By Olasunkanmi Akoni, Ebun Sessou & Monsur
Olowoopejo

Lagos—Governor Babatunde Fashola of Lagos State
yesterday presented a 2015 budget proposal of
N489.69 billion to the state house of assembly for
consideration.

The amount was the same as that of 2014.
The breakdown shows that education got N82.11
billion or 16.6 per cent as against N77.42 billion or
15. 81 per cent recorded in 2014.

Environmental protection got a vote of N34.95 billion or 7.1 per cent instead of N39.72 billion or 8.11 per cent it was allocated in 2014.

Recreation, culture and religion got N3.12 billion or
0.6 per cent as against N3.48 billion or 0.71 per cent in 2014.

Housing and community amenities got N49.03 billion or 10 per cent as against N50.54 billion or 10.32 per cent in 2014, while health was allocated N44.62 billion or 9.1 per cent instead of N37.81 billion or 7.72 per cent it was voted in 2014.

Public order and safety got N15.55 billion or 3.2 per
cent instead of N17.98 billion or 3.67 per cent it got
in 2014, while social protection recorded N1.59
billion or 0.3 per cent as against N2.47 billion or 0.50 per cent in 2014.

Fashola said that the budget size was retained in
order to keep zero deficits for the incoming
government.

Fashola will be leaving office in May 2015 after
completing two terms.
“We have retained the same budget size of 2014 to
keep zero deficits.
“This will give the administration the room to start
up very quickly,” he said.

He said that the 2015 budget would focus on
payment of contractors’ liabilities to enable the
government to complete as many projects as
possible before handing over to the next
administration.
“For example, out of the 400 roads that we promised, we have completed over 190 in the last three years, with 210 at various advanced stages.
“The on-set of dry weather provides the opportunity
to complete all of them,” he said.

Fashola said that the government had started
compiling a list of another 400 roads that would be
handed over to the next administration for
consideration, adoption and implementation.
He said that this would help to accelerate
reconstruction of inner city roads.

The governor said that the highlight of the budget
would be settlement of outstanding pension
liabilities.
“Without consultation with the states, the Federal
Government has reviewed pensioners’ entitlements
upwards by 142 per cent without a corresponding
142 per cent upward review of states’ revenues.
“Our government’s compassion for these pensioners has weighed more heavily on our minds than the legal misfeasance of the Federal Government.
“Our government now budgets for the 142 per cent
arrears in addition to 12 per cent and six per cent
recent reviews.
“This is the least that we think these public servants deserve.
“Apart from this, our contributory pensions have
been largely up-to-date except for a few parastatals
for which we are also making provisions.
“We want to substantially reduce pension difficulties in Lagos before the next administration comes in; even if we cannot totally solve them, we intend to leave behind a sustainable plan for their final resolution,” Fashola said.

Mr Adeyemi Ikuforiji, the Speaker of the assembly,
said that when passed into law, the 2015 Budget Bill would receive strong and consistent fiscal
management.

Ikuforiji noted that Nigeria was experiencing a fall in
oil price.
“As legislatures, we recognise that some economic
externalities greatly affect socio-economic growth
and are sharp enough to influence budget re-
prioritisation,” he said.

The event had in attendance various personalities
such as the First executive Governor of the state,
Alhaji. Lateef Jakande and his deputy, Alhaja Rafiu
Jafojo.

Others were Oba of Lagos, Oba Rilwan Akiolu; All
Progressives Congress, APC, members and stalwarts led by party chieftain, Chief Henry Ajomale; Senators Anthony Adefuye and Olorunnimbe Mammora.

Lawmakers approve N2b small scale enterprises loan Earlier, the House through a resolution granted an approval to Governor Fashola to access the sum of N2 billion loan for small scale enterprises out of the N220 billion intervention fund made available for states by the Central Bank of Nigeria, CBN in
response to an earlier request from Governor Fashola.

As each state in the federation has opportunity to
access a maximum of N2 billion of which Delta state
has benefited.






www.vanguardngr.com/2014/11/fashola-presents-n489-69bn-2015-budget-proposals/

How much goes to tinubu?

babyosisi:
How much goes to tinubu?

brb. Wanna ask Azubuike.

Extractor101:


brb. Wanna ask Azubuike.

**grins** Debayo Adetunji pity your brothers, Be sensible.

Extractor101:


brb. Wanna ask Azubuike.

**grins** Debayo Adetunji pity your brothers, Be sensible.

[s]

OperationIgrigi:


**grins** Debayo Adetunj pity your brothers, Be sensible.

[/s]

Why is your hand shaking? Who the Bleep is Debayo Adetunj? Devil punish you and the debayo adetunj. Keep using guessing tactics to find out the person behind this moniker. You will guess tire. Mugun.

Extractor101:
[s][/s]

Why is your hand shaking? Who the Bleep is Debayo Adetunj? Devil punish you and the debayo adetunj. Keep using guessing tactics to find out the person behind this moniker. You will guess tire. Mugun.

It is the norm here
Hahahahaha
My " name" and the picture they dashed me dey my profile now

.