Speaker of the Lagos State House of Assembly, Hon. Adeyemi Ikuforiji, has said that the early passage of the 2012 budget of the state by the House will enable Governor Babatunde Fashola and his team to get cracking very early in the new year, especially with construction activities.
He stated this on Thursday after the House passed the 2012 Appropriation Bill presented to it by the governor on November 24.
The sum of N491.827 billion was approved by the House as the total budget size for year 2012 which is about N6billion more than the N485.292 billion presented to the lawmakers by the governor in November.
The governor requested for the additional sum of N6billion for the hosting of the 18th edition of the National Sports Festival in November 2012 and the execution of a major project at Isalegangan.
The total recurrent expenditure is N233.506 billion while the capital expenditure stands at N258.321billion.
The House, however, increased the subvention of the Public Works Corporation from N3.2billion to N4billion and the overhead cost of the Assembly Service Commission from N86.400million to N96,400 million.
While the sums of N612,383,191 million and N500 million were added to the overhead cost and capital expenditure of the Lagos State House of Assembly, making them N6,123,831,915 billion and N2.769 billion respectively.
The sum of N909.594,266 was deducted from other personnel cost (contingency) in the Ministry of Establishments and Training and added to the personnel cost for the Primary Health Care Board for its optimal performance in the health sector.
The lawmakers mandated the Ministry of Economic Planning and Budget to endeavour to monitor closely the usage of the dedicated revenue domiciled with some MDAs.
The relevant House committees were also directed to critically look into the accounts of the MDAs that are commercially oriented such as LTV 8, Radio Lagos/Eko FM, Lagos Printing Corporation and so on.
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Early passage of budget ‘ll facilitate development— Lagos Speaker