Ambode to present 2017 budget to Lagos lawmakers Tuesday

Lagos State Governor, Akinwunmi Ambode
Lagos State Governor, Akinwunmi Ambode

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

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

The News Agency of Nigeria reports that Mr. Ambode presented the 2016 budget of N662.58 billion to the Assembly for approval on December 17, 2015.

The 2016 budget was made up of capital expenditure of N383.678 billion and a recurrent expenditure of N278.909 billion 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 N489.69 billion.


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