The Lagos State House of Assembly on Tuesday passed the state’s 2017 Appropriation bill of N812.998bn.
The passage followed the adoption of the report and recommendations of the House Committee on Budget and Economic Planning, headed by Mr Rotimi Olowo.
The House approved the sum of N305.182bn as total recurrent expenditure and N507.816bn as the total capital expenditure for the year ending Dec. 31, 2017.
Olowo, while presenting the committee report, said that the state was able to achieve 71 per cent budget performance in 2016 in spite of the economic recession in the country.
The lawmaker said that the state would embark on progressive taxation which would bring more people into the tax net and make the rich pay more.
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