Lagos Budgets N852.31bn for 2019
Lagos State Government has send an appropriation Bill of N852.31 billion to the House of Assembly for consideration and approval.
The estimate is N194b less to last year’s N1.046 trillion.
The Commissioner for Budget & Economic Planning, Mr. Olusegun Banjo, who confirmed the development, said the bill was intended to be read before the 40-member legislature House on December 24, last year.
In a statement, Banjo said the governor had sent a verbal information of his intension to present the budget proposal on Monday, December 24, 2018 after the State Executive Council approval on December 19, 2018.
He, however, said that the presentation was shelved because the “House was on recess and thereby could not form a quorum.”
The statement reads: “In order to meet the traditional presentation, a formal letter was sent to the House on Friday, December 28, 2018, forwarding the contents of the budget.
“It is expected that when the House reconvenes, the Speaker would inform members of the content of the Budget proposal sent by the Governor and take necessary action.
“The commissioner said the size of the 2019 budget proposal forwarded by the Governor to the House is N852.317 billion.”
Economic Confidential can recall last year that Governor Ambode while presenting on the floor of the state’s House of Assembly declared that the budget estimates would be used to consolidate on the achievements recorded in infrastructure, education, transportation/traffic management, security and health sectors, and also for capacity building for all public servants including teachers and health workers.
Concerning infrastructural renewal, Governor Ambode reaffirmed the commitment to sustain the tempo of continuous construction, rehabilitation, upgrading and maintenance of a network of roads across the city, including those within the boundary areas of Lagos and Ogun state.