Lagos state governor, Mr. Akinwunmi Ambode Tuesday presented a total budget estimate of N812.998 billion for 2017 to the state Assembly for consideration and approval.
The Capital expenditure stands at N512.99billion while recurrent expenditure is N300billion, a ratio of 63-37 per cent.
"We presented the 2017 Budget today at the Chambers of the Lagos State House of Assembly. The proposed budget is N812.998billion. N300.5bn Recurrent Expenditure and N512bn Capital Expenditure.
The budget will enhance the renewal of our infrastructure and make Lagos one of the foremost tourism and investment destinations in Africa," the governor said.