Metro
Lagos Assembly passes N873.532bn 2019 budget
80 days after it was presented by the state governor, the Lagos State House of Assembly has passed the state’s 2019 Appropriation Bill of N873. 532bn.
Total budget size passed by the Assembly on Monday is N873.532b, which is about N21.215b more than the N852.317b originally presented to the Assembly by Governor Akinwunmi Ambode on February 5.
The passage followed the adoption of the report and recommendations of the House Committee on Budget and Economic Planning, headed by Gbolahan Yishawu (APC-Eti-Osa II).
READ ALSO: Bayelsa Governor declines assent to life pension bill for lawmakers
N393, 841, 387, 020 from the Consolidated Revenue Fund was approved for recurrent expenditure and N479, 691, 073, 705 from Development Revenue Fund for capital expenditure.
Speaker of the House, Mudashiru Obasa, commended Yishawu and members of his committee for a thorough scrutiny of the budget.
Obasa said: “That a bill for a law to authorise the issue and appropriation of N393,841,387,020 from the Consolidated Revenue Fund for recurrent expenditure and N479, 691,073,705 from Development Fund for capital expenditure thereby totalling a budget size of N873,532,460,725 for the Year ending 31st December, 2019 be passed into law.”
He then directed the Clerk of the House, Azeez Sanni, to send a clean copy of the passed Appropriation law to the governor for signature.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: In Kwara, multimillion-naira milk processing plant is abandoned, converted to a chicken outlet
After the government spent millions of naira to establish a milk processing plant in Kwara State that would provided jobs...
SPECIAL REPORT: For Sokoto communities, promise of healthcare is akin to death sentence
In this story, ABDULRASHEED HAMMAD delves into the dire realities of Primary Health Care services in Sokoto State, shedding light...
ICYMI…SPECIAL REPORT: NNPCL hides behind PIA to frustrate disclosure, accountability
Nigeria’s major oil company, Nigerian National Petroleum Corporation Limited (NNPCL), in what appears to be a common practice of disregard...
INVESTIGATION: Multi-million naira Ekiti resort center remains uncompleted a decade after
The multimillion-naira project, expected to comprise recreational buildings, now consists of cassava farmland, a bush used for excretion, and a...
SPECIAL REPORT: Torturous experiences of students with disabilities in Oyo tertiary institutions
For students with disabilities in Oyo state-owned tertiary institutions, learning is a torturous and distressing experience, considering the building structures...