2020: Sanwoolu Presents N1.17trn Lagos Budget • Says It Will Boost Investment

Posted by GRANDNEWS | 9 November 2019

*Gov Sanwoolu

Lagos State Governor, Mr Babajide Sanwo-Olu, on Friday presented a proposed N1.168 trillion budget for the 2020 fiscal year to the State House of Assembly. He said it will attract private sector investment. He emphasized that the budget would attract private sector investments to the state economy by creating an enabling environment.

One of the objectives of the budget 2020, he explained, is to aggressively develop, upgrade and maintain the state’s infrastructure. He said that through the budget, the state will invest in human capital development such as education and healthcare. He also noted that it is a budget that would help to facilitate sustainable social investment and enterprise and improve capacity to collect due revenues as efficiently as possible.

According to him, “The objective of our 2020 budget proposal is to improve civic participation in governance and automate public services and engagement.

“The budget is expected to build impactful partnerships with the Federal Government, other states, development partners and civil society,” he said.

Sanwo-Olu said that it would improve the quality of the environment and the public spaces generally.

“In my Inauguration Speech on May 29, 2019, I declared to the good people of Lagos State that:

“While Lagos glimmers as a beacon of progressive and quality governance, our nation now undergoes a historic battle to establish progressive and just governance.

“Lagos must again rise and help lead this nation to fuller progress and to a closer realisation of the greatness that exists within all Nigerians. This inauguration symbolises such an awakening,” the Governor said.

 He stated that his administration came into office with a clear and indisputable mandate to govern the people diligently and conscientiously; to serve them to the best of their ability.


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