Lagos State targets N991.03 billion revenue in 2021
•To finance N192.48bn deficit through loans, bonds
•Explains excessive focus on COVID-19 over other health conditions
Despite admitting to presenting an ambitious and audacious Budget of Rekindled Hope amid global economic crisis occasioned by the COVID-19 pandemic, the Lagos State Government insists its total revenue target of N991.03billion for the 2021 financial year is very much feasible.
The Government argued that as aggressive as the estimates in its N702.935billion budget are, they were based on available economic information and intelligence, and subjected to interrogation across various levels of debate at the State House of Assembly, constituents and other stakeholder groups.
Speaking in Lagos yesterday at its, Facts-Behind-the Figures Media Roundtable on Y2021 Appr...