NIGERIAN economic nerve
center, Lagos State has proposed
a budget of 1.05 trillion naira for
2018, its governor, Akinwunmi
Ambode has disclosed to the
state lawmakers on Monday.
Ambode, while presenting
the budget proposal to
the lawmakers said his
administration will make every
effort to complete all ongoing
projects as well as initiate new
ones to consolidate on the
development recorded in the last
30 months.
The spending proposal
christened “Budget of Progress
and Development”, according to
the governor would be used to
consolidate on the achievements
recorded in infrastructure,
education, transportation/traffic
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 & youth empowerment
alongside Medium and Small/
Micro Size Entrepreneurs
(MSMSE’s).
The state plans to spend
699.08 billion naira on capital
expenditure, while 347.04 billion
naira is earmarked for recurrent
expenditure.
The capital expenditure
represents 67 percent of the total
proposal while the recurrent
accounts for 33 percent.
Ambode said said that 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
Y2018.
“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
the alternative route to connect
Victoria Garden City (VGC)
with Freedom Road in Lekki
Phase I; completion of the ongoing
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 remains
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.

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