• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, August 27, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Sanwo-Olu Presents N3trn 2025 Budget To Assembly

by George Okojie
9 months ago
in 2023 Elections, News, North Central, North East, North West, South East, South South, South West
Share on WhatsAppShare on FacebookShare on XTelegram

Lagos State Governor Babajide Sanwo-Olu has presented the state House of Assembly with a budget estimate of N3.005 trillion for the 2025 fiscal year.

Advertisement

The budget proposal presented to lawmakers on Thursday was about N800 billion higher than the approval granted for 2024.

Governor Sanwo-Olu, who made the presentation at a plenary session presided over by the Speaker of the House, Hon. Mudashiru Ajayi Obasa, explained that the budget comprises a total revenue of N2,597,034,000,000 and Deficit Financing of N408,902,000,000.

The governor said the budget, tagged ‘Budget of Sustainability,’ proposed a total of N1.239trn (41%) for recurrent expenditure, comprising total overhead, total personnel cost, and recurrent debt service, while a sum of N1.766trn (59%) was proposed for capital expenditure.

Sanwo-Olu gave the proposed budget’s sectoral allocations: Economic Affairs received N908.699 bn; Environment received N233.176bn; Health received N204.005bn; Education received N208.376bn; Security, Safety, and Public Order received N124.073bn; and Social Protection received N47.077bn.

RELATED

Naira Swap: Kwara Police To Patrol Bank Areas, Warns Hoodlums

Kwara: Kidnap Victims Escape As Security Forces Raid Criminals’ Hideouts

4 hours ago
JUST-IN: Osun Gov’t May Sack Monarch Jailed In US For $4.2m COVID-19 Fraud

JUST-IN: Osun Gov’t May Sack Monarch Jailed In US For $4.2m COVID-19 Fraud

4 hours ago
ADVERTISEMENT

“Mr. Speaker, I am pleased to present the Y2025 Budget proposal, tagged ‘Budget of Sustainability.’

“The Year 2025 Budget as proposed has a total budget size of N3,005,935,198,401, comprising a Total Revenue of N2,597,034,000,000 and Deficit Financing of N408,902,000,000.

“Total Revenue comprises our Internally Generated Revenue of N1, 970,897,000,000, and Total Federal Transfers of N626, 137,000,000.

ADVERTISEMENT

“We equally propose a recurrent expenditure of N1,239,818,000,000 comprising total overhead, total personnel cost and recurrent debt service, as follows: Total Overhead Cost: N722.586 billion, as follows: Overhead: N432.580 billion Subventions: N139.728 billion, Dedicated Funds: N150.278 Billion  Total Personnel Cost: N392.000 billion Recurrent Debt Charges: N125.232 billion.

“For Capital Expenditure, we propose a total figure of N1.766, 117 trillion, as follows: Capital expenditure: N1.452 trillion Repayments: N313.515 billion,” Sanwo-Olu said.

“Mr Speaker, Honorable Members of this esteemed House, I at this moment present highlights of sectoral allocation in the budget: Economic Affairs – N908.699 billion; Environment – N233.176 billion; Health – N204.005 billion; Education – N208.376 billion Security, Safety and Public Order – N124.073 billion;

Social Protection N47.077 billion.

“Mr. Speaker, as you will notice, the budget size is made up of recurrent expenditure of N1.239 trillion (41%) and capital expenditure of N1.766 trillion (59%). The deficit financing, which is within our fiscal sustainability parameters, shall consist of external and internal loans and bonds,” he added.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: Sanwo-Olu
SendShare10168Tweet6355Share
ADVERTISEMENT
Previous Post

Vandals Attack, Disrupt Ongoing Repairs Of Ahoada-Yenagoa 132kV Power Line

Next Post

Keys To Unlocking Confidence And Self-Esteem

George Okojie

George Okojie

You May Like

Naira Swap: Kwara Police To Patrol Bank Areas, Warns Hoodlums
News

Kwara: Kidnap Victims Escape As Security Forces Raid Criminals’ Hideouts

2025/08/26
JUST-IN: Osun Gov’t May Sack Monarch Jailed In US For $4.2m COVID-19 Fraud
News

JUST-IN: Osun Gov’t May Sack Monarch Jailed In US For $4.2m COVID-19 Fraud

2025/08/26
Otu, Ekpeyong, Speaker, Eulogise Late Music Icon, Duke At Funeral
News

Tinubu Celebrates Senator Ekpenyong At 40

2025/08/26
Popular Singer, Yinka Ayefele, Debunks Death Rumour
News

Fresh FM Inferno: Ayefele Responds To ‘No Insurance’ Claims

2025/08/26
Labour Party Now Orphanage For ‘Homeless’ Politicians — Sowore
News

Court Orders Banks To Produce Activist Sowore’s Account Transactions

2025/08/26
Statutory Delegate: Buhari Pays Lawmakers Back In Their Coin?
News

Reps To Probe UNIBEN Teaching Hospital’s Budgetary Expenditures

2025/08/26
Leadership Conference advertisement

LATEST

Kwara: Kidnap Victims Escape As Security Forces Raid Criminals’ Hideouts

JUST-IN: Osun Gov’t May Sack Monarch Jailed In US For $4.2m COVID-19 Fraud

Tinubu Celebrates Senator Ekpenyong At 40

Fresh FM Inferno: Ayefele Responds To ‘No Insurance’ Claims

Court Orders Banks To Produce Activist Sowore’s Account Transactions

Reps To Probe UNIBEN Teaching Hospital’s Budgetary Expenditures

C’Wealth Weightlifting: Omolola Wins Team Nigeria’s First Gold In India

JUST-IN: NRC Suspends Abuja-Kaduna Train Services After Derailment

Fire Razes 5 House In Cross River Community

Bode George Hails PDP Zoning, Says Party Ended ‘Existential Imbecility’

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.