Fashola Announces 83 Percent 2014 Budget Performance

Lagos State Governor, Mr. Babatunde Fashola, SAN (middle), his Deputy, Hon. (Mrs) Adejoke Orelope-Adefulire (right) and the Commissioner for Finance, Mr. Ayo Gbeleyi (left) during the 2014 4th Quarter Budget Performance Review Session at the Banquet Hall, Lagos House, Ikeja, on Wednesday, February 18, 2015.

Lagos State Governor, Mr. Babatunde Fashola SAN, Wednesday, 18th February, 2015, announced an 83 per cent cumulative performance for the 2014 budget even as he pledged to continue high quality service delivery till the end of his tenure.

The performance represents the aggregated accomplishments with the budget in the first, second, third and fourth quarters of the year which stood at 67 per cent, 106 percent, 84 per cent and 77 per cent respectively.

Speaking to journalists at the Lagos House, Ikeja, after the Performance Appraisal of the Y2014 Fourth Quarter and full year Budget by the State Executive Council, Governor Fashola, who also announced the fourth quarter budget performance as 77 percent, said the impact of the fourth quarter performance of the budget was already visible across the State in projects such as the completed court buildings in Epe and Ikeja.

Other projects which benefited from the Budget in the fourth quarter, the Governor said, include solar projects in primary health institutions and primary schools, progress in road works across the State such as the one in Agiliti now completed, the Isheri-Oshun Bridge behind Jakande Estate also completed while the roadwork is nearing completion and would be commissioned before the end of the tenure of the administration.

“I also said yesterday (Tuesday) that the Gbagada Cardiac and Kidney Centre is now fully done with all the equipment which we have been testing from the beginning of the year; we are undergoing pre-commissioning testing preparatory for opening for full service”, the Governor said adding that those were some of the places where impact of the budget would have been seen.

On the priorities of his administration in these last days, Governor Fashola promised to continue to do more of what the administration has done well in order to close strongly adding, “As I said before, in the rain and in the sun we will continue to provide service; that is the role of government”.

The Governor listed other areas of priority to include settling as many obligations as it could, “in spite of the difficult financial situation”, to contractors to accelerate and complete more on-going projects such as housing schemes, road works and drainage works among others.

He declared, “We are issuing more contracts to support small businesses. We are in procurement now for maintenance contracts for about 606 schools which are contracts that range between N2 million and N5 million for small businesses”, adding that beneficiaries would be graduates from the State’s technical and vocational centres who have formed small companies and members of the society who bid for the contracts as well as those who show “demonstrable capacity.

“So those are the things we are going to do more, things that impact on ordinary people, to give them an opportunity to earn a living and support them in this difficult and challenging times that our country is facing as a result of poor management and lack of foresight by the Central Government who refused to invest wisely while money was there”, he said.

Also speaking to journalist later, the state Commissioner for Budget and Economic Planning, Mr. Ben Akabueze, who confirmed that the 2014 Budget performed 83 per cent, explained that although Government had earlier reported an overall performance of 86 percent and had hoped to finish the year better than that, it could not attain the objective because in the fourth quarter of the year, there were significant dips in revenue especially from the Federal transfers.

According to the Commissioner, government would focus on completing on-going projects but not in total exclusion of new projects, adding, “There will always be new things you didn’t anticipate, exigencies that dictate that you should embark on a new project”.

He, however, noted that for any new project to merit implementation such a project must be of utmost importance and needful adding, “There are some areas that have become very needful to drain them, new development areas. We are not going to say because they are new so we won’t award them”.

The post-Budget Review session was also attended by the Commissioner for Information and Strategy, Mr. Aderemi Ibirogba and the Special Adviser to the Governor on Media, Mr. Hakeem Bello.

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