has said that the deficit of N521.275 billion of the 2022 budget will be funded through N1.237 trillion targeted revenue.
He said that the deficit funding requirement of ₦521.275 billion was at 21 per cent of debt service to total revenue of the state. This was after a very rigorous bilateral engagement with the respective Ministries, Departments, and Agencies . Mr Egube said that 73.5 per cent of the projected TIGR is expected to be contributed by Lagos State Internal Revenue Service , while about 19.2 per cent is expected to be generated by other MDAs of government.
“The deficit of N521.275 billion is projected to be funded by a combination of internal, external loans and bond issuance.
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