Lagos State governor, Mr.
Akinwunmi Ambode has
presented the year 2018 budget
proposal of N1.046trillion to
the House of Assembly, with a
pledge that his administration
would make every effort to
complete all on-going projects
as well as initiate new ones to
consolidate on the development
recorded in the last 30 months.
Presenting the budget
tagged ‘Budget of Progress
and Development’ yesterday,
Governor Ambode said it
would be used to consolidate
on the achievements recorded
in infrastructure, education,
t r a n s p o r t a t i o n / t r a f f i c
management, security and health
sectors.
He said the budget would also
focus on mandatory capacity
building for civil servants, all
teachers in public secondary/
primary schools, officers in the
health service sector and women
and youth empowerment
alongside Medium and Small/
Micro Size Entrepreneurs,
MSMSEs.
Outlining the key components
of the budget, Ambode said
capital expenditure would
gulp N699.082billion while
N347.039billion would
be dedicated to recurrent
expenditure, representing a
capital/recurrent ratio of 67
percent to 33 percent and a 28.67
percent increase over that of
2017.
The governor said despite the
modest achievements recorded
in 2017, there was still much
work ahead, assuring that
government would not relent in
its efforts to give Lagosians the
best by way of continuous and
efficient service delivery.
“Lagos has always been
a trailblazer and we must
consolidate on the economic
gains made so far by initiating
people-friendly programmes
and projects that will attract
more economic improvement in
year 2018.
“It is our resolve in Y2018 to
strive and complete all on-going
projects in order to meet their
specified completion period
and embark on new strategic
projects. We intend to improve
on our Internally Generated
Revenue, IGR, in the face of the
dwindling accruable revenue
allocation from the federal
government, sustain our vision
on wealth creation and poverty
alleviation,” Governor Ambode
said.
The governor also listed key
projects captured in the 2018
budget to include the Agege
Pen Cinema flyover, alternative
routes through Oke-Ira in Eti-
Osa to Epe-Lekki Expressway,
the 8km regional road to
serve as alternative route to
connect Victoria Garden City
with Freedom Road in Lekki
Phase I; completion of the on going reconstruction of Oshodi
International Airport Road into
a 10-lane road and the BRT lane
from Oshodi to Abule-Egba.
On infrastructural renewal,
Governor Ambode said his
administration remained
committed to sustaining
the tempo of continuous
construction, rehabilitation,
upgrading and maintenance
of network of roads across the
State including those within
the boundary areas of Lagos
and Ogun States and that the
bus reform initiative would
be consolidated with the
introduction of high and medium
capacity buses, construction
and completion of bus depots
at Oshodi, Anthony, Yaba and
many others.
He also said the movement
of Mile 12 market to Imota had
reached an advanced stage and
would be completed in good
time to pave way for relocation
next year while the 181 local
government roads would be
commenced as contractors
will be mobilised immediately,
as well as continuous
gridlock resolution, junction
improvement, construction of
more laybys and advancement of
signalisation that would improve
traffic congestion especially
along the Lekki-Epe corridor.
In the area of job creation,
Governor Ambode said the
government would construct
an ICT Focus Incubator
Centre in Yaba, commence the
development of Imota and
Igbonla Light Industrial Park
as well as the provision of
additional small scale industrial
estate at Shala while the State
Employment Trust Fund
would disburse more funds to
Lagosians to support business
and stimulate the economy.
Ambode also assured that
his administration would
vigorously pursue its planned
direct intervention in the power
value chain towards generating
3,000MW Embedded Power Programme within a three-year
plan to achieving 24/7 power
supply for the state, stressing
that the challenge of inadequate
power supply must be resolved
for the economy to perform
optimally.
He said within the 2018 fiscal
year, the government would
continue to rekindle its efforts in
the area of tourism, sports, arts
and culture, as well as embark on
some major projects that would
ensure that the State emerges as
the hub for tourism, sports and
entertainment.
He listed some of the projects
to include completion of the
five new art theatres, establish
a heritage centre at the former
Federal Presidential State House
recently handed over to the state
government; build a world class
museum between the former
presidential lodge and the
State House, Marina; fast-track
construction of the proposed
four new stadia in Igbogbo, Epe,
Badagry and Ajeromi Ifelodun
(Ajegunle) and complete the ongoing
Epe and Badagry Marina
projects.
On housing, Governor Ambode
said that all on-going projects,
especially those at Gbagada,
Igbogbo, Iponri, Igando, Omole
Phase I, Sangotedo and Ajara-
Badagry, would be completed
for delivery under the Rent-to-
Own policy.
While acknowledging the
cooperation and support
received from Lagosians,
members of the business
community, professional bodies,
non-governmental organisations
and the state civil servants in
years past, the governor noted
that the modest achievements
by his administration within a
short period couldn’t have been
possible without residents who
have been paying their taxes
willingly and faithfully.
Besides, Governor Ambode
urged residents to embrace
the Public Utility Levy as the
Cleaner Lagos Initiative aimed at
ensuring a cleaner and healthier
environment would commence
in 2018.
He also commended members
of the House of Assembly for
their selfless service and support,
saying that they had proven
themselves to be dynamic and
robust lawmakers and partners
in progress.
Giving a sectoral breakdown
at a press briefing in Alausa,
Commissioner for Finance,
Mr. Akinyemi Ashade said
general public services got
N171,623billion, representing
16.41 percent; public order
and safety, N46.612billion,
representing 4.46; Economic
Affairs, N473,866bn, 45.30
percent; Environmental
Protection, N54,582billion,
representing 5.22percent while
housing and community
amenities got N59,904billion,
representing 5.73 percent.
Ashade also told journalists
that health sector got
N92.676billion, representing
8.86percent; recreation, culture
and religion got N12.511billion,
representing 1.20 percent;
education got N126.302billion
representing 12.07percent,
while Social Protection got
N8.042billion representing
0.77percent.
Receiving the budget, speaker
of the House, Rt. Hon Mudashiru
Obasa commended Governor
Ambode for faithfully executing
the year 2017 budget, saying the
positive impact of such had been
felt across the State with various
projects such as the Abule Egba,
Ajah and Pen Cinema Flyovers,
among other numerous projects
in various sectors.
Obasa, who specifically
lauded the fact that the 2018
budget estimate had provision
for continuous infrastructural
development in various sectors
such as transport, security,
environment, housing, health
and capacity building for all
public servants including
teachers and health workers,
however assured that the House
would scrutinise it and ensure
that the budget delivered on
its promises to stimulate the
economy of the state by focusing
on infrastructure development,
delivering inclusive growth and
prioritising the welfare of all
Lagosians.

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