Assembly increased budget by N21bn Eniola Akinkuotu, Abuja Governor Babajide Sanwo-Olu is set to sign the Lagos State 2019 budget worth N873.5bn, that his predecessor, Akinwunmi Ambode was unable to sign before leaving the office.
Sources within the state government told our correspondent that the Assembly held unto it for four weeks and submitted it to Ambode on the eve of his exit.
However, the lawmakers padded the budget by N21bn and held unto it, knowing that Ambode, who is an accountant and permanent secretary, would not sign it without scrutiny.
Of course, there was no way he would have been able to scrutinise the budget within such a short period and sign it in 24 hours.
Ambode further said the projected total revenue for 2019 is ₦775.2bn, of which ₦606.3bn is expected to be generated internally and ₦168.9bn is expected from federal transfers, while a total of ₦77.1bn will be sourced through deficit financing within the medium-term expenditure framework.
Comments
Post a Comment