After months of delay and risking impeachment, Lagos state governor Akinwunmi Ambode has finally presented the 2019 appropriation bill before the state’s legislature.

Ambode presented a budget sum of 852.316 billion naira before the Assembly, saying the budget was planned to give Lagos residents a new lease of life.

He said: “From the inception of this administration, we’ve focused on security, transport, traffic management, housing, health, wealth creation, economic, infrastructure, among others.

“However, we experienced a reduction in our revenue projections, which affected our projected performance and our desired implementation of the 2018 budget.

Also Read: BUDGET: Buhari To Spend 1 Billion Naira On Travel In 2019

“The overall budget performance as of November 2018 stood at 60%, which was 574,206 billion naira, with a cumulative total revenue of 530,192 billion naira, 64%. Capital Expenditure closed at 311,930 billion naira, 49% and recurrent expenditure performed at 262,276 billion naira, 82%.”

Ambode said 462.757 billion naira representing 54% of the total budget size had been earmarked for capital expenditure, while 389.560 billion naira representing 46% had been dedicated to recurrent expenditure, saying  projects such as the Oshodi-Murtala Muhammed International Airport Road and Oshodi Interchange Terminal would be completed.

Don't forget to share this story with your friends.

Also Watch: