LAGOS: Sanwo-Olu presents N1.692tr 2023 budget to assembly

GOVERNOR Babajide Sanwo-Olu has presented a 2023 budget proposal of N1.692 trn to the state House of Assembly for approval.

Sanwo-Olu, who before presenting the budget figures to the lawmakers, listed projects and programme executed by his administration in the last three years.

The governor said: ” I am pleased to present to you the “Y2023 Budget of Continuity” – as proposed – with a total budget size of N1,692,670,759,894, comprising a Total Revenue of N1,342,670,649,640 and Deficit Financing of N350,000,000,000. 

“This comprises total internally generated revenue and total federal transfers as follows: Total IGR-  N1,108,435,649,640; Total Federal Transfer – N234,235,000,000.”