The Lagos State Government Presented N2.24 trillion Budget For The 2024 Fiscal Year.

Capital Expenditure : N1.22 Trillion
Recurrent expenditure: N1.02 Trillion
IGR and FAAC : N1.84 Trillion

The Governor said the budget comprises of N1.22 trillion as capital expenditure for the year representing 54.4% of the total budget.

Recurrent expenditure for the state in 2024 stood at N1.02 trillion which includes overhead cost, personnel cost, and recurrent debt service.

The state’s projected revenue for 2024 stands at N1.847 trillion which includes (IGR) and allocation from the federal government.