2017 Budget: We’ll consolidate on our modest achievements- Ambode

Signs N812.998bn Appropriation Bill into law

Gov delivering on his promises, says Speaker

Lagos State Governor, Mr. Akinwunmi Ambode on Monday signed the N812.998bn Y2017 Appropriation Bill into Law, with a promise that it would be judiciously implemented to consolidate on the modest milestones recorded in the last 18 months and propel the State to a path of prosperity.

The Governor, who spoke at a brief but impressive ceremony, held at the Lagos House, Ikeja, said the 2017 budget, christened, “Golden Jubilee Budget” washispp administration’s contract with Lagosians to continue to build an all-inclusive economy throughout the year.

The Governor thanked the Speaker and members of the House of Assembly for their forthrightness and speedy consideration and approval of the Appropriation Bill, which he presented to the House on November 29, 2016 and was passed to Law on January 3, 2017.

He said the N812.998bn Y2017 budget was in line with the State Development Plan 2012-2025, the Medium Term Expenditure Framework for 2017-2019, based on the State’s Four Pillars of Development Plan which include: Infrastructure Development, Economic Development, Social Development and Security as well as Sustainable Environment.

Governor Ambode, while assuring that his administration would immediately hit the ground running to implement the budget, expressed optimism that the national economy would begin a path of recovery this year.

“We are encouraged by the budget performance of last year (2016) which stood at 78 per cent. Our total Capital Expenditure in 2017 will be N507.816bn while Recurrent Expenditure is estimated at N305.182bn.

“Our government is committed to prudent financial management and equitable allocation of resources for the general good and will ensure proper fiscal discipline in the implementation of this Appropriation Law,” Governor Ambode said.

While alluding to the fact that obligations and duties of citizens like tax payments have become noticeably better, self-induced and encouraging, Governor Ambode sought the cooperation and understanding of all taxpayers to successfully implement the budget, saying that government would continue to strive harder to improve service-delivery in all sectors.

“We encourage all tax payers to continue in this spirit and also take advantage of available multi-pay channels in fulfilling their civic obligations. Do not pay to touts or illegal channels. Make sure your tax payments count. We are doing everything to eliminate poor services to you,” he said.

In his goodwill message, Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, said the judicious implementation of the 2016 Budget by Governor Ambode, against all odds, has gone a long way to confirm his financial expertise.

The Speaker, who was represented at the event by the Chairman, House Committee on Appropriation, Hon. Rotimi Olowo, said many laudable projects including the construction of 114 Roads across all the local governments in the state within a year was a first in the history of Nigeria.

“That means by 2023, just in eight years, he would have done over 1,000 roads in addition to what the Ministry of Works and Public Works Corporation is doing.

"Another area that is unbeatable is the ‘Light up Lagos’, which no doubt increases the economy of our mothers and fathers. That is in tandem with Article of Faith as entrenched in the 1999 Constitution, which summarily explains that the Governor is determined and committed,” the Speaker said.

Earlier, Commissioner for Finance, Mr. Akinyemi Ashade who gave a breakdown of the budget, said a total of N507.816billion has been earmarked for capital expenditure, while N305.182billion is for recurrent expenditure making up a total expenditure of N812.998billion and an aggregate capital to recurrent ratio of 62:38.

Ashade, who is also the Commissioner overseeing the Ministry of Economic Planning and Budget, said Y2017 budget which would largely be driven by Internally Generated Revenue (IGR) made up of taxes, rates, levies and others, would be focused on continuous promotion of massive investments in security, infrastructure, transport/traffic management, physical and social infrastructural development, environment, health, housing, tourism, power, e-governance, education, agriculture and skill acquisition.

While explaining the sectoral breakdown of the budget, Ashade said a total of N141.692billion was earmarked for roads and other infrastructure, while Agriculture and Food Security got N4.795billion with Tourism and Environment getting N20.247billion and N24.031billion respectively.

A further breakdown of the budget showed that Water got N20.082billion; Housing, N50.344billion; Health, N51.447billion; Sports Development, N9.457billion; Education, N92.445billion; Commerce and Industry, N1.500billion, Wealth and Employment Creation, N6.250billion; Women Affairs, N2.193billion; Youth and Social Development, N2.698billion; Governance, N11.193billion; Science and Technology, N11.000billion; Security, Law and Order, N39.722billion, while N3.800billion was set aside for the 7.5 percent Government Share to Pension Contribution and N7.150billion for Pension Redemption Bond Fund-Shortfall.

On Transportation, Ashade said N49.077billion was earmarked for the Blue Rail Line, advancement of the 10-Lane Lagos-Badagry Expressway, construction of jetties and terminals especially for the Epe and Marina Shoreline Protection and procurement of ferries to improve on water transportation and encourage tourism, while also disclosing that attention would be paid to the expansion of BRT corridors in Oshodi-Abule-Egba, and other corridors.

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Source: http://www.trezzyhelm.com/2017/01/2017-budget-ambode-signs-n812998bn.html?m=1

Logos is really trying. The budget is much

Hmm.. Good development

Chai! The Godfather in Bourdilion is currently punching calculator, calculating his 10% share of the budget. Na for me to hustle to be godfather na be am

Dang. I really hope the Federal government can take a cue from Lagos State. Release funds on time to secure the economy of the nation's future.

Ambode should be schooling buhari on developmental leadership

Itesiwaju Eko lo je wa l'ogun.

Carry on Mr. Governor

In my own opinion, Lagos state is not suppose to be a state after the capital was transferred to Abuja. They should have made it an Annex of the countries capital or call it Nigeria's industrial capital cos I don't see what really the state govt is doing to to generate such huge money used for budget. 90% of internally generated revenue are of federal standard and comes from all parts of the country. every state imports through Lagos and they indirectly enjoy the wealth of the whole nation. So many cooperate headquarters are all in Lagos... The state govt sing praises from doing nothing to generate revenue. The revenues are federal government made.
NB: I said in my own opinion
Lagos should be industrial capital of Nigeria and should be removed from state level.

SW HAVE TWO GREAT LEADERS! ; Ambode and Fayose

AMBODE IS WORKING





WHILE



FAYOSE IS TALKING

All I see about Lagos state government is that they are always destroying people's houses and shops in the name of mega city.At the end,they will build brt parks and shops where they can be extorting from helpless Nigerians.They should explain to lagosians how they spend the billions they budget for health care,education,water,housing etc.

Wawu. While some states are struggling to pay salaries and some are still exporting ugw...

At over N65bn/month that's huge oh . . .

comshots:
All I see about Lagos state government is that they are always destroying people's houses and shops in the name of mega city.At the end,they will build brt parks and shops where they can be extorting from helpless Nigerians.They should explain to lagosians how they spend the billions they budget for health care,education,water,housing etc.

The structures are illegal in the first place

Kudos Eko

How much go reach my own pocket frm dis big monie

Beckyta coman ask for ur own share

Kkkk

rottennaija:
Logos is really trying. The budget is much

Those funds cannot be accounted for.

Ashade don chop money die.

Education has d highest share of d budget.....hope day improve d sector....both secondary and tertiary institution

Fabulosdave01:


The structures are illegal in the first place

They are not illegal.Houses and shops that they have been living and doing business for many years.If they are why did they destroy it and erect another structure there?They should have given them c of o papers to make it legal.

Compare the scene to this

We have two countries here, Lagos and Nigeria.
Ok...God bless our countries!

Bolustic:


You need to visit your ophthalmologist quickly.

Even Lagos PDP( opposition party) can see what you can't see.

I walk around bro.Do you also know that Lagos state made a declaration that they want to rehabilitate 118 roads in Lagos?Have they executed them?

hamzia:

.

Itesiwaju Eko, lo je wa lo gun.

Lagos is working..
Eko for show