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Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 (6732 Views)

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Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by siant: 6:14am On Dec 30, 2021
Savagecontents:
In the next 10 years we will be looking at budget of quintillions
The first time when the FG's budget hit trillion was 2006, When Obasanjo presented 1.5 trillion 2007 appropriation bill to the National Assembly. Many Nigerians were afraid that the money is too much, as it may lead to inflation.
About 15 years after, that amount is what a state wants to spend while FG is proposing 17 trillion.
Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by danilmo: 6:15am On Dec 30, 2021
jamesversion:


Budget. Read up the meaning.

Is the guy wrong ? Is Lagos anybodys mate before ni shocked

1 Like

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by legba1(m): 6:21am On Dec 30, 2021
It is expected anyway, do you guys know how many boys don pack their bagco sack ready to follow "bloda" down to Lagos after the holidays? Do you know how many ABOKIs are ferris into Lagos daily by those cow trailers? Not to talk of togolese and beninuos.

Funny thing is all those states emptying into Lagos have budgets and receive monthly allocations, still they can't match Lagos stride and no one ask those governor's what they do with their revenues....

6 Likes

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by Ebubu: 6:37am On Dec 30, 2021
hatchy:
Thieves....Another money approved for the opolo eyed thief to use for his clout chasing unrealistic presidential ambition. He can only be president of our neighbouring Benin Republic.
Ebonyi is blessed with infrastructure. Please exclude her.
Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by jamesversion: 6:57am On Dec 30, 2021
danilmo:


Is the guy wrong ? Is Lagos anybodys mate before ni shocked

Budget figures flatter to deceit.
Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by dapolaw(m): 7:04am On Dec 30, 2021
Looking at the current exchange rate @500 per $.

$5bn is equivalent to N2.5trn.






Reflect7:
Roughly 5 billion dollar budget. Not terrible. But more needed.
Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by olas24u(f): 7:24am On Dec 30, 2021
hatchy:
Thieves....Another money approved for the opolo eyed thief to use for his clout chasing unrealistic presidential ambition. He can only be president of ourghbouring Benin Republic.

He started it,fro00million you should not forget that
Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by TimeTraveller: 7:30am On Dec 30, 2021
udemzeus:


It's 2 billion dollars, and lagos cannot fix a 4,000 Sq metre land, what a Shame.

Abia has been unable to clean up a market since 1999. Just a market o!

Ashierey!

4 Likes

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by ThatFairGuy1: 7:46am On Dec 30, 2021
You go school at all or which kind sarcasm is this
NwaNimo1:
The Lagos State House of Assembly on Wednesday evening passed the year 2022 budget estimate with a slight increase of the grand total from the initial N1.38 trillion to N1.758 trillion.



N1.758 trillion - N1.38 trillion = N378 Billion (21% Slightly Added!)

[img]https://c./4Juk46I0DzkAAAAC/sushichaeng-faint.gif[/img]

Our 'Mumu' never complete!

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by ThatFairGuy1: 7:47am On Dec 30, 2021
Pessimist. Tueh
udemzeus:
Las las we no go see light, we no go see good road, useless people
Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by FreeStuffsNG: 7:48am On Dec 30, 2021
"He also put the Capital and Recurrent Expenditure ratio at 66:34.

While the recurrent expenditure is N591,280,803,486bn, the Capital expenditure is N1.166,915,843,358trn, which brings the budget total size to N1,758,196,44,844trn."



Lagos for Excellence. Please bring your investments to Lagos today.
May God bless Lagos State and may God bless Nigeria forever.

1 Like

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by Buccalcavity2: 8:08am On Dec 30, 2021
But seriously. It will be nice to see the breakdown. I'll like to see what the house increased the budget by 27%(1.38 ~1.758). Haba!! We can safely say that the house prepared and approved the budget not the executive. Something is amiss.
Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by Rilwayne001: 8:26am On Dec 30, 2021
jamesversion:


Budget. Read up the meaning.

For them to have such huge budget means they have a robust plans to finance, with the hope that whatever plans they are financing will bring a revenue greater than the budgeted plan.

Compared to other states, how many others usually have such budget for the new year?

More reason why Lagos no be anybody mate. Because I don’t understand why you asked me to read up the meaning of budget.

1 Like

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by Artbydris(m): 8:51am On Dec 30, 2021
udemzeus:


It's 2 billion dollars, and lagos cannot fix a 4,000 Sq metre land, what a Shame.

Lol. You lot display on social media as if you could do much better.
Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by FarahAideed: 8:55am On Dec 30, 2021
Lagos Budget is shrinking ..under PDP Lagos budget used to be over 4 billion dollars and under Buhari it's not barely 3 billion dollars
Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by FarahAideed: 8:58am On Dec 30, 2021
Rilwayne001:


For them to have such huge budget means they have a robust plans to finance, with the hope that whatever plans they are financing will bring a revenue greater than the budgeted plan.

Compared to other states, how many others usually have such budget for the new year?

More reason why Lagos no be anybody mate. Because I don’t understand why you asked me to read up the meaning of budget.

You mean a paltry 3 billion dollar budget for a state of 20million inhabitants is huge? cheesy...some of you are just too ignorant...even Harvard university annual budget is more
Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by Haykinx98(m): 9:17am On Dec 30, 2021
[quote author=NwaNimo1 post=108919998]The Lagos State House of Assembly on Wednesday evening passed the year 2022 budget estimate with a slight increase of the grand total from the initial N1.38 trillion to N1.758 trillion.



N1.758 trillion - N1.38 trillion = N378 Billion (21% Slightly Added!)

[img]https://c./4Juk46I0DzkAAAAC/sushichaeng-faint.gif[/img]

You legit skipped the part where they said Yishawu, after the plenary, explained that the total budget size passed has addition of left overs from the previous allocations in the 2021 budget.
Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by EngrOsax(m): 9:26am On Dec 30, 2021
FarahAideed:


You mean a paltry 3 billion dollar budget for a state of 20million inhabitants is huge? cheesy...some of you are just too ignorant...even Harvard university annual budget is more

How about Edo state that's below 250Billlion Naira.

1 Like

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by Elliotwaveforec: 9:34am On Dec 30, 2021
yannisante:
How can you add almost 400 billion to a budget and describe it as a slight raise?
The reporter should be blamed; that amount isn't slight, it's huge.
Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by ofiko123(m): 9:36am On Dec 30, 2021
Nice one.. Governor babajide sanwo-olu is working..
Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by snoopz: 9:43am On Dec 30, 2021
GboyegaD:
I am surprised Obasa is still a member of the house despite the corruption levied against him.

Is his godfather, Tinubu, a joke to you?
Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by Rilwayne001: 9:55am On Dec 30, 2021
FarahAideed:


You mean a paltry 3 billion dollar budget for a state of 20million inhabitants is huge? cheesy...some of you are just too ignorant...even Harvard university annual budget is more

You are a mumu man. My comparison of Lagos being huge is with other states in Nigeria. wetin concern Lagos concern other establishements or country at all. is Lagos budget not huge compared to other states in Nigeria?

If you want to be a mumu. go your own lane. dont attack me unreasonably.

1 Like

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by Cognitivereason: 9:57am On Dec 30, 2021
OVB123:
Lagos is just a state on her own. Kudos to the largest economy in Africa.
Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by FarahAideed: 10:28am On Dec 30, 2021
Rilwayne001:


You are a mumu man. My comparison of Lagos being huge is with other states in Nigeria. wetin concern Lagos concern other establishements or country at all. is Lagos budget not huge compared to other states in Nigeria?

If you want to be a mumu. go your own lane. dont attack me unreasonably.

When you do the budget per Capita you will find out Lagos is not really better than any other state....

1 Like

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by aribisala0(m): 11:04am On Dec 30, 2021
gabicon:
It would have been nice if they outlined how they intend to fund the budget.
It would have been nice if you read the budget before talking
By definition a budget outlines exactly how it will be funded and spent.
It is a law in itself and all the details lie therein
So why not do some research before talking

1 Like

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by aribisala0(m): 11:07am On Dec 30, 2021
FarahAideed:


When you do the budget per Capita you will find out Lagos is not really better than any other state....
Meaning Lagos is the most populous state in Nigeria?
What is the population of Lagos State?

1 Like

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by FarahAideed: 11:20am On Dec 30, 2021
aribisala0:
Meaning Lagos is the most populous state in Nigeria?
What is the population of Lagos State?

21 million the last time we checked

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