The Lagos State House of Assembly on Tuesday passed the state’s 2018 appropriation bill of N1, 046 trillion into law.
The passage followed the adoption of the report and recommendations of the House Adhoc Committee on Budget and Economic Planning, headed by Hon. Gbolahan Yishawu.
The house approved N347. 039 billion as total recurrent expenditure from the consolidated revenue fund.
It also approved N699. 082 billion as the total capital expenditure from the development revenue fund for the year ending Dec. 31, 2018.
Yishawu, while presenting the committee’s report, said that efforts should be made to reduce total overhead cost of the state.
The lawmakers, who took turns to commend the nine-man ad hoc committee for a job well done, however, called for quick consideration of the Private-Public Partnership (PPP) scheme.
Hon. Setonji David, the Acting Chairman, House Committee on Physical Planning and Urban Development said: “there are so many arrangements going on in PPP that the house does not know about’’.
The Deputy Majority Leader, Hon. Muyiwa Jimoh, said that PPP should be on its own and not operate under any ministry.
The Speaker of the House, Hon. Mudashiru Obasa, also commended Yishawu and members of the committee for thorough scrutiny of the budget within a short time frame.
The house passed the bill after Obasa conducted a voice vote on each of the sectoral allocations for ministries, departments and agencies.
Obasa directed the Acting Clerk of the House, Mr Azeez Sanni, to send a copy of the bill to Gov. Akinwnmi Ambode for his assent.
The house adjourned its plenary until Feb. 1
It may be recalled that Ambode had on Dec. 11, 2017 presented the proposed “Budget of Progress and Development’’ to the assembly.
On Dec.18, the house set up a nine-man committee to scrutinise the budget proposal of N1.046 trillion.
The budget size, which represents a 28.67 per cent increase over the 2017 budget of N812 billion, is the highest in the history of the state.
Wike faults conduct of Ekiti gubernatorial poll
Governor Nyesom Wike of Rivers State has described what transpired during the Ekiti governorship election as the worst political robbery...
Kwara APC berate Dep. Publicity Sec. over attack on Saraki
Kwara State Chapter of the All Progressives Congress (APC) in Kwara State has cautioned Yekini Nabena, the Deputy National Publicity...
Obasanjo sends letter to Fayemi (READ DETAILS)
Former President Olusegun Obasanjo on Sunday congratulated Ekiti State Governor-Elect, Dr. Kayode Fayemi. Below is the congratulatory letter addressed to...
PDP rejects results of Ekiti governorship election
The People’s Democratic Party (PDP) has rejected the result of the Saturday Ekiti State governorship election as declared by the Independent National...
REVEALED……How PDP can win Osun guber poll—Oyinlola
A chieftain of the Peoples Democratic Party in Osun State,Prince Abimbola Oyinlola, has lamented the loss the party suffered at...
Buhari breaks silence on Adeosun’s alleged certificate forgery
President Muhammadu Buhari has written the National Youth Service Corps (NYSC) demanding a thorough probe of the exemption certificate scandal...
Why I emulate Oluwo-—Reps Aspirant
The Oluomo of Feesu, a leading house of representatives aspirant from Iwo Federal Constituency, Chief Diekola Ismail Adefowope (DIA) has...
Saraki congratulates Fayemi over election victory
Nigeria’s Senate President, Dr. Abubakar Bukola Saraki, has congratulated the Governor-elect of Ekiti State, Dr. Kayode Fayemi, on his...
Kwara commits N6.5billion to Water Reticulation
The Kwara State Government has disclosed that a total of N6.5billion had been expended on the Ilorin water reticulation project since...
Makaman Lafiagi grieves over Madakin Lafiagi mother’s death
The Makaman Lafiagi and leading gubernatorial aspirant in the forthcoming general elections in Kwara State, Alhaji Tajudeen Audu, has commiserated with...