Lagos State targets N962bn IGR to fund N1.155trn 2021 budget

Lagos State targets N962bn IGR to fund N1.155trn 2021 budget

Governor Babajide Sanwo-Olu of Lagos, Nigeria’s economic and financial capital, on Tuesday presented the N1.155 trillion 2021 Proposed what he tagged “Budget of Rekindling Hope,” before the State House of Assembly. The spending plan, expected to propel the restoration of economic balance and “help the state navigate its way out of the negative impact of the Coronavirus (COVID-19) pandemic and the destruction of public assets, following the EndSARS protest hijack.” A breakdown of the proposed budget showed that funding will be significantly through Internally Generated Revenue (IGR), which is projected…

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