The Lagos State 2024 Third Quarter (Q3) budget performance report has uncovered significant expenditure, with Governor Babajide Sanwo-Olu’s administration spending N9 billion on purchasing backup vehicles for 40 Assembly members in Q3 alone. This forms part of a larger N13.3 billion spent from January to September 2024, representing 32.8% of the State Assembly’s total budget. Original Source
Meanwhile, critical educational sectors like the Lagos State University (LASU) and vocational centres received no funding despite allocated budgets. This raises questions about budgetary priorities and transparency within the state’s financial management. The report highlights a discrepancy between budget allocation and execution, which could impact Lagos’s socio-economic development. Are leaders prioritising effectively, or is there room for greater fiscal accountability? Let us know your thoughts!
