The Sun News

Lagos Assembly to pass 2018 budget – Speaker


The Speaker, Lagos State House of Assembly, Mr. Mudashiru Obasa, on Monday said the House would, by next week, pass the 2018 state budget.

Obasa gave the assurance while commenting on the timely submission of the budget report by Mr. Yishawu Gbolahan, the Chairman, House Committee on Budget and Economic Planning, on the 2018 Appropriation Bill.

Gbolahan presented the report on the floor of the House.

The speaker said: “I really appreciate the commitment and dedication in meeting up with the time set to turn in the report.

“For your commitment, I thank you very much.

“I am sure that with this, we can by this week or next week return the budget back to the governor for the people of Lagos State.”

According to him, the House went for a break to allow the committee to do its work in order to return the budget in good time.

Governor Akinwunmi Ambode had on December 11 presented the proposed “Budget of Progress and Development’’ to the assembly.

The budget size, which represents a 28.67 per cent increase over the 2017 Budget of N812 billion, had a capital expenditure of N699 billion and a recurrent expenditure of N347 billion.

The House on December 18 set up a seven-man committee to scrutinise the state’s budget proposal of N1.046 trillion.

Meanwhile, the House also took the reports of its Seven-man Ad hoc Committee on Energy and Minerals Resources on “Power Sector Reform Bill, 2017’’.

It was presented by Mr Folajimi Mohammed, the Chairman of the committee.

The assembly also accepted the report of its Eight-man Ad hoc Committee on Finance on the “Land Use Charge (Repeal and reenactment) Bill, 2017’’ as laid by Mr Yinka Ogundimu, the Chairman of the committee.

The House took the report of its Seven-man Ad hoc Committee on Transport on the “Lagos State Transport Sector Reform Bill, 2017’’ presented by Mr Fatal Mojeed, the Chairman of the committee.


About author

Tokunbo David
Tokunbo David

Writer and editor.

Leave a reply

Your email address will not be published. Required fields are marked *


July 2018
« Jun    


Take advantage of our impressive statistics, advertise your brands and products on this site. Get in touch. For print/online adverts inquires: 09070051404


Online Editor: Aderonke Bello
Telephone: 08189015120
Email:  [email protected]