Sanwo-Olu Plans Over ₦2 Trillion 2024 Budget by Gajagojo: 10:21pm On Dec 08, 2023 |
The Lagos State Governor, Mr Babajide Sanwo-Olu, on Friday, said that the state needs at least a N7trn budget for infrastructure and basic amenities in the 2024 fiscal year.
He, however, added that he will soon present a budget of over N2trn to the state House of Assembly.
The governor, who disclosed this at the 8th Lagos Corporate Assembly, a business forum, tagged ‘Babajide Olusola Sanwo-Olu, BOS Meets with Business Community,’ held at Lagos House, Ikeja, also expressed the readiness of his administration to ensure ease of doing business in the state despite current global business challenges.
“The demands from the report gathered from Ministries, Departments and Agencies show that if we have the resources, at least N7trnwill be needed for the year 2024 budget to meet the state’s infrastructure challenges and other basic amenities. I Left Russia For Nigeria In Search Of Happiness —Skitmaker “Though we are proposing over N2trn budget size for the year 2024 to be presented to the state House of Assembly soon and we are having a demand of N7trn, our revenue is far from it.
“That’s one of the challenges we are having presently. We want to fix roads and do it correctly. We need to scale up with modern technology and put in place enduring policies. We didn’t anticipate the current inflationary rate. Our focus is on how to meet the demands of our people amidst the speculative market,” he said.
He solicited collaboration with the business community as well as the federal government to meet the demands, adding that his government was running against time, and he could not afford to fail.
“We are where we are today and if we don’t get it right here, it will have dire consequences for our country. We can have a handshake with the federal government. Mr President, in recent times, has embarked on trips abroad to canvass for investors to open up Nigeria’s economy as part of the Renewed Hope Agenda.
“We can’t give excuses; we need to work together. We are running against time. I have a political timeline I am working with. We can’t afford to fail. We will need to work together and identify the way forward. We should be able to solve some of our challenges through your ideas and submissions.
“We must let the MSMEs breathe for a sustainable economy, through friendly policies,” Sanwo-Olu said.
Speaking earlier, the Commissioner for Commerce, Cooperative, Trade and Investment, Mrs Folashade Ambrose-Medebem, stated that the corporate assembly has been a very important public-private sectors engagement platform, through which the state government and the business community interact and discuss issues that are crucial to the State’s industrial and commercial growth. “Though we are proposing over N2trn budget size for the year 2024 to be presented to the state House of Assembly soon and we are having a demand of N7trn, our revenue is far from it.
“That’s one of the challenges we are having presently. We want to fix roads and do it correctly. We need to scale up with modern technology and put in place enduring policies. We didn’t anticipate the current inflationary rate. Our focus is on how to meet the demands of our people amidst the speculative market,” he said.
He solicited collaboration with the business community as well as the federal government to meet the demands, adding that his government was running against time, and he could not afford to fail.
“We are where we are today and if we don’t get it right here, it will have dire consequences for our country. We can have a handshake with the federal government. Mr President, in recent times, has embarked on trips abroad to canvass for investors to open up Nigeria’s economy as part of the Renewed Hope Agenda.
“We can’t give excuses; we need to work together. We are running against time. I have a political timeline I am working with. We can’t afford to fail. We will need to work together and identify the way forward. We should be able to solve some of our challenges through your ideas and submissions.
“We must let the MSMEs breathe for a sustainable economy, through friendly policies,” Sanwo-Olu said.
Speaking earlier, the Commissioner for Commerce, Cooperative, Trade and Investment, Mrs Folashade Ambrose-Medebem, stated that the corporate assembly has been a very important public-private sectors engagement platform, through which the state government and the business community interact and discuss issues that are crucial to the State’s industrial and commercial growth.
The Delborough Lagos: Sanwo-Olu describes Uzochukwu as 'Nigerian role model' She said, “The T.H.E.M.E.S Plus development agenda was conceived as a comprehensive strategic document to guide the Sanwo-Olu’s administration in the areas of policy formulation, development, implementation and evaluation against set parameters, in order to aggressively transform the state to a modern economy and meet the yearnings and aspirations of all stakeholders, including the business community.
“As a responsive and responsible government, we recognise that ensuring ease of doing business is key to the state’s economic growth and development.
“This is why the administration, through the implementation of various reforms, prioritised the provision of a friendly environment that would support existing businesses while attracting more Foreign Direct Investments into the state.
“Though we are proposing over N2trn budget size for the year 2024 to be presented to the state House of Assembly soon and we are having a demand of N7trn, our revenue is far from it.
“That’s one of the challenges we are having presently. We want to fix roads and do it correctly. We need to scale up with modern technology and put in place enduring policies. We didn’t anticipate the current inflationary rate. Our focus is on how to meet the demands of our people amidst the speculative market,” he said.
He solicited collaboration with the business community as well as the federal government to meet the demands, adding that his government was running against time, and he could not afford to fail.
“We are where we are today and if we don’t get it right here, it will have dire consequences for our country. We can have a handshake with the federal government. Mr President, in recent times, has embarked on trips abroad to canvass for investors to open up Nigeria’s economy as part of the Renewed Hope Agenda.
“We can’t give excuses; we need to work together. We are running against time. I have a political timeline I am working with. We can’t afford to fail. We will need to work together and identify the way forward. We should be able to solve some of our challenges through your ideas and submissions.
“We must let the MSMEs breathe for a sustainable economy, through friendly policies,” Sanwo-Olu said.
Speaking earlier, the Commissioner for Commerce, Cooperative, Trade and Investment, Mrs Folashade Ambrose-Medebem, stated that the corporate assembly has been a very important public-private sectors engagement platform, through which the state government and the business community interact and discuss issues that are crucial to the State’s industrial and commercial growth.
https://punchng.com/sanwo-olu-plans-over-n2trn-2024-budget/ 4 Likes 1 Share
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Re: Sanwo-Olu Plans Over ₦2 Trillion 2024 Budget by DatNiggaDaz: 10:28pm On Dec 08, 2023 |
![grin](https://www.nairaland.com/faces/grin.png) Era of Bullion vans, rascality & Agberoism is here for real. Who is not satisfied should put their renewed hopelessness on Mahmud da criminal of Inec & the Nigerian court of injustice in 2027 NB: The Mods deleted my meme & left the meme of @MAGRILLS. you left his meme of labelling me a clown while you deleted ny response to him with a Zombie meme. ![grin](https://www.nairaland.com/faces/grin.png) What a life ![grin](https://www.nairaland.com/faces/grin.png) 30 Likes 2 Shares
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Re: Sanwo-Olu Plans Over ₦2 Trillion 2024 Budget by bigpicture001: 10:52pm On Dec 08, 2023 |
normal lagos noise....if true den why always cap in hand begging IMF for small loans for infrastructure...
abegi park well jare 2 Likes 1 Share |
Re: Sanwo-Olu Plans Over ₦2 Trillion 2024 Budget by federal9: 10:53pm On Dec 08, 2023 |
That money is too much oo
After 999 million, comes 1 billion
After 999 billion, comes 1 trillion
After 1 trillion, 999 billion, comes 2 trillion.
If I got 2 trillion, everybody would like to be my friend.
People who don't know me will want to know me by force. 32 Likes 1 Share |
Re: Sanwo-Olu Plans Over ₦2 Trillion 2024 Budget by Randal: 11:09pm On Dec 08, 2023 |
Nawao 3 Likes |
Re: Sanwo-Olu Plans Over ₦2 Trillion 2024 Budget by Lightway: 11:11pm On Dec 08, 2023 |
lagos the poverty center of Nigeria 4 Likes 1 Share |
Re: Sanwo-Olu Plans Over ₦2 Trillion 2024 Budget by AbuTwins: 11:12pm On Dec 08, 2023 |
Hmmm
Sanwo Olu will not fail! We will not fail! Nigeria will not fail!
All the naysayers and pessimist will fail! 13 Likes 2 Shares |
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Re: Sanwo-Olu Plans Over ₦2 Trillion 2024 Budget by Misterc(m): 11:12pm On Dec 08, 2023 |
PHZADDY1: The funny thing be say the mumu. Leodeking,Freestuffmugu and the vulturegriller na still 30k dem go dey collect ![grin](https://www.nairaland.com/faces/grin.png) And them never pay them since Tinubu take over ooooooo..... Them still dey live on campaign promises ![grin](https://www.nairaland.com/faces/grin.png) 14 Likes |
Re: Sanwo-Olu Plans Over ₦2 Trillion 2024 Budget by Ceenachi: 11:14pm On Dec 08, 2023 |
Is this country for our politicians alone ![undecided](https://www.nairaland.com/faces/undecided.png) 7 Likes |
Re: Sanwo-Olu Plans Over ₦2 Trillion 2024 Budget by GOTVee: 11:14pm On Dec 08, 2023 |
2 Likes |
Re: Sanwo-Olu Plans Over ₦2 Trillion 2024 Budget by Brendaniel: 11:15pm On Dec 08, 2023 |
For all those who fought Igbos and those who look like Igbos to get Sanwo-Olu reelected I hope you guys have share from this 2 trillion or Sanwo-Olu will give you discount on every service offered by Lagos state better than Igbo people's own if not
Sanwo-Olu no send you and doesn't need your support either, To him you are no different from the Igbo man you fought to get him reelected if not your tax and prices would have been different 7 Likes |
Re: Sanwo-Olu Plans Over ₦2 Trillion 2024 Budget by MANNABBQGRILLS: 11:16pm On Dec 08, 2023 |
Good Development. God bless Lagos State. We hope more states follow suit as long as it will benefit the masses. Any politician that aim to steal any of this funds will never witness 2024.
Nice development. From all of us @ MANNA : GOD BLESS SANWO-OLU. Lagos State : A country within a country. The State of many Firsts. God bless Lagos State.
God bless Nigeria. We Rise. kayusely70: You're very much in order! Gbamsolutely!!! Golan007:
What is true is that Lagos state is enabling environment for businesses borne about by the desire of its citizens to work and create.
This extends to the government of the state because living in the state imbibed a culture.
Another Gbamsolutely!!! 10 Likes 5 Shares
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Re: Sanwo-Olu Plans Over ₦2 Trillion 2024 Budget by MANNABBQGRILLS: 11:16pm On Dec 08, 2023 |
Wow!
That is massive!!
May this favour Lagosians 🙏
God bless Lagos State.
God bless Nigeria 🇳🇬. 8 Likes 2 Shares |
Re: Sanwo-Olu Plans Over ₦2 Trillion 2024 Budget by MANNABBQGRILLS: 11:17pm On Dec 08, 2023 |
4 Likes 2 Shares
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Re: Sanwo-Olu Plans Over ₦2 Trillion 2024 Budget by Gajagojo: 11:17pm On Dec 08, 2023 |
Quite a lot is at stake in Lagos state and Chinedu Vivour is not the man to manage it 2 Likes 1 Share |
Re: Sanwo-Olu Plans Over ₦2 Trillion 2024 Budget by MANNABBQGRILLS: 11:19pm On Dec 08, 2023 |
DatNiggaDaz: ![grin](https://www.nairaland.com/faces/grin.png)
Era of Bullion vans, rascality & Agberoism is here for real. Who is not satisfied should put their renewed hopelessness on Mahmud da criminal of Inec & the Nigerian court of injustice in 2027 6 Likes 3 Shares
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Re: Sanwo-Olu Plans Over ₦2 Trillion 2024 Budget by PHZADDY1(m): 11:19pm On Dec 08, 2023 |
[quote author= post=127388015][/quote]the real clown 1 Like |
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Re: Sanwo-Olu Plans Over ₦2 Trillion 2024 Budget by Brendaniel: 11:24pm On Dec 08, 2023 |
post=127388004:
Be careful... |
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Re: Sanwo-Olu Plans Over ₦2 Trillion 2024 Budget by Ogene001: 11:26pm On Dec 08, 2023 |
Another Owambe budget 2 Likes |
Re: Sanwo-Olu Plans Over ₦2 Trillion 2024 Budget by DeadCountry: 11:30pm On Dec 08, 2023 |
How much is that worthless naira amount in US$? Useless country. 1 Like |
Re: Sanwo-Olu Plans Over ₦2 Trillion 2024 Budget by AbuTwins: 11:30pm On Dec 08, 2023 |
post=127388004:
Changed! Na these pessimists and negative people dey vex me! 2 Likes |
Re: Sanwo-Olu Plans Over ₦2 Trillion 2024 Budget by Gajagojo: 11:30pm On Dec 08, 2023 |
Brendaniel: For all those who fought Igbos and those who look like Igbos to get Sanwo-Olu reelected I hope you guys have share from this 2 trillion or Sanwo-Olu will give you discount on every service offered by Lagos state better than Igbo people's own if not
Sanwo-Olu no send you and doesn't need your support either, To him you are no different from the Igbo man you fought to get him reelected if not your tax and prices would have been different Lagos state is not an Ibo state We are not here to discuss Iboes and their many woes So keep Ibo matters away from here We have no interest here in Iboes and their woes 15 Likes 2 Shares |
Re: Sanwo-Olu Plans Over ₦2 Trillion 2024 Budget by Ikaeniyan0: 11:30pm On Dec 08, 2023 |
Lightway: lagos the poverty center of Nigeria If Lagos is the poverty center of Nigeria, how will we now describe your state? 10 Likes |
Re: Sanwo-Olu Plans Over ₦2 Trillion 2024 Budget by BrickDevo: 11:31pm On Dec 08, 2023 |
Criminals 😁 1 Like |
Re: Sanwo-Olu Plans Over ₦2 Trillion 2024 Budget by Gajagojo: 11:32pm On Dec 08, 2023 |
Ogene001: Another Owambe budget Another disgruntled person from THERE 5 Likes |
Re: Sanwo-Olu Plans Over ₦2 Trillion 2024 Budget by Gajagojo: 11:32pm On Dec 08, 2023 |
DeadCountry: How much is that worthless naira amount in US$? Useless country. Another disgruntled person from THERE 5 Likes |