By Olawale Abdul-Fatah
After seven weeks of deliberation, Lagos State House of Assembly on Monday passed the Year 2020 budget of N1.168 trillion, to fast-track project completion next year.
In the approved budget, 78 amendments were made as recommended by the joint committees and approved by the House through a voice vote conducted by the Speaker, Mudashiru Obasa, on Monday.
The passage followed the report by the joint Committee of the House on Appropriation and Finance, and the House Committee on Budget and Economic Planning.
While Rotimi Olowo, Chaired the Appropriation and Finance Committee, the Budget and Economic Planning Committee was headed by Gholahan Yishawu.
He said with the amendments, the approved budget contained N451,528,914,805 from the Consolidated Revenue fund as the recurrent expenditure.
The lawmaker explained that the N711,032,979,185 was from Development Fund as the total capital expenditure.
Yishawu added that the total budget for the year ending December 31, 2020 was now N1.168, 561, 893, 990 trillion as against N1.168 trillion proposed by the governor.
