Lagos Presents Biggest Ever Budget By A Nigerian State

Lagos State  Government has on yesterday presented the 2017 budget proposal of N813 billion to the House of Assembly, the biggest to be ever proposed by any State in Nigeria

The budget tagged “The Golden Jubilee Budget” is being aimed towards the infrastructural renewal and the enhancement of Lagos as one of the foremost tourism and investment destination in Africa.

Governor  Ambode said it’s focused on physical infrastructure, while social sectors especially health, education, youth and social development would get adequate attention.

“In the course of the 2017 Financial Year, we shall carry out fundamental reforms on all our modes of transportation – Roads, Water and the Walkways. In this wise, a Public Transport Infrastructure Bond will be issued in the course of the year,” Mr. Ambode said.

“The State Government will embark on the Urbanisation of the Marina axis, Waterways Channelization, establishment of more Parks and Gardens as well as the Community Sports Centres and Stadiums in different locations across the State.”

The 2017 budget saw an increase by N150 billion from the 2016 budget.


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