Lagos State Governor, Akinwunmi Ambode, on Thursday presented the
Year 2016 Budget proposal of N665.588billion to the House of Assembly, with a
pledge that his administration would not only implement the budget faithfully,
but also ensure that it worked in the best interest of Lagosians.
The governor, who christened the 2016 budget “The Peoples Budget”,
said it was an improvement of 26 percent over the budgets of 2014 and 2015
respectively which stood at N489.6 Billion individually.
“The increase will enable our government to focus on the present
challenges of security, traffic gridlock resolution including physical and
social infrastructural development which has thrown up new challenges quite
different from what we used to experience and have always known”, he said.
He said the 2016 budget, which is the first full budget of the
present administration, would promote massive investment in security, transport
and traffic management, physical and social infrastructural development and
enhance job creation.
He said the intention of his government was to use the 2016 budget
to strategically build new infrastructure, as well as maintain existing ones,
adding that wealth and employment creation would also receive adequate
attention in the course of the year.
Giving a breakdown of the budget figures, Governor Ambode put the
recurrent expenditure at N278,909bn while capital expenditure stands at
N383,678bn, explaining that the capital to recurrent ratio is 58:42 as against
51:49 in 2014 and 2015.
Governor Ambode also put the total revenue estimate for 2016
fiscal year at N542.873Billion, saying the balance of N119.714billion would be
funded through deficit financing constituting 0.41 percent of the state GDP,
based on 2016 budget alone and a cumulative debt to GDP ratio of about three
percent.
On the size of the budget, the governor earmarked N120,508,571,598
for General Public Services representing 18.19 percent; N28,559,021,841 to
Public Order and Safety, representing 4.31 percent; while Economic Affairs received
a lion share of N211,043,408,183, representing 31.85 percent.
In other sectors, Environment got 8.1 percent of the budget
totalling N53,043,599,505; Housing and Community Amenities, got N62,713,091,867
representing 9.46 percent; Health got N64,677,679,096 representing 9.76 percent
while Recreation, Culture and Religion has N4,636,917,054 which is 0.70 percent
of the budget.
Education sector also received N113,379,337,664, representing
17.11 percent of the budget while Social Protection got N4,025,980,116, which
is 0.61 of the budget.
Governor Ambode said due to the falling oil prices, the budget was
pegged at $38 dollar per barrel, saying it was in line with maintaining a
conservative approach in estimating the Federal allocation for 2016.
“Fiscal Federalism and according Lagos a Special Status will
benefit the State as we implore the Federal Government to look into this as
soon as possible. As you are aware, the Federal Government still owes Lagos
State over N50billion expended on federal roads in Lagos state. We look forward
to an early refund to enable us utilize the fund on other infrastructure that
require attention”, the governor said.
Explaining some of the highlights of the budget, Governor Ambode
said the state government would commence the A-Meal- a-Day Programme in the
state Public Primary Schools with effect from next year, adding that it would
be done in collaboration with the Federal Government who would provide 60
percent of the funding, while the State Government matches it with 40 percent.
“This programme promises not only to improve the daily nutrition
of our children, it will also create an economy of its own, with opportunities
for job creation, income generation, poverty alleviation, and so on,” the Chief
Press Secretary to the Governor, Habib Haruna, quoted Mr. Ambode as saying.
“I am happy to inform you that in 2016 we will develop our
e-Curriculum, leading to the distribution of Ibile Tablets to students in our
public schools. This revolution, at the Secondary School level, will set a new
standard in our educational system, and further enhance the knowledge of our
children to enable them compete effectively with their peers in developed
countries”, the governor said.
On security, Governor Ambode, while acknowledging that it was a major
challenge confronting the state within the first few months of his
administration, said the government adopted a multifaceted approach at tackling
this challenge, just as he pledged to continue to support the security agencies
in 2016.
On road infrastructure, the governor said one of the assignments
his administration had embarked upon was to regularly inspect the state of the
roads to ascertain their conditions and ensure that they are motorable,
assuring that while ongoing projects would be given priority in the course of
the year, new roads would be constructed across the length and breadth of the
state.
Receiving the budget, the Speaker of the House, Mudashiru Obasa,
commended the governor for procuring security equipment to combat insecurity in
the state, just as he assured that the budget proposal would be meticulously
looked into by the House.
Dignitaries present at the event include former speakers of the
House of Assembly including Adeyemi Ikuforiji, Olorunnimbe Mamora, Jokotola
Pelumi, national assembly members, members of the State Executive Council,
traditional rulers, religious leaders, among others.
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