Lagos Assembly amends Appropriation Law 2023.

Lagos Assembly amends Appropriation Law 2023.

Lagos State House of Assembly has amended the Appropriation Law of 2023 to authorise the re-ordering of N761,218,455,055.

The reordering was sequel to Governor Babajide Sanwo-Olu’s letter seeking authorisation of re-ordering of the 2023 Budget.

The House, at plenary yesterday, approved the reordering after Chairman of the Committee on Economic Planning and Budget, Lukman Olumoh, presented the committee’s report and recommendations, which were adopted as the House’ resolution.

At the sitting presided by the Deputy Speaker, Mojisola Meranda, the lawmakers read the bill a third time before its eventual passage.

Titled ‘A Bill for a Law to amend the appropriation Law, 2023 and to authorise the re-ordering of N761,218,455,055 from the consolidated Revenue Fund for Recurrent Expenditure, and N1,006,795,700,230 from Development Fund for Capital Expenditure’, it was unanimously approved by the lawmakers through a voice note.

The Deputy Speaker, thereafter, directed the Clerk of the House, Olalekan Onafeko, to forward a copy of the approval to the appropriate quarters.

Source: The Nation Newspaper.