UPDATE: Governor of Lagos State, Mr @jidesanwoolu today signed the 2021 Appropriation Bill into Law... The Budget of REKINDLED HOPE.

TOTAL: N1,163,522,210,717.00

CAPITAL: N702,935,416,976

RECURRENT: N460,586,793,741

Capital - Recurrent ratio (60:40)

#ForAGreaterLagos https:///HFMJjqS0hg

Tabithatim:

https://twitter.com/Mr_JAGss/status/1344699113674305537?s=19

seunmsg:
For a state that has the 5th largest economy in Africa and with over 20million people to cater for, N1.16trillion budget is barely enough.

sammyj:
The governor should let us know how much Alpha beta will be getting from the largest!! If you know you know Happy new year to you all

tplayer:


I ain't going to praise Sanwo-Olu for having d largest state budget until I see d one from my man Prof Ayade in Cross River

tunapawizzy:

This one na summary. Show the breakdown. How much of that budget will be funded by debt. How much of that budget will go into debt servicing. What percentage of that budget will be executed. This way, the people will monitor it every step of the way. The government should not feel the whole 1.1trillion is coming into the economy of Lagos state. How much are you going to mandate LAMATA to generate so they can start raising fares

tunapawizzy:

The size of a budget is even nothing if execution and critical elements of that budget is not top notch...see size of naija budget see size of Rwanda budget, see growth rate

tplayer:


Same thing with Nigeria.GDP is low despite a large population. One big reason is inefficiency caused by a variety of factors. One big one is X-inefficiencies: e.g social customs, ignorance about efficient methods of production, corruption etc.

tplayer:


Sarcasm with Cross River budget.

seunmsg:



Lagos is actually being cheated by the rest of the federation. If I’m the governor of the state, I will start a campaign to extend the 13% derivation benefits to all revenue generating sources and not oil and gas alone.

What is the justification for giving oil producing states 13% of revenue generated from oil while denying Lagos state the same benefit from revenue generated from CIT, VAT, Custom duties and other tax revenues that goes into the federation account? It is an extremely unfair policy that needs to be changed as part of the restructuring we are advocating for.

tunapawizzy:

Oil producing states keep losing their farmlands and source of livelihood to oil exploration activities. Importantion n Custom activities makes lagos state more vibrant and creates an avenue for more funds to be generated.

tplayer:


I ain't going to praise Sanwo-Olu for having d largest state budget until I see d one from my man Prof Ayade in Cross River