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UPDATE: Sanwo-Olu presents N1.168 trillion budget to Lagos Assembly

The presentation will be Sanwo-Olu’s inaugural budget to the assembly since he assumed office on May 29.

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Governor Babajide Sanwo-Olu presenting the budget before the Lagos Assembly

Lagos State Governor Babajide Sanwo-Olu has presented his first budget of N1.168 trillion to the Lagos State House of Assembly.

The2020 budget has provided for capital and recurrent expenditure in the ratio of 62:38 amounting to N723.75 billion and N444.81 billion respectively, providing for long term growth, personnel costs and other staff-related expenses in line with our wage policy, according to Sanwo-Olu.

"With the #2020LagosBudget, we have chosen to be audacious by increasing the capital allocation to education and technology by 60 per cent and also increasing healthcare spending to N33bn which will allow us to revamp our Primary Health Centres and meet other healthcare goals," Sanwo-Olu said in a tweet on Friday evening.

Earlier in the day as the governor went to the Lagos Assembly for the budget presentation, there was a massive security presence in strategic locations across the Lagos House of Assembly complex.

Security operatives who were already at their respective positions at about 7 a.m. included officers from the military personnel, Nigeria Police and the Lagos Neighbourhood Safety Corps.

Officials of the Federal Road Safety Corps, Lagos State Traffic Management Authority were also seen controlling the traffic within the Alausa and its environs.

Also, read Lagos govt to relocate trade fair to a permanent site

The presentation was Sanwo-Olu’s inaugural budget to the assembly since he assumed office on May 29.

The 2019 budget was proposed by former Gov. Akinwinmi Ambode on February 5 with an estimate of N852.31 billion.

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