Sanwo-Olu Signs N1.17 Trillion 2020 Budget Into Law

Sanwo-Olu Signs N1.17 Trillion 2020 Budget Into Law

David Ugbabe

Lagos State Governor, Babajide Sanwo-Olu, has signed the 2020 Appropriation Bill of N1.168 trillion into law.

The governor signed the bill on Tuesday and described it as the biggest budget to date, with an increase from N1 trillion to N1.168 trillion.

The governor, while speaking during the signing ceremony at the State House, Ikeja, said: “I think the work has just started, because this will be our very first budget to demonstrate our capacity and our competence to be able to take the narrative of our Lagos forward."

He further noted that Lagosians would experience a strong and prosperous economy in 2020, as the early passage of the budget by the House of Assembly showed that the state was indeed working.

Sanwo-Olu admonished the lawmakers thus: “Each one of us can do our work independently, and do it without fear or favour. But at the end of the day, we will all come out very well, we come out good, and we come out ensuring that we are serving Lagosians.”

Recall that the Lagos State House of Assembly had on Monday, after consideration, passed the slightly adjusted budget size for the governor’s assent into law.

The governor further stated, “We are actually targeting to do well above 92 per cent and track it to 100 per cent, that is the only way we can make the House of Assembly and Lagosians be happy with us.”

Sanwo-Olu said that his administration would ensure that the budget serves the interest of the people and is implemented with transparency and accountability.

Happenings Media