· Capital Expenditure retains its traditional higher allocation over Recurrent Expenditure at 52:48 ratio
Lagos State Governor, Mr. Babatunde Fashola (SAN), Monday signed into Law the 2014 Appropriation Bill with a pledge that the implementation would be efficient and to the benefit of the people.
The Appropriation Bill, approved late last week by the State House of Assembly, has a size of N489.69 billion with Capital Expenditure retaining its traditional higher allocation than its Recurrent counterpart at the ratio of 52 percent (representing N255.025 billion) to 48 percent (representing N234.665 billion).
