every state
Economy/Technology

‎Tinubu’s export ban on raw shea nuts will position Nigeria for $3bn annual revenue-TSF

September 2, 2025
Nigerians to own brand new vehicles, goods through new credit scheme initiative
Economy/Technology

‎IMF, IFC commendation for Nigeria’s economic recovery, evidence of success of Tinubu’s economic reforms – TDF

September 2, 2025
Nigeria regains top crude oil production spot in Africa
Energy

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

August 28, 2025
Who is lying, Obasanjo or NAN?
News

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

August 28, 2025
Obasanjo campaigns for AfCFTA
News

Tinubu succeeding where Obasanjo failed woefully, says TMSG

August 28, 2025
Tinubu explains mission as he marks second year in office
Economy/Technology

‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎

August 9, 2025
Next Post
Japan’s Sumitomo opens third plant in Phnom Penh’s SEZ

NEZ Association urges FG to jealously guard the FTZ scheme

800 firms compete to manage gas flare sites

Chinese, Nigerian firms in $1bn deal on gas flaring solution

Recommended Stories

Election not war – Buhari

Buhari releases achievements in 6-years

May 28, 2020
Nigeria to close energy gap through Rural Electrification Agency

Tinubu suspends REA MD, management team; appoints new ones

March 8, 2024
Economic implications of Niger coup to Nigeria, ECOWAS

Military deploys 6,195 soldiers to combat terrorism, insurgency in Nigeria

June 15, 2025

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

  • ‎Tinubu’s export ban on raw shea nuts will position Nigeria for $3bn annual revenue-TSF
  • ‎IMF, IFC commendation for Nigeria’s economic recovery, evidence of success of Tinubu’s economic reforms – TDF
  • ‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

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