LAGOS, NOVEMBER 28, 2016 – Governor Akinwunmi Ambode of Lagos State will on Tuesday, Nov.29, present the 2017 budget to the Lagos State House of Assembly(LAHA) for approval.
A statement signed by Miss Bose Lambo, the Director, Public Affairs of the Assembly, said the presentation, which will be tabled via an appropriation bill, would commence at 10a.m.
She urged guests to be punctual.
Ambode presented the 2016 budget of N662.58 billion to the Assembly for approval on Dec. 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.