Lagos State Governor, Mr. Babatunde
Fashola has put the blame of the
shortfall in the state budget
performance on delays in the
remittances of Federal Account
Allocation Committee (FAAC).
Fashola, who said this while fielding
questions from journalists shortly
after reviewing the third quarter
budget performance of the state
government, added that the state
government budget recorded 70
percent performance.
He said: “There is a lot of work that
have been completed, but we have
not paid for. The core reason for that
is the revenue shortfall we have been
experiencing and delay in revenue
that is coming from the Federal
Government.
“This includes delay in the
remittances of Federal Account
Allocation Committee (FAAC)
allocations and lack of agreement on
Nigeria National Petroleum
Corporation (NNPC) accounts at the
FAAC meetings. I think over two
months now (between August and
September), the FAAC payment did
not come on time.”
The governor pointed out that the
reasons being given for the delays in
federal allocations to the states
raises so many fundamental
questions, “saying, If we are reporting
some of the excuses that we heard,
400,000 barrels of oil is being stolen.
The story does not change.
According to him: “Some of the
questions really are: Is it a fixed
amount of oil being stolen every
month? Even if oil thieves do not
change, is it still the same amount?
We need to look at this thing more
rigorously.
Dwelling on the budget
implementation he added that the 70
per cent performance is a slight deep
in the overall aggregate of 72 per cent
mid-year review to 71 per cent.
He said: “It is a larger deep from 83
per cent for the second quarter,
standing alone to 70 per cent for the
third quarter standing alone. By and
by, we focus on the positive side.
“What is positive here is that what we
report as budget performance is the
combination of work done and
payment made.
“On a positive note, I am happy to
report that most infrastructure
projects are making progress. Roads
are being completed in Epe, Ajah,
Agege and Ajao. The Ajao link bridge
has been completed now. We have
completed the Iju road by-pass from
Capitol Road. Road works are
ongoing inside Ikeja GRA, already
approaching completion.
source: http://sunnewsonline.com/new/national/fashola-blames-delay-budget-implementation-lagos-faac/

somebody,persons or body must be blame for that..so am not surprised that he choose FAAC

i dey laughhhhhhhhhhhhhh, were are all those apc noisemakers claiming 30billion igr, lagos doesnt need oil money, this and that. if fash dey complain wetin fayemi, amosun and aregbe bushman go do. opono oshi