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Budget Of Consolidation: Sanwo-olu Presents N1.388tn Budget To Lagos Assembly - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Budget Of Consolidation: Sanwo-olu Presents N1.388tn Budget To Lagos Assembly (7066 Views)

2022 Will Be A Season Of Consolidation, Sanwo-Olu Assures Lagosians / Oyetola Presents N1.13bn Bond Certificate To 189 Retirees In Osun / Cross River Governor Presents N1.043 Trillion Budget Estimates For 2019 (2) (3) (4)

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Re: Budget Of Consolidation: Sanwo-olu Presents N1.388tn Budget To Lagos Assembly by gasparpisciotta: 10:25am On Nov 25, 2021
Dsalvo:


Youre right, but any honest and pragmatic town planner will tell you that no matter the quality, roads are not meant to deal with the volume of vehicular traffic Lagos experiences daily.

We are swimming against the tides focusing on roads alone. What is needed is fast-tracking of the rail metro system to decongest roads urgently.

More efforts can indeed be made on roads but it will always be a case of one step forward and two steps backwards if we dont urgently provide alternative transport to vehicle usage.

https://lagosstate.gov.ng/blog/2019/08/29/transport-commissioner-says-over-1-6m-vehicles-ply-lagos-roads-daily/




shocked shocked shocked

Inner city roads are under the local government, they should funded and monitored
Re: Budget Of Consolidation: Sanwo-olu Presents N1.388tn Budget To Lagos Assembly by Nobody: 10:42am On Nov 25, 2021
gasparpisciotta:


Inner city roads are under the local government, they should funded and monitored

Local Governments are corrupt no doubt but they do not have money to complete the number and quality of roads and associated drainage required.

We use vehicles too much and are too reliant on roads.
Re: Budget Of Consolidation: Sanwo-olu Presents N1.388tn Budget To Lagos Assembly by gasparpisciotta: 11:26am On Nov 25, 2021
Dsalvo:


Local Governments are corrupt no doubt but they do not have money to complete the number and quality of roads and associated drainage required.

We use vehicles too much and are too reliant on roads.

What about the funding part?
Re: Budget Of Consolidation: Sanwo-olu Presents N1.388tn Budget To Lagos Assembly by Nobody: 1:23pm On Nov 25, 2021
gasparpisciotta:


What about the funding part?

Do you mean how will Lagos fund alternatives to road transport?
Re: Budget Of Consolidation: Sanwo-olu Presents N1.388tn Budget To Lagos Assembly by Nobody: 1:36pm On Nov 25, 2021
masseratti:
What the hell is Lagos State Government doing with a recurrent expenditure of 44% for God's sake? It's way too much.


Not ideal but quite good in Nigeria where most States run budget heavily bloated towards recurrent expenses.

Don't have the Stats for last year but likely only a few Nigerian State will have budgets with capital spending significantly greater than recurrent expenditure. Majority of Nigerian States are inefficient, unproductive and unwieldy.

1 Like

Re: Budget Of Consolidation: Sanwo-olu Presents N1.388tn Budget To Lagos Assembly by Nobody: 1:42pm On Nov 25, 2021
ReubenE:
Lagos should take packing of dirt more seriously. The habit of people dumping heap of refuse around major roads is worrisome.



Again, LASTMA and area boys menace should be looked into. I wonder why government has not shown any concern despite the several complaints about these notorious LASTMA officials and their unofficial brothers; agberos

Repair of feeder roads should be looked into as well. Most of them are in terrible condition.

God bless Lagos

You're right but the average Nigerian is dirty and wilfully irresponsible as per the need to play their own part keeping our roads, gutters and public space clean and litter-free.

The irresponsible littering habit of Lagosians plays a big part in what you see.

2 Likes

Re: Budget Of Consolidation: Sanwo-olu Presents N1.388tn Budget To Lagos Assembly by gasparpisciotta: 1:55pm On Nov 25, 2021
Dsalvo:


Do you mean how will Lagos fund alternatives to road transport?

I mean if local governments are well funded and adequately monitored, inner city roads under their direct portfolio will be fixed. Same goes for state and federal.
Re: Budget Of Consolidation: Sanwo-olu Presents N1.388tn Budget To Lagos Assembly by Nobody: 6:10pm On Nov 25, 2021
gasparpisciotta:


I mean if local governments are well funded and adequately monitored, inner city roads under their direct portfolio will be fixed. Same goes for state and federal.

Certainly a valid statement but at federal and State level, Nigeria would still not have enough to fund infrastructure optimally even if we do not have the massive looting seen today.

We need a lot more money then we myopically limit ourselves to making because we won't diversify the economy away from depence on oil income.

The figures are definitive and precise. They show what we are facing that the average Nigerian may not appreciate.

Our last National budget was approved for $35.66 billion dollars.
https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUKJ8N2D2012

Yet we need, conservatively, at least $1.5 trillion dollars to appreciably bridge our infrastructure deficit over ten years.

https://guardian.ng/news/nigeria-needs-1-5trn-to-bridge-infrastructure-gap-in-10-yrs-buhari/

1,000 billion dollars = 1 trillion dollars. We are still budgeting circa 35 billion dollars a year to cover Nigeria's national spending.

With 1.5 trillion dollars needed to provide optimal infrastructure in 10 years then you can appreciate that even if every kobo Nigeria makes is deployed towards infrastructure then the shortfall would still be monumental.

A drop in the ocean that means the adequate local government, state and federal roads, drainage and even rail networks we all want to see will never materialize.

This is why PPP funding model (public private sector partnership) is on the lips of all analysts universally in relation to Nigeria's situation.
Re: Budget Of Consolidation: Sanwo-olu Presents N1.388tn Budget To Lagos Assembly by Nobody: 6:11pm On Nov 25, 2021
gasparpisciotta:


I mean if local governments are well funded and adequately monitored, inner city roads under their direct portfolio will be fixed. Same goes for state and federal.

Certainly a valid statement but at federal and State level, Nigeria would still not have enough to fund infrastructure optimally even if we do not have the massive looting seen today.

We need a lot more money then we myopically limit ourselves to making because we won't diversify the economy away from dependence on oil income.

The figures are definitive and precise. They show what we are facing that the average Nigerian may not appreciate.

Our last National budget was approved for $35.66 billion dollars.
https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUKJ8N2D2012

Yet we need, conservatively, at least $1.5 trillion dollars to appreciably bridge our infrastructure deficit over ten years.

https://guardian.ng/news/nigeria-needs-1-5trn-to-bridge-infrastructure-gap-in-10-yrs-buhari/

1,000 billion dollars = 1 trillion dollars. We are still budgeting circa 35 billion dollars a year to cover Nigeria's national spending.

With 1.5 trillion dollars needed to provide optimal infrastructure in 10 years then you can appreciate that even if every kobo Nigeria makes is deployed towards infrastructure then the shortfall would still be monumental.

A drop in the ocean that means constant electricity and the adequate local government, state and federal roads, drainage and even rail networks we all want to see will never materialize.

This is why PPP funding model (public private sector partnership) is on the lips of all analysts universally in relation to Nigeria's situation. It is the only way to fund development with our economic reality and limitations.
Re: Budget Of Consolidation: Sanwo-olu Presents N1.388tn Budget To Lagos Assembly by Akhee: 5:17pm On Dec 04, 2021
Kunlelee:
maybe you mean Ikuforiji because this is just obasa second tenure as speaker.
Okay

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