Lagos State Governor Akinwunmi Ambode on Monday presented the 2018 budget estimate before the Lagos State House of Assembly.
The projected budget size is One Trillion, Forty- six Billion, One Hundred and Twenty one Million, One Hundred and Eighty one Thousand, Six Hundred and Eighty naira (N1,046 ,121).
The budget has a recurrent expenditure of N347bn and a capital expenditure of N699bn.
The budget is tagged Budget of Progress and Development.
“We presented the 2018 Budget today at the Chambers of the Lagos State House of Assembly. The proposed budget christened ‘Budget of Progress and Development’ has a size of N1, 046,121,181,680 (N1, 046tn),” Ambode said on Twitter..
He continued, “This budget has something for everyone; young and old, man or woman, including the physically challenged in line with our vision of making Lagos work for all.”
“We shall make massive investments in infrastructural development, power, transportation/traffic management healthcare, security, education, food security, women & youth empowerment, and general public service,” the Governor added.