Gbenro Adesina
Governor Babajide Sanwo-Olu of Lagos State on Thursday December 31, 2020, signed the 2021 budget of N1.163trillion into law.
The budget ‘Budget of rekindled hope’ has a capital expenditure of N702.9billion and a recurrent expenditure of N460.6billion, at a ratio of 60 to 40 per cent.
Governor Sanwo-Olu pointed out that his administration was poised to continue its work of rebuilding the state with focus on advancing economic growth, and expanding opportunities for the residents to flourish.
He said, “A significant portion of the budget has been committed to human capital development, youth engagement, social intervention initiatives, and the completion of on-going projects that are critical to achieving the objectives of our T.H.E.M.E.S agenda”.
Sanwo-Olu assured that the 2021 budget would be prudently implemented with the people as focus, vowing that the state was determined to make necessary sacrifice to provide the right economic environment for Lagosians to thrive.
According to him, the 2021 Budget will indeed rekindle hope, deliver substantial economic growth, and bolster the government’s efforts to rebuild Lagos, saying that the state government was committed to make tough choices where necessary and seize opportunities as needed to ensuring that no Lagosian was left behind.
His words, “We will make tough choices where necessary and seize opportunities as needed while ensuring that no Lagosian is left behind. With the enormous challenges of the outgoing year, we are conscious of the fact that in order to efficiently and successfully implement the 2021 budget, we must be selfless and dedicated. With our collective resilience, we will achieve our key goals in all sectors, and nothing will stop us from justifying the trust of the people in this Government”.
