Lagos: Sanwo-Olu signs N1.17trn 2020 budget into law

Lagos: Sanwo-Olu signs N1.17trn 2020 budget into law

Lagos State Governor, Babajide Sanwo-Olu, has signed the 2020 Appropriation Bill of N1.168 trillion into law. The budget was signed on Tuesday.

The Lagos State House of Assembly had sent the slightly adjusted budget for the governor’s assent into law on Monday.

Speaking during the signing ceremony at the State House, Ikeja; Sanwo-Olu held that Lagos residents would experience a strong and prosperous economy in 2020. Further, he affirmed that the early passage of the budget by the House of Assembly showed that the state was indeed working.

‘‘Each one of us can do our work independently, and do it without fear or favour. But at the end of the day, we will all come out very well. We come out good, and we come out ensuring that we are serving Lagosians.

‘‘I think the work has just started, because this will be our very first budget to demonstrate our capacity and our competence to be able to take the narrative of our Lagos forward. This is the biggest budget. The House has actually extended N1 trillion budget before. But it’s not N1.168 trillion. So, this is actually very audacious.

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‘‘I can assure you that my colleagues are well suited. They are fired up to ensure that we perform on this budget, almost 100 per cent.

Lagos 2020 budget will be tracked 100 per cent, says Sanwo-Olu

”We are actually targeting to do well above 92 per cent and track it to 100 per cent. That is the only way we can make the House of Assembly and Lagosians happy with us,” the governor said.

Additionally, Sanwo-Olu stated that his administration would ensure that the budget was implemented with transparency and accountability. Further, he submitted that the budget will serve the interest of the greatest number; while ensuring better quality of life.

Also speaking, the Speaker, Lagos State House of Assembly, Mudashiru Obasa, said that the executive did a thorough job. He admitted that the budget did not give the Assembly much trouble.

Obasa said that the budget was a budget for all; even as he noted that it touched all the sectors and every individual had something to get out of it.

‘‘So, it really gladdens our hearts to give every support to see that this budget sees the light of the day. As I said when Mr Governor presented the budget before the Assembly; it is going to be a New Year gift to Lagosians. We are glad; we have been able to maintain that stand.

‘‘Where I look forward to, most especially all the members of the executive council; is the area of the revenue. For whatever we have proposed, whatever we have agreed, for whatever we have given back into; we need this money to solve these purposes.

‘‘That means you have a lot to do. This will be the second time we have proposed N1 trillion budget. I think we want to make this the first time that we achieved that proposal.’’

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