Lagos State Governor, Babajide Sanwo-Olu has presented 2022 Appropriation Bill of over N1.388 trillion before the State House of Assembly for consideration and approval.
Titled Budget of Consolidation, the estimates is slightly higher than the N1.163trillion proposed for the year 2021.
The 2022 budget proposal has N564.9 billion for recurrent expenditure and capital expenditure of N823.5 billion.
Speaking at the budget presentation, Governor Sanwo-Olu said it was intended to reflect the determination to rise above the challenges that had affected the development indices in the last 10 months, occasioned by COVID-19 pandemic challenges.
According to him, the 2022 budget will focus on education, infrastructure, health and human capital development.