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| Gov Ambode presents the budget at the state House of Assembly |
Lagos State Governor Akinwunmi Ambode has presented the 2018 proposed budget before the Lagos State House of Assembly.
The governor on Monday proposes the sum of N1,046,121 before the House.
The budget tagged ‘Budget of Progress and Development’ has a recurrent expenditure of N347billion and a capital expenditure of N699billion.
Ambode in a statement by his Chief Press Secretary, Habib Aruna, said the budget would be used to consolidate achievements in infrastructure, education, transportation/traffic management, security and health sectors and also focus on mandatory capacity building for civil servants, all teachers in public secondary/primary schools, officers in the health service sector and women & youth empowerment alongside Medium and Small/Micro Size Entrepreneurs (MSMSE’s).
“It is our resolve in 2018 to strive and complete all on-going projects in order to meet their specified completion period and embark on new strategic projects. We intend to improve on our Internally Generated Revenue (IGR) in the face of the dwindling accruable revenue allocation from the Federal Government, sustain our vision on wealth creation and poverty alleviation,” Governor Ambode said.
The Governor also listed key projects captured in the 2018 Budget to include the Agege Pen Cinema flyover; alternative routes through Oke-Ira in Eti-Osa to Epe-Lekki Expressway; the 8km regional road to serve as alternative route to connect Victoria Garden City (VGC) with Freedom Road in Lekki Phase I; completion of the on-going reconstruction of Oshodi International Airport Road into a 10-lane road and the BRT Lane from Oshodi to Abule-Egba.
He said within the 2018 fiscal year, the Government would continue to rekindle its efforts in the area of Tourism, Sports, Arts and Culture as well as embark on some major projects that would ensure that the State emerges as the hub for tourism, sports and entertainment.
He listed some of the projects to include completion of the five new Art Theatres; establish a Heritage Centre at the former Federal Presidential State House recently handed over to the State Government; build a world-class museum between the former Presidential Lodge and the State House, Marina; fast-track construction of the proposed four new stadia in Igbogbo, Epe, Badagry and Ajeromi Ifelodun (Ajegunle) and complete the on-going Epe and Badagry Marina projects.
On Housing, Governor Ambode said that all on-going projects, especially those at Gbagada, Igbogbo, Iponri, Igando, Omole Phase I, Sangotedo and Ajara-Badagry would be completed for delivery under the Rent-to-Own policy.
Giving a sectoral breakdown at a press briefing in Alausa, Commissioner for Finance, Mr. Akinyemi Ashade said General Public Services got N171,623bn, representing 16.41 percent; Public Order and Safety, N46.612bn, representing 4.46; Economic Affairs, N473,866bn, 45.30 percent; Environmental Protection, N54,582bn, representing 5.22percent while Housing and Community Amenities got N59,904bn, representing 5.73 percent.
Ashade also told journalists that Health sector got N92.676billion, representing 8.86percent; Recreation, Culture and Religion got N12.511billion, representing 1.20 percent; Education got N126.302billion representing 12.07percent, while Social Protection got N8.042billion representing 0.77percent.
Receiving the budget, Speaker of the House, Rt. Hon Mudashiru Obasa commended Governor Ambode for executing the year 2017 budget, saying the positive impact of such had been felt across the State with various projects such as the Abule Egba, Ajah and Pen Cinema Flyovers, among other numerous projects in various sectors.
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