Lagos—The administration of Governor Babatunde Fashola of Lagos State generated total revenue of N2.433 trillion through Federal allocation, Internally Generated Revenue, IGR and others in the last eight years.
1000-naira-notesIt also spent over N2.7 trillion in providing infrastructure and other economic needs for residents during the period under review.

Commissioner for Economic Planning and Budget, Mr. Ben Akabueze, who disclosed this yesterday, in Alausa, Ikeja at a briefing explained that the total revenue generated represents 89 percent of the total expenditure by the government.

According to him, “The total revenue generated by the administration is N2.433 trillion through Federal allocation, Internally Generated Revenue, IGR and others, representing 89 percent of the total expenditure by the government. The aggregate budgetary expenditure in the last eight years by the present administration is N2.749 trillion.”

He explained “What these translate to is that only 11 percent of the state’s expenditure has been funded from debt. Of course not all the revenue was generated through IGR. Only 59 percent (N1.4 trillion) of the budgetary expenditure was funded through IGR.”
“The government through the ministry in the last eight years certified 8, 961 projects/programmes valued at N1.132 trillion.”


Akabueze stated that the bulk of the projects were done last year, saying “the sum of N39.675 billion was issued as pre-payment certificates.”
The commissioner noted that the average budget performance over the period stood at 79 percent, adding, “the claim that the state is operating on loan is not true.”


According to him, “Average sectoral allocation of the budget from 2008 and 2015 are: General Service; 23.70 percent, Public Order and safety; 3.12 percent, Economic Affairs; 31.58 percent, Environmental protection; 8.56 percent, Housing and community amenities; 9.17 percent, Health; 7.66 percent, Recreation, culture and Religion; 1.5 percent, Education; 14.09 percent and Social protection; 0.60 percent.”



www.vanguardngr.com/2015/05/lagos-generates-n2-433trn-in-eight-years-spends-n2-7trn/

where do u guys get these key details from

The same info. the fg under Gej finds difficult to release...... .. . .

PWC revealed they dont even have a proper account. . .

Interesting figures.

Pictures of the allocated projects or..

ok so lagos is still owing me

and u guys forgot to tell us how much tinubu collected from fasola's administration as his mentor and kingpin


criminals

income is lesser than expenses....Nigeria!!!....A country whr Sh*t happens

now thats a plus

see money!!!

Leadership determines followership

I de come

.

Urinate on this land and pay #5000 fine

can I have the #change pls

I concur with the figure on ground because it translate to infrastructure we have. U need to move around lagos to see for urself. Lagos is well above other states in term of infrastructural provision. So I give kudos to fashola and his working team. That is why we voted for continuity, we can't afford to throw this development away. Eko o ni baje o

Ok

Ok

Yea,dat state get mouth die.

Interesting

APC and Th1efnubu handiwork

Interesting post.

Lagos is a progressive state others should learn from. There has been unrivaled transformation in these last eight years. Kudos to BRF's administration.

zeekz:
Lagos—The administration of Governor Babatunde Fashola of Lagos State generated total revenue of N2.433 trillion through Federal allocation, Internally Generated Revenue, IGR and others in the last eight years.
1000-naira-notesIt also spent over N2.7 trillion in providing infrastructure and other economic needs for residents during the period under review.

Commissioner for Economic Planning and Budget, Mr. Ben Akabueze, who disclosed this yesterday, in Alausa, Ikeja at a briefing explained that the total revenue generated represents 89 percent of the total expenditure by the government.

According to him, “The total revenue generated by the administration is N2.433 trillion through Federal allocation, Internally Generated Revenue, IGR and others, representing 89 percent of the total expenditure by the government. The aggregate budgetary expenditure in the last eight years by the present administration is N2.749 trillion.”

He explained “What these translate to is that only 11 percent of the state’s expenditure has been funded from debt. Of course not all the revenue was generated through IGR. Only 59 percent (N1.4 trillion) of the budgetary expenditure was funded through IGR.”
“The government through the ministry in the last eight years certified 8, 961 projects/programmes valued at N1.132 trillion.”


Akabueze stated that the bulk of the projects were done last year, saying “the sum of N39.675 billion was issued as pre-payment certificates.”
The commissioner noted that the average budget performance over the period stood at 79 percent, adding, “the claim that the state is operating on loan is not true.”


According to him, “Average sectoral allocation of the budget from 2008 and 2015 are: General Service; 23.70 percent, Public Order and safety; 3.12 percent, Economic Affairs; 31.58 percent, Environmental protection; 8.56 percent, Housing and community amenities; 9.17 percent, Health; 7.66 percent, Recreation, culture and Religion; 1.5 percent, Education; 14.09 percent and Social protection; 0.60 percent.”



www.vanguardngr.com/2015/05/lagos-generates-n2-433trn-in-eight-years-spends-n2-7trn/

Chai, so Tinubu took a quarter of a trillion naira from just Lagos (10% as tax consultant). This not adding the contracts and co. Men I dobale for the guy

Ok

When Agent of progress is ruling a state like Lagos, what do you expect.

Mr Akabueze didn't tell us how much goes to Tinubu the Boss.

If u believe this... I don't know what to tell you

Bulk of this money enters Tinubu's pocket

Zico5:
I concur with the figure on ground because it translate to infrastructure we have. U need to move around lagos to see for urself. Lagos is well above other states in term of infrastructural provision. So I give kudos to fashola and his working team. That is why we voted for continuity, we can't afford to throw this development away. Eko o ni baje o

With due respect, Ur sense of judgement is either poor or unfair! consider the economic activities in each state, the level of infrastructures inherited b4 the said administration, location of the state, federal presence, population and every other necessary criteria before ur submission.