2014 Budget for Lagos State Is Approved

Lagos State House of Assembly has
approved a total N489.69b to be spent
by the state government during the
2014 fiscal year. The finalised sum is
by 3.43 percent lower than the budget
for 2013.
Out of the total sum, N234.665 billion is for
recurrent while N255.025 billion is for capital
expenditure.
The Assembly, presided over by the Speaker, Hon.
Adeyemi Ikuforiji, passed the Budget, having
considered the outcome of its Appropriation
Committee headed by Hon. Obasa.
The Committee had read a breakdown of the
budget on sectoral basis, even as the committee
has reduced allocations to some ministries,
agencies and departments (MDAs) and added to
others, based on their needs.
The breakdown of the budget is given below:
Education - N51.378 billion
Health - N22.07billion
Works and Infrastructure - N100.12billion
Environment - N25.67 billion.
Sent from my BlackBerry® smartphone provided by Airtel Nigeria.