Lagos State Governor, Mr. Akinwunmi Ambode on Monday presented the Year 2018 Budget proposal of N1.046 trillion to the State House of Assembly.
Christened “Budget of Progress and Development”, Governor Ambode said the 2018 budget would be used to consolidate on the achievements recorded in infrastructure, education, transportation/traffic management, security and health sectors.
According to him, the Budget would also focus on mandatory capacity building for civil servants, all teachers in public secondary/primary schools, officers in the health service sector and women & youth empowerment alongside Medium and Small/Micro Size Entrepreneurs (MSMSE’s).
Explaining the key components of the budget, Governor Ambode said capital expenditure would gulp N699.082billion while N347.039billion would be dedicated to recurrent expenditure, representing a Capital/Recurrent ratio of 67 percent to 33 percent and a 28.67 percent increase over Y2017 budget.
Ambode presents N1.046trn budget for 2018
