Lagos Assembly Approves 499.105bn as 2013 Budget

29 Dec 2012

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Lagos State House of Assembly

By Femi Durojaiye

The Lagos State House of Assembly Friday approved a total sum of N499.105 billion for 2013 budget as against the N477.277 billion presented by the state Governor, Babatunde Fashola on October 31.

The budget was passed at plenary session after adopting the Appropriation Committee report and taking the third reading of the bill.

Of the amount budgeted, N229,729 billion is for recurrent Expenditure, while the sum of N269.376b goes for Capital Expenditure.

The budget as approved by the House shows an increase of about N2 billion from what the governor submitted to the Assembly.

The House increased the allocation to some Ministries, Departments and Agencies (MDAs) which they said had inadequate allocation in the original presentation to meet up with the demands of their operations.

Some of the benefiting MDAs are: Lagos State House of Assembly; Lagos State House of Assembly Service Commission (LAHASCOM); Lagos Internal Revenue Service; (LIRS) Lagos State Independent Electoral Commission (LASIEC) and Office of the Auditor General for Local Governments amongst others.

The House in its recommendations however admonished the Ministry of Establishment, Training and Pensions to speed up compilation on subventions required by all tertiary institutions in the state for their improved performance.

The House also urged its Committee on Economic Planning in conjunction with sub-committees of the House to conduct quarterly appraisal of the year 2013 approved budget performance of the MDA's.

The passed budget has however been sent to Governor for his assent.

Tags: Politics, Nigeria, Featured, Lagos Assembly, 2013, Budget

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