{"id":304400,"date":"2024-01-05T18:35:25","date_gmt":"2024-01-05T17:35:25","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=304400"},"modified":"2024-01-05T18:35:25","modified_gmt":"2024-01-05T17:35:25","slug":"just-in-lagos-assembly-passes-n2-267-trillion-2024-budget","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2024\/01\/05\/just-in-lagos-assembly-passes-n2-267-trillion-2024-budget\/","title":{"rendered":"JUST-IN: Lagos Assembly Passes N2.267 Trillion 2024 Budget"},"content":{"rendered":"<ul>\n<li><strong>Prior to its passage, Hon. Sa\u2019ad Olumoh, chairman of the joint-committee on Budget and Finance, had presented a report containing some recommendations to the House.<\/strong><\/li>\n<li><b>Among the recommendations is that the Public Works Corporation, the Water Corporation and the state-owned tertiary institutions be placed on first-line charge to enable them perform optimally.<\/b><\/li>\n<\/ul>\n<hr \/>\n<p>Under the direction of Speaker Mudashiru Obasa, the Lagos State House of Assembly approved the State&#8217;s 2024 budget in its plenary session on Friday, spending a total of N2,267,976,120,869.00.<\/p>\n<p>The Speaker, Eromosele Ebhomele, was informed of this in a statement provided by the Chief Press Secretary.<\/p>\n<p>The legislators in attendance unanimously voted by voice to approve the budget, which represents 42% recurring expenditure and 58% capital expenditure.<\/p>\n<p>\u201cA bill for a law to authorise the issuance and appropriation of N952,430,566,998 from the Consolidated Revenue Fund for Recurrent Expenditure and N1,315,545,553,871 from Development Fund for Capital Expenditure thereby totaling a budget size of N2,267,976,120,869 for the year ending 31st December, 2024 be passed into law,\u201d the Speaker had raised on the floor as the budget report was read a third time.<\/p>\n<p>Dr. Obasa, thereafter, commended the lawmakers for their dedication and cooperation at ensuring a quick passage of the Appropriation Bill while directing the Clerk of the House, Barr. Olalekan Onafeko, to forward a copy of the approved budget to <a href=\"https:\/\/www.withinnigeria.com\/news\/2024\/01\/04\/traffic-infraction-govs-lack-power-to-nab-military-man-soldier-blasts-sanwo-olu-for-arresting-colleague\/\">Governor Babajide Sanwo-Olu<\/a> for assent.<\/p>\n<p>Prior to its passage, Hon. Sa\u2019ad Olumoh, chairman of the joint-committee on Budget and Finance, had presented a report containing some recommendations to the House.<\/p>\n<p>Among the recommendations is that the Public Works Corporation, the Water Corporation and the state-owned tertiary institutions be placed on first-line charge to enable them perform optimally.<\/p>\n<p>Governor Sanwo-Olu had on Wednesday, December 13, 2023, presented the 2024 budget proposal of N2.246 trillion to the House of Assembly saying that the state anticipated internally generated revenue of N1.251 trillion and federal government allocations of N596.629 billion.<\/p>\n<p>Recall that Obasa, during the presentation of the budget by the governor, urged the government should ensure a functional budget.<\/p>\n<p>\u201cIt is highly important for us to apply the right indices towards ensuring a performing and functioning budget that would lift our people out of poverty and reposition the state towards infrastructural growth and renewal.<\/p>\n<p>\u201cPalliatives should move from just giving people garri, rice, beans or even money. We should have a direction that is focused, impactful and deeply backed up by effective policy implementations.<\/p>\n<p>\u201cFor instance, in the name of palliative care, let there be provision of drugs at all public hospitals in the state at subsidised rates. At the same time, focus should be on a downward review of treatment costs in these hospitals,\u201d the Speaker said during the budget presentation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prior to its passage, Hon. Sa\u2019ad Olumoh, chairman of the joint-committee on Budget and Finance, had presented a report containing some recommendations to the House. Among the recommendations is that the Public Works Corporation, the Water Corporation and the state-owned tertiary institutions be placed on first-line charge to enable them perform optimally. Under the direction [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":304403,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[5,4],"tags":[74894,74893,7391,53582,6823],"class_list":["post-304400","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking","category-politics","tag-chairman-of-the-joint-committee-on-budget-and-finance","tag-hon-saad-olumoh","tag-lagos-assembly","tag-mudashiru-obasa","tag-speaker"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>JUST-IN: Lagos Assembly Passes N2.267 Trillion 2024 Budget<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2024\/01\/05\/just-in-lagos-assembly-passes-n2-267-trillion-2024-budget\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JUST-IN: Lagos Assembly Passes N2.267 Trillion 2024 Budget\" \/>\n<meta property=\"og:description\" content=\"Prior to its passage, Hon. 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