Blog Post

News from us
16 October 2019

HOUSE OF ASSEMBLY VOWS TO APPROVE THE YEAR 2019 BUDGET.

Governor Babajide Sanwo-Olu is requesting for approval from the Lagos State House of Assembly to pre-order priorities under the year 2019 Budget.

In his letter to the House, Governor Sanwo-Olu expressed appreciation to the Speaker, Right Honorable Mudashiru Obasa, and all members for their support in ensuring dividends of democracy to the people of Lagos.

He said that as at thirty-first of August, the budget had seventy-one performance which was below set target of one hundred percent.

Sanwo-Olu explained that, level of performance had made it imperative to structure a more conscientious approach to fix total capital investment in the remaining months of twenty-nineteen to meet the target of fifty-five to fifty-five ratio.

He added that the present structure of the budget would have to be amended to drive capital expenditure through completion of ongoing capital projects initiated by previous administration; and initiate new ones.

The Speaker forwarded the request to joint committees on Finance and Economic Planning to be submitted next week Monday.

|

Leave a Reply