Babajide Sanwo-Olu, the governor of Lagos State, presented the 2020 budget to the House of Assembly of State. On Friday, Sanwo-Olu submitted to the Assembly for approval a proposed budget of N1,168 trillion.
The governor’s Chief Press Secretary, Gboyega Akosile, while disclosing this via his official Twitter handle, also gave a breakdown of the proposed budget.
According to Akosile, Project revenue to get N1.07trn and budget deficit; N97.53bn.
He tweeted: “Breaking: Governor @jidesanwoolu presents Year 2020 budget to Lagos State House of Assembly. Proposes a budget of N1.168 trillion. Projected Revenue: N1.071 trillion, Budget deficit at N97.53 billion, Budget size 34% higher than Year 2019 budget.”
DAILY POST had earlier reported the presence of heavy security at the Lagos State House of Assembly complex, ahead of Sanwo-Olu’s presentation of the proposed 2020 budget.
The security operatives who were already at their respective positions included officers from the military personnel, Nigeria Police and the Lagos Neighbourhood Safety Corps.
The Federal Road Safety Corps and the Lagos State Traffic Management Authority also saw officials controlling traffic in and around Alausa.