Lagos State Governor. Akinwunmi Ambode, finally presented a budget of N852.13bn to the Lagos State House of Assembly on Tuesday.
The budget is lower than that of last year, which was N1.046trn.
Explaining the shortfall in the 2019 budget, Ambode said the budget performance of 2018 was put into consideration before preparing the 2019 budget.
Ambode said, “The overall 2018 budget stood at 60 per cent and that was put into consideration in preparing the 2019 budget.
“The 2019 budget is all-encompassing and it will cater for all Lagosians.
According to the governor, N462.757billion representing 54 per cent of the total budget had been earmarked for capital expenditure, while N389.560billion representing 46 per cent had been dedicated to recurrent expenditure.
The presentation of the budget by the governor was politicised following the political crisis that engulfed the state chapter of the ruling APC last year resulting in the defeat of governor Ambode at the party primaries by Mr Sanwo Olu who was backed by party leaders in the state.
Subsequently, the state house of assembly frausted every attempt by the governor to present his budget before them.
Last week they threatened to impeach the governor for spending unappropriated funds from the budget but following protests from Lagosians over the move, the party leaders intervened last Sunday to resolve the crises.