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Lagos State government has earmarked huge capital expenditure in the 2022 fiscal year to service key growth areas to consolidate the recovery of the state’s economy.
In the proposed N1.388 trillion budget for the year 2022 presented to the State House of Assembly on Wednesday, Governor Babajide Sanwo-Olu revealed that the state would spend N325 billion to deliver vital infrastructure projects in key sectors to energize and expand the growth of the state’s economy.
He explained that the human capital development drive of his administration was projected to take a leap in 2022, with an allocation of 21.24 per cent combined in the total expenditure to education and health.
