The Lagos State House of Assembly has approved the budget re-ordering request of Lagos State Governor, Babajide Sanwo-Olu.
It would be recalled that the Governor had sent his request for the re-ordering of priorities under the Y2019 Budget on Tuesday, 15th October, 2019 and the Joint Committee on Finance and Economic Planning and Budget was set up on the same day for further Legislative scrutiny.
Chairman, House Committee on Finance, Hon. Gbolahan Yishawu, who read the report relayed the breakdown of the ordering and places the expenditure as N93.743bn and the recurrent as N253.000bn.
Hon. Tunde Braimoh and other Lawmakers who contributed opined that the report should be adopted as the resolution of the House.
Hon Braimoh said, “We have expeditiously considered the request of the Governor and it has explained the need to support the Government in order for the people to feel our impact.”
He therefore stated that the recommendations be adopted as the resolution of the House.
In the same vein, Hon. Jude Idimogu, urged his colleagues to positively look at the report and ensure it is passage.
The Speaker, Rt. Hon. Mudashiru Obasa, expressed that there is need to approve the Budget re-ordering in a bid to attend to urgent needs of Lagosians.
“We must do everything to raise support to the Governor and his team, so that the Government can embark on major challenges facing us in Lagos State, which are mostly roads and infrastructures. It is therefore essential that we pass the request.” He thereafter passed the recommendations as the resolution of the House.
The summary of Re-ordering is approved as follows:
Re-ordering for Capital Expenditure – 74,824,648,162
Re-ordering for Recurrent Expenditure – 18,918,059,368
1. The sum of N387,051,235,948 be approved as the Total Recurrent Expenditure be the revised value for the Y2019 Appropriation Law for the Year ending 31st December, 2019;
2. The sum of N486,481,224,777 be approved as the Total Capital Expenditure for the Year ending 31st December, 2019; and
3. The Year 2019 Approved Budget Size remains N873, 532,460,725.
The third reading was done and the Clerk of the House, Mr. Azeez Sanni was directed to send a clean copy of the Prayer to the Governor for assent.