Oyetola presents N129.7b 2022 budget to House
Lagos State House of Assembly, yesterday, approved the request of Governor Babajide Sanwo-Olu to revise the 2021 Appropriation Law.
According to Yishawu, N513.3 billion was approved for recurrent expenditure from the Consolidated Revenue Fund, while N743.2 billion from the Development Fund was approved for capital expenditure, both for the year ended December 31, 2021.
Speaker of the Assembly, Mudashiru Obasa, subsequently read out the recommendations of the committee on the floor of the House and was approved through voice-votes by the lawmakers.
The Speaker said the governor was requesting the House to authorise the reordering of N460.58 billion to N496.26 billion for the recurrent expenditure; and N702.93 billion to N759.59 billion for the capital expenditure.
Meanwhile, the lawmakers have urged President Muhammadu Buhari to intervene in the protection of shorelines of Eti-Osa, Lagos Island, Ibeju-Lekki, Badagry and others in the state. They also asked the Federal Government to release the ecological funds to the state.
IN another development, Osun State Governor Adegboyega Oyetola, yesterday, presented N129.75 billion to the state House of Assembly as the draft budget for 2022.
Details of the appropriation bill revealed that the larger chunks were earmarked for infrastructure, education and health sectors, with the agriculture sector getting a big share of the appropriation.
The appropriation bill revealed that N26.6 billion went to education; over N19 billion to the infrastructure sector; about N16 billion to the health sector and about N7 billion to the agriculture sector.
Oyetola said the budget was aimed at further cementing and pursuing the policy thrust of the administration and consolidating various achievements so far recorded in each sector of the economy of the state.
He added that workable strategies had been put in place to boost the revenue of the state without putting an unnecessary burden on the residents.
The governor also disclosed that all the general hospitals across the state would be rehabilitated, just as he hinted that government would embark on massive construction of more roads in 2022.
