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Lagos Reduces 2020 Budget Figures by 21%

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Voice 2 years ago in Lagos Life 0

While stating that the Recurrent Expenditure (Debt and Non-Debit) in the revised budget would decline by 10 per cent from N457.529 billion to N411.608 billion, Egube stated that 28 per cent reduction has been proposed for total capital expenditure from N711.033 billion to N508.861 billion.

“The revised total revenue represents a drop of 24 per cent in the previous projections from N1,107.029 trillion to N812.46 billion,” the commissioner noted.

Idowu Sowunmi

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