AgegePulse Magazine
The Speaker of Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa has today expressed optimism that the budget would be of great benefit to the people of the State.
Obasa stated this briefly after the presentation of the proposed N852.316Bn Y2019 Budget presented by the Executive Governor of Lagos State, His Excellency, Mr. Akinwunmi Ambode at House of Assembly Complex, Alausa Ikeja.
He assured that the House would work with the executive to pass the budget aptly.
According to the Governor, N462.757billion representing 54 percent of the total budget size had been earmarked for capital expenditure, while N389.560billion representing 46 percent had been dedicated to recurrent expenditure, saying that key projects such as the Oshodi-Murtala Mohammed International Airport Road, Agege Pen Cinema Flyover bridge and Oshodi Interchange Terminal, among others would be completed.
“In 2019, as was with our previous budgets, Economic Affairs still dominates the sectoral allocation of the proposed budget. This is due to our continued focus on the completion of major on-going projects such as: Oshodi-Murtala Mohammed International Airport Road; Agege Pen Cinema Flyover; Phase II of Aradagun-Iworo -Epeme Road, Oshodi Interchange Terminal; completion of JK Randle Complex, Onikan Stadium; Imota Rice Mill; Renovation/Furnishing of Lagos Revenue House, amongst others in order to meet their specified deliverable outcomes without any bias or prejudice to others.” Ambode asserted.
