Connect with us

Metro

Lagos Assembly passes N873.532bn 2019 budget

Published

on

LAGOS: APC clinches 11 seats in House of Assembly polls

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

Opinions

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.

Donate Now

Click to comment

Leave a Reply

Your email address will not be published.

7 − four =

Investigations