General news

Assembly refers Lagos 2020 budget proposal to committee level



The Lagos State House of Assembly has referred the state’s 2020 proposed budget to the committee stage after it scaled through second reading during plenary on Monday.

The Nigeria News Agency reports the Appropriation Bill was read for the second time by the Clerk of the House, Mr Azeez Sanni.

Gov. Babajide Sanwo-Olu had on Nov. 8 presented the 2020 proposed budget of N1.168 trillion to the State House of Assembly.

Sanwo-Olu noted that the capital expenditure amounted to N723.75 billion while the recurrent expenditure is N444.81 billion, giving a 62:38 capital to recurrent ratio.

Commenting, Mr Fatai Mojeed, representing Ibeju Lekki 1, said the proposed revenue was achieveable as the state was yet to tap revenue from several areas of informal sector.

Mojeed, who spoke on the content of the budget extensively, pointed out various sectors which the budget would touch for the betterment of the people.

He stated that it would be appropriate for the state to invest heavily on public transportation to be able to cater for the transport need of the people.

Also commenting, Mr Rotimi Olowo, representing Somolu 1, said that the budget estimate was overambitious, based on its revenue target which might not be achievable.

Olowo added that there was need to re-integrate the various sectors for better service delivery, saying that it would further enhance the economy.

He warned the state government not to overtax the people because it wanted to meet revenue target by various agencies and MDAs.

Olowo said that the current economic situation should be put into consideration while they go about ensuring achieving their revenue targets.

“The immediate past administration also presented an overambitious budget last year and it failed to achieve its purpose and was poorly implemented at the end of the day.

“I want this administration to avoid such mistake,” he said.

Also, Mr Jude Idimogwu, representing Oshodi/Isolo 2, in his comment, called on the MDAs to come and explain to the House on how they would achieve their revenue targets.

Idimogwu said the figures in the budget were projections but that they should be realistic figures.

“The MDAs have jacked up their revenue targets, they need to come to tell us how they would realise these projections,” said Idimogwu.

After extensive deliberation by members, the Speaker, Mudashiru Obasa, referred the budget to both the House Committee on Economic Planning and Finance and report back in six weeks time.

Edited by Wale Ojetimi

Icardi double gives PSG 2-0 win at Reims Ronaldo double earns point for Juventus at Roma Messi back in scoring business in dream start for Koeman Ajibade, Azeez win Asiwajuniwa Cycling Tournament KDSG advises civil servants against strike Paris knife attack suspect says he was targeting Charlie Hebdo – Police source Congolese security forces thwart rebel attempt to seize mining hub 171 millionaires emerge in Dangote Cement Promo President Buhari greets Onabule at 81 Oba Oniru wants LASG to recognize “Isese Day” Onyeama calls for peace in Enugu APC World Tourism Day: NCF showcases Nigeria’s rich conservation park‍  I-G condemns attack on security convoy in Borno 2020/2021 Legal Year: Clergy tasks judges on justice, fight against corruption FG applauds CAN’s roles in nation building Bankers institute re-certifies NDIC academy as training provider for banking industry Post COVID-19: Expert proffers strategies for business revival Vardy’s hat-trick inspires Leicester City to 5-2 win over Manchester City Community repatriates 43 Nigerian women stranded in Lebanon Electricity: Ojota community protests ‘crazy’ bills, disconnections LASG says MSMEs key to economic recovery  Valentino picks Milan over Paris for rare live fashion show 60th Independence: Sanwo-Olu urges citizens to rededicate to nation’s unity In Paris, a fashion eco-system on edge as shows disappear French Open: Wawrinka thrashes Murray as big match falls flat 13 B/Haram terrorists, 23 family members surrender to troops in Borno -DHQ Malami donates N11m to Kebbi flood victims Jos airport renovation 95 per cent completed – Manager FG mulls policy on zero rating for educational websites Tourism Day: Nigeria to leverage on tourism to boost grassroots devt.- Minister Buhari’s policies yielding fruitful results – Gov Bagudu Ministry to create platform for lifting 100m Nigerians out of poverty Oil palm growers commend Buhari, CBN for empowering small holder farmers Nigerians renew call on Multichoice, others on pay as you go tariff NIHOTOUR will work with private sector for sustainable development of tourism -Kangiwa Men like Justice Karibi-Whyte, difficult to find anymore -NBA President Gov. Wike describes late Karibi-Whyte as a super hero, incorruptible jurist Inter hits two late goals to beat Fiorentina 4-3 Beaten Betis coach Pellegrini blames VAR in defeat to Real Madrid COVID-19: Nigeria cases now 58,198 with 49,722 discharged Ministry official advocates regular dog vaccination to end rabies by 2030 COAS inspects ongoing projects in Army Super Camp, Ngamdu School resumption: Expert advocates provision of clean water to check spread of infections Armed Forces College holds memorial service for 1992 Ejigbo plane crash victims Increased tariff: Previous administration created problem in power sector Scores of terrorists killed in massive airstrikes on hideouts in Borno – DHQ Wike promises early completion of 258-bed mother, child hospital in Port Harcourt Yobe IPAC agrees with LG elections postponement Brazil court postpones league game after several COVID-19 positive tests Don charges media on changing maternal health narratives