Sanwo-Olu Presents N1.38trn 2022 Budget To Assembly

Sanwo-Olu noted that there had been a corresponding review of the accruals from the Statutory Allocations and VAT in line with the downward review of the Federal Budget’s Benchmark Oil Price to $57 per barrel.

‘’Recurrent Expenditure showed a total Overhead Cost -₦303,272,873,298.10 comprising: Overhead Cost -₦158,734 783,394.89− Subventions: ₦89,642,302,488.07 − Dedicated-₦54,895,787,415.14, total personnel cost -₦189,399,268,261.49 and recurrent debt service- ₦72,262,190,326.82. Sectoral allocation showed that the General Public Service would N171,550,737,532bn which represents 16.96 percent. Public Order and Safety N27,495,540,668bn with 4.45 percent and Economic Affairs N52,552,479,436bn with 23.41 percent.

‘’Education- N112,650,516,469bn representing 12.37 percent, Social Protection 6,109,828,160bn at 0.71 per cent, Contingency Reserve - 10,840,406,741 at 2.66 percent, Loans 12.32 percent.

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sanwo-Olu presents N1.3trn 2022 budget to Lagos Assembly'2022 is a year in which we will focus obsessively on completing ongoing projects, while also expanding our social intervention programmes and support for citizens, and for micro and small businesses.'
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Sanwo-Olu presents N1.3tr 2022 budget to Lagos AssemblyGovernor Babajide Sanwo-Olu of Lagos State, on Wednesday, proposed the sum of N1,388,285,459,990.51, as the 2022 budget. The 2022 Appropriation Bill
Source: Daily Trust - 🏆 13. / 51 Read more »

Santos-Olu presents N1.388trn 2022 budget to Lagos AssemblyGovernor Babajide Sanwo-Olu on Wednesday presented the 2022 Lagos budget to the House of Assembly. Sanwo-Olu submitted the 'Budget Of Consolidation' Check the spelling. Santos ke? Santos- Olu..change your duchie
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Lagos votes 59% for capital expenditure, Sanwo-Olu presents N1.388tn budget - Punch NewspapersThe most widely read newspaper in Nigeria Na steal dem go kuku steal am.
Source: MobilePunch - 🏆 8. / 63 Read more »

Sanwo-Olu makes case for economic diversification - Punch NewspapersThe most widely read newspaper in Nigeria
Source: MobilePunch - 🏆 8. / 63 Read more »

Baba Suwe lived a fulfilled life - Sanwo-OluLagos Governor, Babajide Sanwo-Olu has expressed sadness over the demise of Baba Suwe, whom he said, 'lived a fulfilled life'. Real name, Babatunde
Source: DailyPostNGR - 🏆 11. / 59 Read more »