Lagos Assembly to receive 2017 budget on Tuesday

Governor Akinwunmi Ambode of Lagos State will on Tuesday, November 29, present the Year 2017 appropriation bill to the Lagos State House of Assembly for approval.

A statement signed by the Director, Public Affairs of the Assembly, Miss Bose Lambo, said the presentation would commence at 10a.m., and urged invited guests to be punctual.

She said, “Year 2017 Budget Estimates Presentation by His Excellency, Mr Akinwunmi Ambode, Governor of Lagos State will hold on Tuesday, Nov. 29 at the Assembly Chambers, Assembly Complex, Alausa, Ikeja.”

Ambode presented the 2016 budget of N662.58bn to the Assembly for approval on Dec. 17, 2015.

The 2016 budget was made up of capital expenditure of N383.678bn and a recurrent expenditure of N278.909bn in the ratio of 58:42 respectively as against 51:49 in 2014 and 2015.

The 2016 budget represented an improvement of 26 per cent over the budgets of 2014 and 2015 respectively, which stood at N489.69bn.