Photo published for Ambode presents “The Peoples Budget,” of N662.588 billion for 2016 fiscal yearGovernor Akinwunmi Ambode of Lagos State today presented  the 2016 budget to the Lagos State House of Assembly. He also added that a meal-a-day programme will begin in Lagos schools come next year. 
N662.588bn is proposed for 2016. The budget is N172.898bn bigger than the 2015 budget and represents an improvement of 26% over the budgets of 20154 and 2015. With Capital Expenditure proposed at N383.678bn as against N278.909bn for Recurrent Expenditure, this gives a ratio of Capital to Recurrent of 58:42 as against 51:49 in 2014 and 2015.