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Lagos Assembly Passes 2012 Budget  print

Published on December 30, 2011 by   ·   2 Comments

Ahead of its January deadline, the Lagos State House of Assembly has passed the 2012 Appropriation bill just within a month and two weeks after the budget was presented to it by Governor Babtunde Fashola.

Governor Babatunde Raji Fashola

The budget, which was originally N485.292 billion when it got to the House, was however increased by N6 billion to arrive at a total of N491.827 billion.

The additional N6 billion was requested by the governor for the hosting of the 2012 National Sports Festival and the completion of the projects in Isale Gangan area of the state.

A breakdown of the budget shows N233.506 billion as recurrent expenditure while the total capital expenditure is N258.321 billion.

In the budget, which has been sent to the governor for his assent, subvention for Public Works Corporation was increased from N3.2 billion to N4 billion while the overhead cost for the Assembly Service Commission, which was earlier put at N86.4 billion, was increased to N96.4 billion.

Also N612.33 million and N500 million were added to the overhead cost and capital expenditure of the Lagos State House of Assembly such that the overhead and capital are now N6,123,831,000 and N2.769 billion respectively.

As a result of the request of the Governor, N5.33 billion was added to the overhead cost for the Office of Sports for the hosting of 2012 National Sports Festival.

The House further approved N909,594,266 to be deducted from other personnel cost in the Ministry of Establishment and Training and added as personnel cost for the Primary Health Care board for optimum performance in the health sector.

It also increased the capital expenditure of the Ministry of Physical Planning and Urban Development by N1 billion so that the ministry could effectively concentrate on the development of Isale-Gangan as part of its task for next year.

The House urged the Ministry of Economic Planning and Budget to monitor closely the usage of the dedicated revenue domiciled with concerned ministries, departments and agencies.

Addressing his colleagues at the sitting which lasted till 10.30 p.m., Speaker Adeyemi Ikuforiji thanked them for cutting short their recess in order to speed up the passage of the budget.

He also thanked them for their painstaking effort to look critically at the proposal before it was finally passed.

The House thereafter adjourned sitting to 6 February, 2012.

—Eromosele Ebhomele

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Posted by on December 30, 2011, 2:12 pm. Filed under Metro, News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

2 Comments for “Lagos Assembly Passes 2012 Budget”

  1. omobabaolowo

    WHY WON’T THEY PASSED THE BUDGET. MOST OF THEM ARE PURE OPPORTUNIST’S WHO DID NOW KNOW THE MEANING OF BUDGET OR HOW TO SCRUTINISED TOWARDS RAISING COMPLAINTS OR FAULT WHAT WAS PROPOSED. THE MAJORITY OF THE NEW COMERS ARE BEING LED BY THE ONES THAT HAD BEEN THEIR BEFORE AND THAT MADE THE PASSAGE NON CONTROVERSY. AFTER-ALL, HOW WOULD THEY RECEIVE THERE WAGES AND ALLOWANCES WHICH IS WHAT THEY ARE MAINLY AFTER. GOOD LUCK TO ALL OF THEM.

  2. uncivilized

    I commend Fashola’s sincerity in this budget. He has sincerely included only what he intends doing. Delta state’s population is less than 40% of Lagos population but Uduaghan will present a budget that will double that of Fashola and still will not do anything. If anyone wants to know how poorly Uduaghan is performing, let him or her visit ONYAH town in Ndokwa East LGA of Delta state. No road, no electricity, no water, only a ramshackle school building, and erosion is also sending the town into extinction. Shame to Uduaghan

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