Budget NG

Assembly passes Lagos N1.046trn 2018 budget


January 31, 2018 | 2:21 am
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Lagos State is inching closer to commencing the implementation of its 2018 budget of N1.046 trillion, as the Lagos State House of Assembly, Tuesday, passed the appropriation bill.

BusinessDay gathers that the state governor, Akinwunmi Ambode, will in a matter of days, assent to the bill to complete the process of giving it legal backing for implementation.
Mudashiru Obasa, speaker of the House, while giving a breakdown of the bill, said N699 billion was appropriated for capital expenditure and N347billion for recurrent expenditure.
Obasa conducted a voice vote to pass each of the sectoral allocations for ministries, departments and agencies of the government after being presented by Gbalahan Yishawu-led ad-hoc committee on the 2018 appropriation bill.
Yishawu, however, faulted some MDAs for improper planning and presentation of their budgets.
Another lawmaker, Fatai Mojeed, equally queried why some MDAs recorded increase in salary expenditure when there was no increase in the number of people employed.
The lawmakers generally called for the review of the Private Public Partnership (PPP) of the state government, demanding that the executive furnish the legislature with the exact number organisations it had partnership with for proper legislation.
Governor Ambode laid the proposal before the House on December 11, 2017, tagged “budget of progress and development.”





January 31, 2018 | 2:21 am
  |     |     |   Start Conversation

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