Lagos State Governor, Mr. Babajide Sanwo-Olu has revealed that the state would borrow N350b to finance the state 2023 budget of N1.692trn.
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The governor, who presented the budget to the state assembly, said the state government is expecting a N1.342b revenue to fund the budget.

According to Sanwo-Olu, about N759b would be for recurrent expenditure while N932b would be for capital expenditure.
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The governor before giving details of the 2023 budget took time to provide details of projects and programme executed by his administration in the past three years.

Sanwo-Olu asked that Lagos State should be given a special status because it needs all the support to succeed as a subnational that receives people from every part of the country.

Details later.
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