The Lagos State Government, through the Ministry of Economic Planning and Budget, has released its budget performance report for the first quarter (Q1) of 2025, reaffirming its commitment to transparency, fiscal discipline, and efficient public financial management.
According to the report, the State generated a total revenue of ₦582.45 billion in Q1 2025, reflecting 79% performance against the quarterly estimate of ₦728.90 billion, and 20% of the total annual revenue projection of ₦2.92 trillion (excluding net grants and opening balance). This performance demonstrates Lagos State’s resilience and strong revenue-generating capacity in the face of national economic challenges.
On the expenditure side, recurrent expenditure for the quarter stood at ₦251.22 billion, representing 78% of the quarterly target of ₦323.91 billion, and 19.4% of the annual recurrent budget of ₦1.30 trillion. Capital expenditure performance was recorded at ₦271.11 billion, achieving 52% of the quarterly estimate of ₦517.80 billion, and 13.1% of the annual capital budget of ₦2.07 trillion.
Speaking on the report, the Honourable Commissioner for Economic Planning and Budget, Mr. Ope George, stated:
“This Q1 performance reflects our administration’s prudent approach to public finance and our unwavering commitment to deliver on the development priorities outlined in the THEMES Plus agenda. We will continue to strengthen our revenue drive, manage our resources efficiently, and invest in projects that improve the quality of life for all Lagosians.”
The Ministry remains focused on improving budget implementation across sectors and ensuring that every kobo spent translates into tangible benefits for the people of Lagos.
Members of the public are encouraged to review the detailed Q1 2025 Budget Performance Report available on the Lagos State Government website ( https://lagosmepb.org/wp-content/uploads/Y2025-Lagos-State-Budget-Implementation-Report-FY25.pdf ) as part of our open governance approach.
Hi there! Do you use Twitter? I’d like to follow you if that would be ok. I’m absolutely enjoying your blog and look forward to new posts.
Hello there, You’ve performed a great job. I will definitely digg it and personally recommend to my friends. I am confident they will be benefited from this web site.
Wow! Thank you! I continuously wanted to write on my website something like that. Can I implement a portion of your post to my blog?
I?¦ve recently started a website, the info you provide on this website has helped me greatly. Thank you for all of your time & work.
I am happy that I discovered this blog, exactly the right info that I was searching for! .
I conceive this internet site contains some rattling fantastic information for everyone :D. “The public will believe anything, so long as it is not founded on truth.” by Edith Sitwell.
Very efficiently written article. It will be beneficial to everyone who employess it, including yours truly :). Keep up the good work – for sure i will check out more posts.
I’d forever want to be update on new blog posts on this web site, saved to favorites! .
Hello there! This is kind of off topic but I need some advice from an established blog. Is it tough to set up your own blog? I’m not very techincal but I can figure things out pretty fast. I’m thinking about setting up my own but I’m not sure where to begin. Do you have any points or suggestions? Many thanks
Enjoyed looking at this, very good stuff, thanks. “Shared joys make a friend, not shared sufferings.” by Friedrich Wilhelm Nietzsche.
This is the correct weblog for anybody who needs to find out about this topic. You understand a lot its virtually hard to argue with you (not that I truly would want…HaHa). You undoubtedly put a new spin on a topic thats been written about for years. Great stuff, just nice!
Unquestionably imagine that which you stated. Your favourite justification appeared to be on the net the simplest factor to keep in mind of. I say to you, I certainly get irked whilst folks think about worries that they just don’t understand about. You managed to hit the nail upon the top and also defined out the whole thing with no need side-effects , other folks can take a signal. Will likely be again to get more. Thanks
采用高效谷歌站群策略，快速提升网站在搜索引擎中的可见性与权重。谷歌站群
kuwin sở hữu kho game đa dạng từ slot đến trò chơi bài đổi thưởng, mang đến cho bạn những giây phút giải trí tuyệt vời.
搭载智能站群程序，自动化搭建与管理，为SEO项目提供核心驱动力。站群程序
fantastic post.Never knew this, appreciate it for letting me know.
Tham gia cộng đồng game thủ tại Go88 để trải nghiệm các trò chơi bài, poker phổ biến nhất hiện nay.
Great tremendous issues here. I am very happy to see your article. Thank you so much and i am looking forward to touch you. Will you kindly drop me a e-mail?
采用高效谷歌站群策略，快速提升网站在搜索引擎中的可见性与权重。谷歌站群
This is a very good tips especially to those new to blogosphere, brief and accurate information… Thanks for sharing this one. A must read article.
Khám phá thế giới giải trí trực tuyến đỉnh cao tại MM88, nơi mang đến những trải nghiệm cá cược thể thao và casino sống động.
Với giao diện mượt mà và ưu đãi hấp dẫn, MM88 là lựa chọn lý tưởng cho các tín đồ giải trí trực tuyến.
Tham gia cộng đồng game thủ tại Go88 để trải nghiệm các trò chơi bài, poker phổ biến nhất hiện nay.
Khám phá thế giới giải trí trực tuyến đỉnh cao tại MM88, nơi mang đến những trải nghiệm cá cược thể thao và casino sống động.
Real superb information can be found on site.
It is perfect time to make some plans for the future and it’s time to be happy. I have read this post and if I could I wish to suggest you some interesting things or advice. Perhaps you could write next articles referring to this article. I desire to read even more things about it!
I discovered your blog site on google and check a few of your early posts. Continue to keep up the very good operate. I just additional up your RSS feed to my MSN News Reader. Seeking forward to reading more from you later on!…