In order to generate the N499.105 billion budget for this year, Governor Babatunde Fashola of Nigeria’s Lagos State has set revenue generation targets for Ministries, Departments and Agencies, MDAs.

The governor signed the budget into law in Lagos, southwest Nigeria, on Monday, saying the implementation of the budget would begin in earnest.

The Lagos Inland Revenue Service, LIRS, has the sole task of raking into government’s coffer N253.2 billion, while N16.06 billion is expected to be generated from housing and community amenities.

The Lands Bureau has been giving the target to rake into government’s purse, N12.2 billion, while the Judiciary is expected to generate N1.56 billion this year.

Also, the government is expecting N6.58 billion from transportation, out of which N1.2 billion has been allocated to the Ministry of Transportation, Motor Vehicle Administration Agency, MVAA, N4.5 billion and the Lagos State Traffic Management Authority, LASTMA, N405 million.

More, so, N3.48 billion is expected from the Ministry of Physical Planning and Urban Development, out of which the Lagos State Building Control Authority, LABCA, has been allocated N1.2 billion and the Lagos State Planning Permit Authority, LASPPA, N1.29 billion.

The Ministry of Works and Infrastructure has to generate N1.5 billion before the end of the year while that of Waterfront Infrastructure Development is expected to rake into government’s coffer, N1.5 billion.

The Ministry of the Environment is expected to generate N2.38 billion into government’s purse, while Commerce and Industry is giving a paltry N148.6 million target and Agriculture and Cooperatives, N230 million.

The government also targets N1.84 billion from Public Order and Safety while N2.78 million is expected from the Ministry of Information and Strategy. The Ministry of Establishment and Training is expected to rake in N117.6 million.

The Ministry of Finance has been allocated N4.5 billion to generate this year. While N605 million is expected from the State Treasury Office, STO, N59 billion is expected from the Federal Government as statutory allocation and N58 billion from Value Added Tax, VAT.



http://pmnewsnigeria.com/2013/01/07/fashola-sets-revenue-targets-for-ministries/

Economic discipline.

Nice one.

So these agencies make this much money? This a good effort; instead of waiting on that irresponsible federal government.