Governor Akinwunmi Ambode of Lagos State today presented the 2016 budget to the Lagos State House of Assembly. He also added that a meal-a-day programme will begin in Lagos schools come next year.
N662.588bn is proposed for 2016. The budget is N172.898bn bigger than the 2015 budget and represents an improvement of 26% over the budgets of 20154 and 2015. With Capital Expenditure proposed at N383.678bn as against N278.909bn for Recurrent Expenditure, this gives a ratio of Capital to Recurrent of 58:42 as against 51:49 in 2014 and 2015.