Finally, Ambode Presents N852.3bn As 2019 Budget

Lagos State Governor, Akinwunmi Ambode, has presented a budget proposal of N852.316b before the lawmakers for the 2019 fiscal year.

The contains a recurrent expenditure of 385.6billion, Capital expenditure of 462.7billion and a capital recurrent ratio of 54-46.

The governor said the budget is projected to consolidate on the gains made so far in the state.

He added that the budget is targeted to cater to the needs of the entire residents of the state.

Meanwhile, Speaker of the House, Rt. Hon. Mudashiru Obasa, in his speech made available to lamented the fallout of the budget brawl has led to series of negative publications both on social media and in the print media, which are being sponsored by a faceless group calling themselves the Legislative Probity and Accountability (LPA) led by one Olu Fajana with its pseudonym.

“This started immediately the misunderstanding between the Executive and Legislative came up in respect of the Y2019 budget; which means that such could not be ruled out to have emanated from the Executive.”

Leave a Reply

Your email address will not be published.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