Connect with us

News

Lagos State Governor Fashola Presents 2015 Budget Proposal of N489.69 Billion

NAN

Published

 on

Governor Babatunde Fashola - February 2014 - BellaNaija 01

Governor Babatunde Fashola of Lagos State on Monday presented a 2015 budget proposal of N489.69 billion to the state house of assembly for consideration.

The News Agency of Nigeria (NAN) reports that the amount is the same as that of 2014.

Here is a breakdown of key areas funds were allocated to:

  • Education:  N82.11 billion (or 16.6 per cent as against  N77.42 billion or 15. 81 per cent recorded in 2014).
  • Environmental protection: N34.95 billion (or 7.1 per cent instead of N39.72 billion or 8.11 per cent it was allocated in 2014)
  • Recreation, culture and religion:N3.12 billion (or 0.6 per cent as against N3.48 billion or 0.71 per cent in 2014)
  • Housing and community amenities: N49.03 billion (or 10 per cent as against N50.54 billion or 10.32 per cent in 2014)
  • Health: N44.62 billion (or 9.1 per cent instead of N37.81 billion or 7.72 per cent it was voted in 2014)
  • Public order and safety: N15.55 billion (or 3.2 per cent instead of N17.98 billion or 3.67 per cent it got in 2014)
  • Social protection: N1.59 billion (or 0.3 per cent as against N2.47 billion or 0.50 per cent in 2014)

Fashola said that the budget size was retained in order to keep zero deficits for the incoming government. He will be leaving office in May 2015 after completing two terms.

He said that the 2015 budget would focus on payment of contractors’ liabilities to enable the government to complete as many projects as possible before handing over to the next administration.

“For example, out of the 400 roads that we promised, we have completed over 190 in the last three years, with 210 at various advanced stages.

“The on-set of dry weather provides the opportunity to complete all of them,” he said.

Fashola said that the government had started compiling a list of another 400 roads that would be handed over to the next administration for consideration, adoption and implementation.

He said that this would help to accelerate reconstruction of inner city roads.

The governor said that the highlights of the budget would be settlement of outstanding pension liabilities.

“Without consultation with the states, the Federal Government has reviewed pensioners’ entitlements upwards by 142 per cent without a corresponding 142 per cent upward review of states’ revenues.

“Our government’s compassion for these pensioners has weighed more heavily on our minds than the legal misfeasance of the Federal Government.

“Our government now budgets for the 142 per cent arrears in addition to 12 per cent and six per cent recent reviews.

“This is the least that we think these public servants deserve.

“Apart from this, our contributory pensions have been largely up-to-date except for a few parastatals for which we are also making provisions.

“We want to substantially reduce pension difficulties in Lagos before the next administration comes in; even if we cannot totally solve them, we intend to leave behind a sustainable plan for their final resolution,” Fashola said.

The News Agency of Nigeria (NAN) was established by the Federal Government of Nigeria in May 1976 to gather and distribute news on Nigeria and cover events of interest to Nigeria at the international level for the benefit of the Nigerian Media and the Public.

8 Comments

  1. tee y

    November 25, 2014 at 10:49 am

    the money seems much but he knows better and if he truly uses this money to do all the things he mentioned then he”s done well. and i like that education has the highest money. it shows he really has interest for the low education system in this state and in general

  2. @edDREAMZ

    November 25, 2014 at 12:50 pm

    a.k.a EDWIN CHINEDU AZUBUKO said…
    .
    Look at money abeg… Am just wondering hw much is going in his pocket…..
    .
    .
    ***CURRENTLY IN JUPITER***

  3. abeg

    November 25, 2014 at 1:10 pm

    abeg give am it seems like he is the only one that is using his money wisely.
    They should focus on education more

  4. omoibo

    November 25, 2014 at 2:31 pm

    As much as I commend Fashola for the work he has done in Lagos, I still feel like he does the bare minimum required. For the amount of revenue generated internally by the state of Lagos & the projects he has executed, it makes me wonder were the rest of that revenue is going to & what it’s being used for because the average lagosians is still moaning & groaning due to lack of much needed infrastructures.

  5. Blessmyheart

    November 25, 2014 at 6:41 pm

    Good to see an apparent focus on education.

  6. mogaji

    December 26, 2014 at 8:00 pm

    l commend gov fashola and condemed our Lcda chairman at Agboyi ketu Lcda.l gave him 2percent on education other setors zero.Bcs of fashola.and asiwaju we shall vote for APC

  7. Korex

    June 9, 2015 at 8:49 am

    Fashola really tried during his time.
    But I prayed A+ do better than fashola.

  8. iyabo

    July 5, 2015 at 6:18 am

    He has done well on education. I pray make. Ambode increase teacher salary and welfare. And also eMploy more teacher this 2015 because there are no teacher to handle some causes.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Star Features

Advertisement
css.php