Connect with us

news

Lagos Assembly passes N1.046 Trillion budget for 2018  

Published

on

Governor Akinwumi Ambode

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.

 

 

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Latest News

Politics2 days ago

Moshood Mustapha: 5 additional APC excos sacked in Kwara

Five executive members of the All Progressives Congress, (APC) in the Alanamu Ward of Ilorin West local government of Kwara...

news2 days ago

66 unemployed youths get N7m empowerment tools in Ekiti  

Ekiti state government on Thursday distributed job starter tools worth N7 million to 66 youths in the state under its...

Metro2 days ago

GOOD NEWS…… Offa, Erin-Ile communities finally sheathe swords

The people of  Offa and Erin Ile communities in the Offa and Oyun local government areas of Kwara state, have...

Metro2 days ago

Land Tussle: Court places restriction over Ijehu community land dispute

Justice Abiodun Adebara of  Offa High Court in Offa Local Government Area of Kwara State,   has granted an interim injunction,...

top stories3 days ago

Kwara APC suspends Saraki’s aide, Moshood Mustapha

The Kwara State chapter of the All Progressives Congress(APC) on Wednesday suspended a former member of the House of Representatives,...

top stories3 days ago

Attack on Senate: Saraki commends colleagues, House members for defending democracy

The President of the Senate, Dr Bukola Saraki, has commended lawmakers for standing up firmly in defence of democracy and...

top stories3 days ago

JUST IN….. Senator Omo-Agege arrested by police

The police have arrested Senator Ovie Omo-Agege, who was accused of leading thugs to steal the mace at the senate....

news3 days ago

Ex-USA First Lady Barbara Bush dies at 92

  Former USA First Lady, Barbara Bush has died on Tuesday evening at the age of 92, after a series...

top stories3 days ago

Trump, Obama, Clinton, others mourn Barbara Bush

Trump   U.S. President Donald Trump and First Lady Melania, former Presidents and first ladies Barack Obama and Michelle, and...

Metro5 days ago

NDE trains 299 unemployed on skills acquisition in Niger.

By Hammed Salawu,Minna The Niger state  National Directorate of Employment NDE, has commenced the training of 299 unemployed candidates comprising...

Advertisement

Copyright © 2017 Royal News.

%d bloggers like this: