Babajide Sanwo-Olu, Lagos governor, has presented the 2023
budget to the state house of assembly.
The N1.69 trillion ‘budget of continuity’ was presented to
the house of assembly on Thursday.
According to the breakdown given by the governor, capital
expenditure will take N932 billion — representing 55 percent of the total
budget — while recurrent expenditure will gulp N759 billion.
While addressing the lawmakers, the governor restated his
demand for a new revenue-sharing formula.
The governor called for a special status for Lagos,
describing the state as a “national asset”.
“Lagos continues to experience increased pressure on social
services due to unhindered migration from other parts of the country,” he said.
“It is for this reason that I always sought and I will still
continue to reiterate the need for Lagos to be accorded a special status as a
national asset.
“Lagos is too big for
this country to allow it to fail. Lagos is too strategic for us not to see it
that the wholesome of Lagos is the wholesome of this country, that the benefits
of Lagos transcend one region, one part or one scope of this country.
“As a microsome of the entire country, Lagos deserves all
the support it can get at the national level.”
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