Lagos state Gov Akinwunmi Ambode yesterday submitted the state’s 2016 budget proposal of N662.588 billion, which he titled “The Peoples Budget”, to the House of Assembly, adding that he will ensure the budget judiciously and to the best interest of Lagosians.
The governor, who christened the 2016 budget said it is an improvement of 26 percent over the budgets of 2014 and 2015 respectively which stood at N489.6 billion individually.
“The increase will enable our government to focus on the present challenges of security, traffic gridlock resolution including physical and social infrastructural development which has thrown up new challenges quite different from what we used to experience and have always known”, he said.
He said the 2016 budget’, is the first full budget of the present administration and will promote huge investment in security, transport and traffic management, physical and social infrastructural development, strategically build new infrastructure, as well as maintain existing ones, adding that wealth and employment creation will also receive adequate attention within the year.
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Lagos budgets N665.588bn for 2016
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