The Lagos State House of Assembly at a plenary on Thursday approved the reordering of the state’s Appropriation Law of 2024, that has a size of N2.27 trillion.
The House gave the approval after the Chairman, House Committee on Economic Planning and Budget, Mr Lukman Olumoh, presented the report and recommendations of the committee which were adopted as the resolution of the House.
The Speaker, Mr Mudashiru Obasa, explained that the reordering was sequel to a letter dated Aug. 9, 2024 and sent to the House by the Gov. Babajide Sanwo-Olu of the state.
Obasa said though the total budget size remained the same, the recurrent expenditure was reduced from N952.43 billion in the original budget to N935.38 billion.
The speaker added that while the capital expenditure was increased from N1.31 trillion to N1.33 trillion following the reordering.
“That a bill for a law to authorise the issuance…
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