Ambode, who tagged the budget “The Golden Jubilee Budget” as it coincides with the State’s 50th Anniversary, said it would focus on physical infrastructure, while social sectors especially health, education, youth and social development would get adequate attention. His words:
“In the course of the 2017 Financial Year, we shall carry out fundamental reforms on all our modes of transportation – Roads, Water and the Walkways. In this wise, a Public Transport Infrastructure Bond will be issued in the course of the year..
Giving the key components of the budget, Governor Ambode said recurrent expenditure would take N300.535 billion while N512.464 billion would be dedicated to capital expenditure, representing a Capital/Recurrent ratio of 63 percent capital to 37 percent recurrent.
The 2017 budget saw an increase by N150 billion from the 2016 budget.Read More : http://giftadenenews.com/