As Received Lagos State News... SANWO-OLU ASSENTS TO LAGOS’ N2.267 TRILLION BUDGET OF RENEWAL • Governor Prioritises Economic Affairs, Targets Improved Wellbeing for Citizens in 2024 Governor Babajide Sanwo-Olu, on Monday, signed the N2.267 trillion 2024 Appropriation Bill of Lagos State into law, ushering in a new expenditure cycle. The Governor, at a ceremony held in the State House, Alausa, assented to the “Budget of Renewal” days after the House of Assembly passed the proposed expenditure bill and transmitted it to the executive arm for approval. The State Government is prioritising spending on infrastructure, environment, education and technology, just as it significantly raised allocation to security and public safety. Of the total budget, N1.315 trillion, representing 58 per cent, is allocated for capital expenditure, while the recurrent spending gulped N952.4 billion, which represents 42 per cent of the budget. After signing the Appropriation Bill into law, Sanwo-Olu...