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COVID-19: We Won’t Sack Workers — Lagos - Politics - Nairaland

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COVID-19: We Won’t Sack Workers — Lagos by jarawa: 2:02pm On May 22
The Lagos State Executive Council yesterday approved the revision of the state’s 2020 budget from N1,168.6bn earlier approved by the state House of Assembly in December 2019 to N920.5bn.

The review was in response to the Coronavirus pandemic which has triggered global economic downturn. According to the state Commissioner for Economic Planning and Budget, Mr. Sam Egube, the review represents 21 percent reduction in the previous estimate. While briefing newsmen at the state secretariat Alausa, the Commissioner explained that the COVID-19 pandemic has metamorphosed into economic pandemic which has necessitated the “reordering” of the budget.

The reviewed budget is expected to be transmitted to the state House of Assembly for consideration and approval. The commissioner was however quick to allay fears of civil servants, assuring that the government would not sack any worker as the personnel cost remains the same. The state government which relies mostly on internally generated revenue expects a drop in revenue by 24 per cent due to the slow down in economic activities occasioned by the COVID-19 pandemic.

He gave the proposed breakdown of the revised budget as follows; the Total Budget Size is reduced by 21% from N1,168.562bn to N920.469bn with the Financing Deficit increasing slightly by 11% from N97.533bn to N108.005bn. Recurrent Expenditure (Debt and Non-Debt) declines by 10% from the initial N457.529bn to N411.608bn and Total Capital Expenditure is reduced by 28% from N711.033 to N508.861.

Egube explained that the first quarter of Y2020 recorded a budget performance of 56% (N163.2Bn); which is higher than the 68% (N148.3bn) recorded for the same period in 2019.

The Commissioner listed some of the factors that necessitated the budget review to include fall in crude oil prices “with deleterious effects on statutory allocation expectations, downward pressure of IGR, devaluation of the Naira and reduced public and private investment.”

Other factors he listed included increased inflation, decline in demand for goods and services and reduction in manufacturing activities, which he said portends lower GDP growth and Increased unemployment.

According to him, the state would also create a stabilization fund of one percent of yearly IGR to support the state during future emergencies.

The government as part of the stabilization drive would dedicate N620m on job initiatives and another N385m for digital skills initiatives, the Commissioner said, adding that there would be business environment reform and promotion of ease of doing business.

He explained that with the Strong Pandemic Response, the state government will engender food security and safety net mechanism, economic stimulus, and ensure public safety and wellbeing.

Source: https://www.dailytrust.com.ng/covid-19-we-wont-sack-workers-lagos.html

2 Likes

Re: COVID-19: We Won’t Sack Workers — Lagos by Renida: 2:04pm On May 22
Pay them attractive incomes abeg

6 Likes 2 Shares

Re: COVID-19: We Won’t Sack Workers — Lagos by Airforce1(m): 2:09pm On May 22
Don't
Re: COVID-19: We Won’t Sack Workers — Lagos by EgusiSoup: 3:24pm On May 22
This APC government has been a disgrace so far. The PDP did better when they rule lagos. We pray for GEJ to reserve our apologies and rerun in 2023 so we can collect this mistake cos I really does not knows the head way we are actually going to with this APC government that govern as if the battle life is drew between them and the citizens like what is happening at Rivers State. �

8 Likes 2 Shares

Re: COVID-19: We Won’t Sack Workers — Lagos by happyeaster042: 3:25pm On May 22
Renida:
Pay them attractive incomes abeg
Re: COVID-19: We Won’t Sack Workers — Lagos by TreasureTayo(m): 3:25pm On May 22
Good
Re: COVID-19: We Won’t Sack Workers — Lagos by YorubaKinging: 3:25pm On May 22
We will see about that
Re: COVID-19: We Won’t Sack Workers — Lagos by DenreleDave(f): 3:25pm On May 22
Nice one Lagos No 1 in Nigeria and Africa. Proud Oduduwa Land


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7 Likes 1 Share

Re: COVID-19: We Won’t Sack Workers — Lagos by Sheuns(m): 3:25pm On May 22
Were they contemplating it before?
Re: COVID-19: We Won’t Sack Workers — Lagos by farem: 3:25pm On May 22
Good!
Re: COVID-19: We Won’t Sack Workers — Lagos by Decolonel(m): 3:26pm On May 22
Lagos is a country inside Nigeria. These guys are operating on another level. Eko ni baje

7 Likes

Re: COVID-19: We Won’t Sack Workers — Lagos by jikjimmy: 3:26pm On May 22
You do well oga…… Tinubu is injecting you well

1 Like

Re: COVID-19: We Won’t Sack Workers — Lagos by Chrisdre: 3:26pm On May 22
cry
Re: COVID-19: We Won’t Sack Workers — Lagos by philipstanley(m): 3:26pm On May 22
Better
Re: COVID-19: We Won’t Sack Workers — Lagos by Kemimarch16(f): 3:26pm On May 22
Nice one
Re: COVID-19: We Won’t Sack Workers — Lagos by Righteousness89(m): 3:26pm On May 22
That's Encouraging

4 Likes 1 Share

Re: COVID-19: We Won’t Sack Workers — Lagos by Carloslehder: 3:26pm On May 22
Like you have a choice
Re: COVID-19: We Won’t Sack Workers — Lagos by careytommy37(m): 3:27pm On May 22
Yinmu
Re: COVID-19: We Won’t Sack Workers — Lagos by Nobody: 3:28pm On May 22
shocked
Re: COVID-19: We Won’t Sack Workers — Lagos by 900warriorz(m): 3:29pm On May 22
grin
Re: COVID-19: We Won’t Sack Workers — Lagos by lmm4real: 3:29pm On May 22
undecided
Re: COVID-19: We Won’t Sack Workers — Lagos by dammywapes(m): 3:30pm On May 22
And don’t slash their salaries

1 Like

Re: COVID-19: We Won’t Sack Workers — Lagos by styless(f): 3:31pm On May 22
huh
Re: COVID-19: We Won’t Sack Workers — Lagos by Jakemedg(m): 3:31pm On May 22
Decolonel:
Lagos is a country inside Nigeria. These guys are operating on another level. Eko ni baje
Lagos is a country inside Nigeria You are 99 percent correct

6 Likes

Re: COVID-19: We Won’t Sack Workers — Lagos by FrankAkowe: 3:32pm On May 22
Good news from Lagos.
Re: COVID-19: We Won’t Sack Workers — Lagos by MuchAdo: 3:33pm On May 22
Ese
Re: COVID-19: We Won’t Sack Workers — Lagos by INTEGRITYA1(m): 3:33pm On May 22
Center Of Excellence, Eko o ni ba je.

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2 Likes

Re: COVID-19: We Won’t Sack Workers — Lagos by wink2015: 3:33pm On May 22
LAGOS DEVELOPMENT ENDED WITH EX-GOVERNOR AKINWUNMI AMBODE.

Governor Sanwo Olu has not done much as per development and infrastructure since he came on board.

Some people may argue that it is due to COVID 19 which the governor had been pre-occupied with.

I do not know.

I am still watching him.

2 Likes

Re: COVID-19: We Won’t Sack Workers — Lagos by Gander: 3:33pm On May 22
EgusiSoup:
This APC government has been a disgrace so far. The PDP did better when they rule lagos. We pray for GEJ to reserve our apologies and rerun in 2023 so we can collect this mistake cos I really does not knows the head way we are actually going to with this APC government that govern as if the battle life is drew between them and the citizens like what is happening at Rivers State. �
Pass me that weed bro

7 Likes 1 Share

Re: COVID-19: We Won’t Sack Workers — Lagos by miketayo(m): 3:35pm On May 22
EgusiSoup:
This APC government has been a disgrace so far. The PDP did better when they rule lagos. We pray for GEJ to reserve our apologies and rerun in 2023 so we can collect this mistake cos I really does not knows the head way we are actually going to with this APC government that govern as if the battle life is drew between them and the citizens like what is happening at Rivers State. �

When did PDP rule Lagos?

4 Likes

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