Lagos State: Fashola signs N489.6bn appropriation bill

Lagos-Gov.-Babatunde-Raji-FasholaThe Lagos State Governor, Mr. Babatunde Fashola on Sunday signed the state’s 2015 budget of N489,689, 869, 621 billion into law.

While signing the bill at the Lagos House, Marina, the governor said though the signing was meant to be done on Monday (today), he had to call it forward so as not to delay operation of the bill as he was billed to attend a national meeting fixed for Monday in Abuja by his party, the All Progressives Congress, APC.

According to him, signing of the budget would enable the ministries and government departments continue with their work while he is not around.

He described the ceremony as solemn and very important, even as he said the budget was an article of faith by any government.

“We are a government that is open to plan, part of the planning is for government to set the budget for the beginning of the year,” he said, adding that Lagos is the second state to sign the document after Ogun State.

The 2015 budget is made up of N241, 977 billion as recurrent expenditure and capital expenditure of N247, 713 billion.

Works and Infrastructure got the highest vote of N72.250 billion, followed by education with N52.09 billion. Health, which came third, was allocated N32.4 billion instead of N37.81 billion or 7.72 per cent it received in 2014.

Environmental protection received N22.76 billion. Housing got N28.67 billion, while the House of Assembly was allocated N8.7 billion.

Information and Strategy got N2.4 billion, while agriculture was allocated N2.17 billion. The House also approved a budget of N21.4 billion for Commerce and Industry as against N3.94 billion given to science and technology. The state’s transport sector was given N27.8 billion and Judiciary was allocated N3.44 billion. -NationalMirror

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