Education, Healthcare top Lagos’ N1.1trillion 2020 budget
... Sanwo-Olu earmarks 62 per cent for capital spending
With a proposed fiscal plan of N115 billion for public infrastructure, Lagos State, next year, will be a massive construction site.
Governor Babajide Sanwo-Olu, on Friday, presented the Year 2020 Budget proposal to the House of Assembly, unveiling his administration’s plan to accelerate the growth of the State’s economy by proposing aggressive investments in critical priority areas - physical infrastructure, environment, human capital and security.
Sanwo-Olu announced that the State expenditure of N1.168 trillion will be funded from a projected Internally Generated Revenue (IGR) of N1.071 trillion while the budget deficit, put at N97.53 billion, will be financed through internal and external loans, just as he noted that the...
