Gov. Fashola presents N489.7b budget estimates for 2014 to Lagos Assembly -

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The Lagos State Gov. Babatunde Fashola, on Wednesday presented budget estimates of N489.7 billion for the year 2014 to the State House of Assembly.

Lagos, the former capital of Nigeria is the country’s commercial nerve centre. The News Agency of Nigeria (NAN) reports that the budget was about N8 billion less than the 2013 estimates of N497.27 billion.

NAN further reports that the budget is comprised of a proposed capital expenditure of N225.02 billion and a recurrent figure of N234. 67 billion.