Lagos Assembly To Receive Gov. Sanwo-Olu's N1trn Y2020 Budget Today
Governor of Lagos State, Babajide Sanwo-Olu
Lagos State House of Assembly will today receive the N1trn Y2020 Budget to be presented by the state Governor, Mr Babajide Sanwo-Olu.
The proposed Budget would be Governor’s inaugural budget presentation since assumption of Office in May 2019.
The current budget is higher than the previous year by 35 per cent.
Sanwo-Olu said by September the 2019 budget performance stood at 67 per cent.
Addressing the Assembly, Sanwo-Olu said, “We have challenges of unemployment, climate change, urban migration.
“The target of the budget aims to attract foreign, local investments, human capital investment, improve capacity to collect revenues as much as possible, civil participants in government.
“Partner with FG, ensure improved quality of the environment.”
Notable points from the budget presentation so far;
- Christened “Budget of awakening to a greater Lagos”
- Lagos not immune to global economic factors
- Prioritise Education sector
- New minimum wage implementation included
- Lagos ranked 7th largest economy in Africa
- Prosperous Lagos Agenda on course.
- Plans to increase internal borrowing
- Keep zero tolerance on pot hopes
- 116 roads rehab ongoing across the state.
More details later…
Share this article!
Others are also reading
What is News₦aira Income Program(News₦IP)
News₦aira Income Program (News₦IP) is a system aimed at raising revenue for registered users that browse the NewsNaira Website. An online program driven by a goal of solving the financial problems among the youths, students, middle class and whoever wishes to take advantage of earning opportunity and making money online legitimately in Nigeria as it creates the channel for participants to earn residual income on weekly basis.
How News₦IP Works
News₦aira has 2 means of generating income for our members.
News₦AP: NewsNaira Affiliate Program - With News₦AP, participants earns ₦1,000 whenever they refer anyone to join NewsNaira Income Program. There is no limit to how many people you can refer.
News₦ARS: NewsNaira Ad Revenue Sharing - With News₦ARS, participants earns residual income bonus by reading news, commentting on articles, publishing forum posts, daily login to their NewsNaira account, and even sharing assigned sponsored post on social media.
We share our ads revenue with you weekly when you make NewsNaira community your news and information household.