Lagos State Governor, Babajide Sanwo-Olu, on Thursday, presented the 2023 budget to the State House of Assembly.
Sanwo-Olu presented the budget estimates of N1,692,670,759,894 with N759,958,569,792 as recurrent expenditure representing 45 per cent, while capital is N932,712,190,102 representing 55 per cent.
The governor, who described the 2023 budget as ‘budget of continuity’, said its effective implementation will be for the benefit of all the people of Lagos State.
He further called on the Federal Government to grant special economic status to Lagos state as “a national asset”, saying: “Lagos continues to experience increased pressure on social services due to unhindered migration from other parts of the country.
“It is for this reason that I always sought and I will still continue to reiterate the need for Lagos to be accorded a special status as a national asset.
“Lagos is too big for this country to allow it to fail. Lagos is too strategic for us not to see it that the wholesome of Lagos is the wholesome of this country, that the benefits of Lagos transcend one region, one part or one scope of this country.
“As a microsome of the entire country, Lagos deserves all the support it can get at the national level,” Governor Sanwo-Olu stated.
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