Sanwo-Olu signs N2.267tr Appropriation Bill for 2024

Lagos state governor, Babajide Sanwo-Olu. Photograph: The Telegraph

Lagos state governor, Babajide Sanwo-Olu has assented to the 2024 Appropriation Bill.

The governor had on December 13, presented a N2.2 trillion ‘Budget of Renewal’ to the House of Assembly.

The House, however, increased the total budget size to N2.267 trillion, with N1.315 trillion allocated to capital expenditure and N952 billion allocated for recurrent expenditure. This represents a ratio of 58:42.