Lagos state governor, Babajide Olusola Sanwo-Olu, has signed the state’s budget for year 2019 into law.
The budget of about N873 billion, was signed earlier today, Monday 3rd June 2019, by Sanwo-Olu.
According to the budget breakdown, 45% (N393,841,387) of the budget will be dedicated to recurrent expenditure while 55% (N479, 691, 775) is to be utilised for capital expenditure.
Akinwunmi Ambode, former governor of the state, had submitted a budget proposal of N852,316,936,483 to the Lagos state house of assembly on February 5, 2019.
The proposal was increased by N21 billion after deliberations by the lawmakers and it was passed on April 30, 2019.
Sanai Agunbiade, majority leader, had accused Ambode of spending budget estimates without being presented to the house.
“We want the public to know that the major issue in contention is the 2019 appropriation bill, which by now we feel should have been before the house,” he had said.
“Unless the budget is laid before the house, there is no budget before the house of assembly. We were willing to take the budget, but we didn’t have the budget.
“We now discovered that expenditures are being incurred and warrants have been issued in respect of the budget that has not been laid before the house.
“This we found inappropriate, and before this also, we have found some infractions in the 2018 budget, where we discovered that some expenditures were made outside the budget without the approval of the house.”