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Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law - Politics - Nairaland

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Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law by akelicious(m): 6:28pm On Dec 31, 2019
Lagos State Governor, Mr Babajide Sanwo-Olu, on Tuesday, signed the 2020 Appropriation Bill of N1.168 trillion into law.
The Lagos State House of Assembly had on Monday, after consideration, passed the slightly adjusted budget size for governor’s assent into law.

Speaking during the signing ceremony at the State House, Ikeja, Sanwo-Olu said that Lagos residents would experience a strong and prosperous economy in 2020.


He said that the early passage of the budget by the House of Assembly showed that the state was indeed working.

”Each one of us can do our work independently, and do it without fear or favour. But at the end of the day, we will all come out very well, we come out good, and we come out ensuring that we are serving Lagosians.

”I think the work has just started, because this will be our very first budget to demonstrate our capacity and our competence to be able to take the narrative of our Lagos forward.

”This is the biggest budget. The House has actually extended N1 trillion budget before, but it’s not N1.168 trillion. So, this is actually very audacious.

”I can assure you that my colleagues are well suited and they are fired up to ensure that we perform on this budget, almost 100 per cent.

”We are actually targeting to do well above 92 per cent and track it to 100 per cent, that is the only way we can make the House of Assembly and Lagosians be happy with us,” the governor said.

He said that his administration would ensure that the budget was implemented with transparency and accountability.

According to him, the budget will ensure that it serves the interest of the greatest number and that it will bring about ensuring better quality of life.

The Speaker, Lagos State House of Assembly, Mudashiru Obasa, said that the executive did a thorough job, as the budget did not give the Assembly much trouble.


Obasa said that the budget was a budget for all, as it touched all the sectors and every individual had something to get out of it.

”So, it really gladdens our hearts to give every support to see that this budget sees the light of the day.

”As I said when Mr Governor presented the budget before the Assembly that it is going to be a New Year gift to Lagosians, and we are glad; we have been able to maintain that stand.

”Where I look forward to, most especially all the members of the executive council, is the area of the revenue. For whatever we have proposed, whatever we have agreed, for whatever we have given back into, we need this money to solve these purposes.

”And that means you have a lot to do. This will be the second time we have proposed N1 trillion budget and I think we want to make this the first time that we achieved that proposal.

”So, I am urging you all to make sure you rise up to your responsibilities and make sure that every leaking holes within the MDAs are blocked so that we can achieve this,” he said.

The Chairman, House Committee on Budget and Economic Planning, Gbolahan Yishawu, said that the Executive brought forth the 2020 budget in good time.

Yishawu said that the House Committee members worked round the clock to ensure the budget was passed in line with the directive of the Speaker.

”During the budget defence, members of the cabinet were cooperative and provided required insights that led to the speedy completion of the work,” he said.

The chairman said that the details of the budget spoke to the developmental agenda of the governor.

The Commissioner for Economic Planning and Budget, Mr Sam Egube, said that the speedy passage of the budget was not without challenges and disagreements.

Egube said that the acceleration of the process indicated cooperation and smooth working relationship between the executive and the legislature.

He said that the signing of the budget set the tone on how the government would be driven in 2020.
https://www.akelicious.net/sanwo-olu-signs-n1-17trn-2020-budget-into-law/

7 Likes 1 Share

Re: Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law by uzohrome(m): 6:35pm On Dec 31, 2019
LAGOS is moving ahead and making massive impact to infrastructure and its population.

Tinubu sets a target and his boys follow the foundation that has been laid down.

46 Likes 1 Share

Re: Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law by Officialgarri: 6:36pm On Dec 31, 2019
APC has produced the best candidates since 2015...

11 Likes

Re: Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law by Osaze007: 6:42pm On Dec 31, 2019
I expect some bitter comments from a particular set of people

At Lagos 1.2trn
It’s larger than an entire regions budget grin

39 Likes 1 Share

Re: Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law by Ajibel(m): 6:46pm On Dec 31, 2019
I was expecting this to happen so quickly after the lagos house passed it yesterday.

What i am looking out for now is the budget breakdown for monitoring and transparency.

Now Mr. Governor and his team can get to work immediately by Jan 1st for the greater lagos aspirations

14 Likes 2 Shares

Re: Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law by Ajibel(m): 6:48pm On Dec 31, 2019
uzohrome:
LAGOS is moving ahead and making massive impact to infrastructure and its population.

Tinubu sets a target and his boys follow the foundation that has been laid down.

The almighty lagos master plan. A cheatsheet for any lagos state governor who wants to leave a lasting legacy.

3 Likes 1 Share

Re: Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law by Moustache: 6:50pm On Dec 31, 2019
Lagos is definitely ahead




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Re: Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law by Nobody: 6:51pm On Dec 31, 2019
Please sanwo fix lagos traffic, journey of 10 mins now takes 45- 1 hour in some areas in Lagos.

6 Likes

Re: Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law by All2Gists: 6:51pm On Dec 31, 2019
For what
Re: Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law by Roon9(m): 6:51pm On Dec 31, 2019
Jesus! How many zeroes is that grin



Call for our 250,000mAH lithium-ion solar powerbank that could power your TV, laptop, and up to 4 lighting points for up to 10 hours daily

3 Likes

Re: Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law by fatymore(f): 6:51pm On Dec 31, 2019
Good

I had a last minute surprise.


I passed my ICSAN F.A exam with Merit kiss


Happy New year People

46 Likes 2 Shares

Re: Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law by guru90: 6:52pm On Dec 31, 2019
Other states budgets end at billions

But Lagos own ended at Trillions

Chai!!!!

23 Likes 2 Shares

Re: Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law by franchasng: 6:52pm On Dec 31, 2019
Most of the budget will be funded by foreign borrowed loan, not bad though cool



The worst part of it all is that 30% or more of this budget will go to the pocket of one man and he will bring out like 10 million to share to the youths and market women and they will hail him as a kind and generous man who helps the poor.


Meanwhile, the projects meant to be executed to make Lagos a great city will be managed till another 4 years finishes and the cycle continues yet the youths are satisfied with this mediocre, it is well

33 Likes 4 Shares

Re: Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law by donprinyo(m): 6:52pm On Dec 31, 2019
Confirm, tinubu for de president money is ready

1 Like 2 Shares

Re: Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law by Onlinealaba(m): 6:52pm On Dec 31, 2019
Lagos a country Inside a country, progressive Lagos..eko Oni baje cool

5 Likes

Re: Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law by tmphoto(m): 6:53pm On Dec 31, 2019
Same old shit
Re: Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law by Nobody: 6:53pm On Dec 31, 2019
what else?
Re: Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law by guru90: 6:53pm On Dec 31, 2019
Officialgarri:
APC has produced the best candidates since 2015...

The ends justify not the beginning brother....
Re: Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law by DonFreshmoney(m): 6:54pm On Dec 31, 2019
N200BILLION of the budget would go to the frog face in bourdillion... Corrupt afonja

10 Likes

Re: Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law by ebuk4real(m): 6:54pm On Dec 31, 2019
grin grin

I hope it's used sorely for Lagos infrastructure and not for settling godfathers o ...

1 Like 1 Share

Re: Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law by West2019(m): 6:55pm On Dec 31, 2019
blood of Jesus Christ T not even B nawoa Lagos state Government can feed good five African country .

2 Likes

Re: Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law by techstack: 6:56pm On Dec 31, 2019
When are they fixing Ajao estate roads

1 Like

Re: Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law by Sammy07: 6:59pm On Dec 31, 2019
fatymore:
Good

I had a last minute surprise.


I passed my ICSAN F.A exam with Merit kiss


Happy New year People

ICAN you mean?
Re: Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law by BlackSeptember: 6:59pm On Dec 31, 2019
Tinubu will pocket the 1 trillion while Lagos will get the remaining 17billion

8 Likes 1 Share

Re: Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law by Coldie(m): 7:02pm On Dec 31, 2019
V
Re: Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law by fatymore(f): 7:03pm On Dec 31, 2019
Sammy07:


ICAN you mean?

Institute of Chartered Secretaries and Administrators of Nigeria wink

4 Likes

Re: Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law by YungMillionaire: 7:08pm On Dec 31, 2019
o boi see level Lagos is operating on a trillion level...chai...states are not the same.

2 Likes

Re: Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law by valuedammy(m): 7:10pm On Dec 31, 2019
I don't want to know the project they want to use this money to execute, these people are rogues.
Re: Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law by Lagosfinder(m): 7:10pm On Dec 31, 2019
Lagos to the world

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