Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 - Politics

Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 (7263 Views)

Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by hammiid(op): 10:44pm On Dec 29, 2021

The Lagos State House of Assembly on Wednesday evening passed the year 2022 budget estimate with a slight increase of the grand total from the initial N1.38 trillion to N1.758 trillion.

The budget was passed at a sitting presided over by the Speaker of the House, Mudashiru Obasa, after a presentation of the report by Chairman of the Committee on Economic Planning and Budget, Gbolahan Yishawu.

Yishawu, after the plenary, explained that the total budget size passed has addition of left overs from the previous allocations in the 2021 budget.

He said the leftover was rolled into ‘contingency fund’ in the year 2022 budget.

He also put the Capital and Recurrent Expenditure ratio at 66:34.

While the recurrent expenditure is N591,280,803,486bn, the Capital expenditure is N1.166,915,843,358trn, which brings the budget total size to N1,758,196,44,844trn.

According to him the loans, bonds and ISPO funds are captured in the budget that was passed.

Speaking after the passage of the budget, Obasa thanked his colleagues for working assiduously to ensure that the appropriation bill was passed.

While wishing them a happy New Year celebration, Obasa prayed that God would continue to keep Lagos safe.

He urged them to also remain conscious of their safety as well as the safety of their neighbours.

https://www.premiumtimesng.com/regional/ssouth-west/503147-just-in-lagos-assembly-pass-n1-758trn-2022-budget.html

1 Like 1 Share

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by Orokojasper(m): 10:51pm On Dec 29, 2021

Eko o ni baje

5 Likes

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by NwaNimo1(m): 10:52pm On Dec 29, 2021

The Lagos State House of Assembly on Wednesday evening passed the year 2022 budget estimate with a slight increase of the grand total from the initial N1.38 trillion to N1.758 trillion.

N1.758 trillion - N1.38 trillion = N378 Billion (21% Slightly Added!)

[img]https://c./4Juk46I0DzkAAAAC/sushichaeng-faint.gif[/img]

Our 'Mumu' never complete!

20 Likes 6 Shares

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by Terorislam: 10:59pm On Dec 29, 2021

I don't know why am feeling that Bola Tinubu will steal some percentage of this money, any way I reject this feelings in the name of Muhammed ameen

10 Likes 3 Shares

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by Jostoman: 11:30pm On Dec 29, 2021

Awuf money go yanpian for 2023 election

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by Bettykeys: 11:36pm On Dec 29, 2021

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by Nobody: 12:26am On Dec 30, 2021

Ibo

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by Reflect7: 12:31am On Dec 30, 2021

Roughly 5 billion dollar budget. Not terrible. But more needed.

1 Like

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by aribisala0(m): 12:34am On Dec 30, 2021

Reflect7:
Roughly 5 billion dollar budget. Not terrible. But more needed.

The budget has nothing to do with dollars it is NOT roughly $5 billion dollars. We do not spend dollars and do not operate in the same framework.

There is no way $5 billion in America will account for the same number of people or activities

whether it is petrol a haircut,taxi fare or olosho the cost schema is not the same

forget the exchange rate. It is not relevant

44 Likes 1 Share

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by BlackfireX: 12:54am On Dec 30, 2021

Barawo

Aaaaahhhh

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by NewsForYou: 1:04am On Dec 30, 2021

Terorislam:
I don't know why am feeling that Bola Tinubu will steal some percentage of this money, any way I reject this feelings in the name of Muhammed ameen

Someone said Enugu will need 1 trillion to have borehole is it true?

29 Likes 2 Shares

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by Rilwayne001: 5:00am On Dec 30, 2021

Lagos no be anybody mate

6 Likes

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by udemzeus(m): 5:03am On Dec 30, 2021

Las las we no go see light, we no go see good road, useless people

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by udemzeus(m): 5:04am On Dec 30, 2021

Reflect7:
Roughly 5 billion dollar budget. Not terrible. But more needed.

It's 2 billion dollars, and lagos cannot fix a 4,000 Sq metre land, what a Shame.

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by GboyegaD(m): 5:06am On Dec 30, 2021

I am surprised Obasa is still a member of the house despite the corruption levied against him.

16 Likes 1 Share

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by Nobody: 5:09am On Dec 30, 2021

1.7 trillion naira looks like a lot of money, till you realize it is just 4.2 billion dollars.

That's not enough for Lagos...especially when you realize it isn't all going to be spent in Lagos city alone.

Nigeria is not a rich country, and we don't do much to raise more cash from taxes, and other sources of money.

18 Likes 2 Shares

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by gender123: 5:13am On Dec 30, 2021

Money when them go still loot

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by CannibalTorment: 5:23am On Dec 30, 2021

NwaNimo1:
The Lagos State House of Assembly on Wednesday evening passed the year 2022 budget estimate with a slight increase of the grand total from the initial N1.38 trillion to N1.758 trillion.

N1.758 trillion - N1.38 trillion = N378 Billion (21% Slightly Added!)

[img]https://c./4Juk46I0DzkAAAAC/sushichaeng-faint.gif[/img]

Our 'Mumu' never complete!

You are here calculating money in Lagos, whereas as Ebonyi, Abia and Enugu are groaning under infrastructural decay and economic inviability

16 Likes 1 Share

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by hatchy: 5:23am On Dec 30, 2021

Thieves....Another money approved for the opolo eyed thief to use for his clout chasing unrealistic presidential ambition. He can only be president of our neighbouring Benin Republic.

1 Like

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by Savagecontents: 5:24am On Dec 30, 2021

In the next 10 years we will be looking at budget of quintillions

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by Tetrahedron(m): 5:26am On Dec 30, 2021

Bourdillon budget!

Budget for thieves!!

1 Like

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by jamesversion: 5:28am On Dec 30, 2021

Rilwayne001:
Lagos no be anybody mate

Budget. Read up the meaning.

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by OVB123: 5:33am On Dec 30, 2021

Lagos is just a state on her own. Kudos to the largest economy in West Africa.

5 Likes 1 Share

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by gabicon: 5:40am On Dec 30, 2021

It would have been nice if they outlined how they intend to fund the budget.

2 Likes

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by Highzyk: 6:08am On Dec 30, 2021

Good

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by Drguzzykola(m): 6:09am On Dec 30, 2021

udemzeus:
It's 2 billion dollars, and lagos cannot fix a 4,000 Sq metre land, what a Shame.

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by Nobody: 6:09am On Dec 30, 2021

Enugu budget, imo budget Abia budget, you will not see Igbo asking question o but if e don reach Lagos own dem go turn to winch, who do una

13 Likes 1 Share

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by techWriter3: 6:11am On Dec 30, 2021

I dewan surprised Obasa is still a representative of the bedroom despite the graft taxed against him.

Re: Lagos Assembly Passes ₦1.7 Trillion Budget For 2022 by danilmo: 6:14am On Dec 30, 2021

udemzeus:
It's 2 billion dollars, and lagos cannot fix a 4,000 Sq metre land, what a Shame.

Olorikpelebe. Lagos badagry express alone has over 20 flyover done this year and still counting.

Ur PDP rivers hero celebrating and keeps calling Governor's to comisionning 8 for the past 6years grin

6 Likes

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