*The Lagos State House of Assembly explains the recent reordering of the 2024 Budget is sequel Governor Babajide Sanwo-Olu’s request to redistribute the budget, and boost appropriation of some Ministries, Agencies and Parastatals

Emmanuel Akosile | 绿帽献妻

The Lagos State House of Assembly (LSHA) has amended the Appropriation Law of 2024 that has a size of N2,267,976,120,869.

The LSHA affirmed its reordering of the Lagos Government’s is sequel to a letter dated August 9, 2024, which Governor Babajide Sanwo-Olu of Lagos State sent to the House of Assembly.

Eromosele Ebhomele, Chief Press Secretary (CPS) to the Speaker of the Lagos State House, in a statement, said the House gave the approval Thursday, September 5, 2024, after Hon. Lukman Olumoh, Chairman of the Committee on Economic Planning and Budget, Hon. Lukman Olumoh, at plenary had presented the report, and recommendations of the Committee which were adopted as the resolution of the House.

The House said though the total budget size remains the same, the recurrent expenditure was reduced from N952,430,566,998 in the original budget to N935,377,028,422 while the capital expenditure was increased from N1,315,545,553,871 to N1,332,599,092,448 following the reordering.

In his remarks on the resolution, Rt. Hon. Mudashiru Obasa, Speaker of the Lagos State House of Assembly, stated: “That a bill for a law to authorise the issuance and appropriation of N935,377,028,422 from the Consolidated Revenue Fund for Recurrent Expenditure and N1,332,599,092,448 from the Development Fund for Capital Expenditure thereby totalling a revised budget size of N2,267,976,120,869 for the year ending 31st December, 2024 be passed into law.”

The statement noted Hon. Obasa announced this to his colleagues, who unanimously voted in favour.

The Speaker, thereafter, directed Barr. Olalekan Onafeko, Clerk of the House, to forward a clean copy of the bill to the Governor for his assent.

It is equally noted that prior to the passage of the reordered budget, Hon. Olumoh had reminded the House that in the letter Governor sent in, the communication explained that the rationale for the request to redistribute the budget included the need to boost the appropriation to some Ministries, Agencies and Parastatals.

The letter requesting the reordering had also emphasised the need to meet the State Government’s commitments to the residents through the budget, the statement added.