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Lagos Assembly passes N873.532bn 2019 budget into law

Speaker Lagos State House of Assembly Rt. Hon. Mudashiru Obasa

The Lagos State House of Assembly has eventually passed the appropriation bill for year 2019 into law.

Governor Akinwunmi Ambode presented N852.316bn as the total size budget for the year on February 5th,2019.

The bill of N873.532bn passed into law today signals an increase of 21.2bn from the initial appropriation laid by Governor Ambode.

The total budget size is N873,532,460,725 with N393,841,387,020 as recurrent expenditure while capital expenditure stood at N479,691,073,705.

Hon Rotimi Olowo moved motion for the passage of the appropriation bill while Hon Fumilayo Tejuosho seconded it

The budget was passed after the third reading by Clark of the House Mr. Azeez Sanni.

The House later adjourned till May 6, 2019.

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