3993i3k3knmm5146150015208983113 Executive chairman of Ikorodu LG, Hon. Wasiu Adesina has presented the year 2023 budget of 2,010,987,560.84 naira to the legislative compartment of the council.
Dated thursday, 2nd January 2022, the fiscal budget is tagged 'A Budget Of Reality' to foster the administration's economic growth different expansion agenda.
Received by the council clerk, Mrs R.A Ibrahim, the budget was presented to the leader of the council, Hon. Adebowale Adebola, who presided over the proceedings.
Minutes and assertion of procedures were affirmed by Hon. Shotomiwa Wasiu, Majority leader, Hon. Idris Shokunbi, Chief Whip, Hon. Buraimoh Oluwakemi, Hon. Awolesi Omotayo, Hon. Oshikoya Oladimeji and Hon. Fatuga Mutiat, Deputy leader, which was subsequently documented by Mrs I.B Elusakin.
In his dialogue before the budget presentation, the council boss, Hon. Wasiu Adesina regarded the year 2023 budget as another milestone for the local government to foster its local financial improvement.
According to Hon. Adesina, presentation of the Budget to the legislative arm complies with the present legislative dispensation, which makes it critical for the executive arms of the local government to submit their budget to the legislative arm for approval.
Breaking down the fiscal budget analysis, Adesina explained that the total size of the 2023 proposed budget is Two Billion, Ten Million, Nine Hundred and Ninety-seven thousand, Five Hundred and Sixty Naira Eight Seven Kobo (N2,010,997,560.87).
Federal allocation for the year 2023 Five Hundred and sixty Million, Forty-Seven Thousand, Five hundred and sixty Naira, Eighty Four Kobo (N560,047,560.84), VAT is One Billion Naira, Three Hundred and Five Million, Five Hundred Thousand Naira only (N1,305,500.00) and internal growth rate (IGR) bolts One Hundred and Five Million Naira, Three Hundred and Fifty Thousand Naira only (N105,350,000.00).
He continued, "State coordinated revenue is Forty Million, One thousand Naira only (N40,001,000.00), and Salaries for the staff of the local government for the year 2023 will gulp Two Hundred and Thirty Million Naira Only (N230,000,000.00), While the teacher salaries for primary schools within Ikorodu Local Government will amount to Two Hundred and Thirty Million Naira Only (N230,000,000.00).
"82.72 million naira would be expended on compensations of political office holders, while N713,43million is reserved for pension, 129.4 million naira for local government teachers’ pension , and 18 million naira is committed for severance allowances".
"The year 2023 budget is geared towards achieving a distinction outline, better planning and execution of our physical policies for Ikorodu Local Government".
"It is important to remind everyone that it is our social duty to be responsible for the yearnings of our communities while adopting a gradual but advanced method primarily in the areas of infrastructural growth, regular development, strategy environmental sanitation, maintenance of peace and harmony, provision of adequate security of lives and property" Hon. Adesina added.
Lunging into politics and referring to his party, the All Progressive Congress (APC) as the centrepiece of his effective administration, Hon. Wasiu Adesina implored the good people of Ikorodu to go out and collect their PVC and come out en-mass on the 25th of February 2023 and vote for Asiwaju Bola Ahmad Tinubu Presidential and all other Candidates of APC, including; Governor Babjide Olusola Sanwo-Olu, Senator Hon, Mikahil Abiru, hon. Babajimi Benson MHR, and Hon. Gbolahan Ogunleye. He ended by appreciating all party leaders and stakeholders, including the good people of Ikorodu LG for their unending love and support.
The presentation was graced by the Executive Vice-chairman, Aarebirin honourable (Dr) Princess Folashade Olabanji-Oba, stakeholders, Management staff, APC party leaders, chiefs, religious leaders and political figures in the region, including former Secretary to the Lagos State Government and GAC member, Olorunfunmi Basorun.

3 min read

IKORODU LG COUNCIL BOSS, HON. WASIU ADESINA PRESENTS 2.010 BILLION NAIRA BUDGET OF REALITY TO LEGISLATIVE CHAMBER ®™√ INN Nigeria ©

8 months ago INN

Executive chairman of Ikorodu LG, Hon. Wasiu Adesina has presented the year 2023 budget of 2,010,987,560.84 naira to the legislative...

3992j3k3nn3nnnn2570446626284184059 Lagos State Governor Babajide Sanwo-Olu, on Friday, signed the State’s N1.768 trillion “Budget of Continuity” into law to consolidate development strides of his administration and satisfy the yearnings of the residents. The Governor said the fiscal document not only “aggressively” focus on completing ongoing capital projects, it would also expand intervention programmes and intensify social support to citizens and their means of livelihoods.
The budget was assented to at a short ceremony held at the Governor’s Office in Alausa.
Sanwo-Olu said the spendings would further demonstrate his Government’s determination to scale up good governance and quality service to the citizens through the T.H.E.M.E.S Agenda, stressing that the budget would propel the State to higher level of fiscal growth and social development.
The 2023 Appropriation Bill has a capital expenditure of N1.019 trillion, representing 58 per cent of the 2023 budget. The recurrent expenditure, representing 42 per cent, is N748 billion, which includes personnel cost, overhead and debt services.
The Governor said the implementation of the budget would see to completion of various ongoing capital projects, including the final construction phase of the 37-kilometre Lagos Red Rail Line from Agbado to Ebute Metta. He added that the funding for the second phase of the Blue Line from Mile 2 to Okokomaiko had equally been approved in the budget, stressing that the Ojo General Hospital project and mental health facility in Ketu-Ereyun being undertaken by the State Government would race to completion.
Sanwo-Olu said the contractors handling various road and school construction projects in Badagry, Amuwo Odofin, Ikorodu and Eti Osa could now have access to funds to deliver the projects.
He said: “I’m delighted to assent to the 2023 Appropriation Bill transmitted to me after it was passed by the House of Assembly. The budget went through a rigorous review and passed through all the relevant statutory channels required before we now have a live document that can be implemented. This is a budget that speaks to the aspirations and the needs of Lagosians.
“The budget is audacious and its size is a reflection of the confidence our citizens repose in us. It is also a significant improvement in the discharge of the citizens’ civic responsibility in the areas of taxes and levies that are due to the Government. I give assurance of our commitment to prudent implementation and improvement in service delivery that will bring about more dividends of good governance.”
Sanwo-Olu expressed his appreciation to the leaders and members of the House of Assembly for timely consideration and independent ratification assignment done on the document.
The Governor promised to raise the level of implementation of the Appropriation Law, pledging that the ongoing electioneering would not slow down governance process.
Sanwo-Olu said although Lagos had the highest budget among the federating units, he added that the budget size was a far cry from the actual number that should have been proposed which befits Lagos developmental aspiration.
He said the State could do a lot more if the citizens would partner with the Government by committing to pay their taxes. He said: “Lagosians must know that our Government is committing to protecting their lives and their means of livelihoods. We can provide a lot more opportunities for our citizens in transportation, education, public health and other areas of human endeavour. To achieve these objectives, residents must see the real partner in us. “We have seen the growth across the city and opportunities for business. Our budget must speak to this growth. Lagos needs to be in the comity of cities that can take opportunities to another level and ventilate its economic potential.”
Commissioner for Economic Planning and Budget, Sam Egube, explained that the budgetary items reflected the wishes of the residents across the State’s five traditional divisions.
He said the the coatings were in alignment with long-term sector objectives and in agreement with Lagos State Development Plan.
Chairman, House Appropriation Committee, Hon. Gbolahan Yishau, thanked the Governor for bringing an “implementable document” to the House, pointing out that the fiscal document was diligently reviewed before the final draft was approved.

3 min read

SANWO-OLU SIGNS N1.76 TRILLION LAGOS ‘BUDGET OF CONTINUITY’ INTO LAW ®™√ INN Nigeria ©

8 months ago INN

Lagos State Governor Babajide Sanwo-Olu, on Friday, signed the State’s N1.768 trillion “Budget of Continuity” into law to consolidate development...

493j4n3mmmm7449252140768166592 Executive chairman of Ijede LCDA, Hon. Motunrayo Gbadebo-Alogba has presented the year 2023 budget of 1,887,150,717.81 to her council's legislative house.
Held at its administrative chamber on Wednesday, 28th December 2022, the budget is tagged 'A Reserve Of Distinctive Impact' to consolidate diverse developmental agendas in the territory of cool breeze and aquatic splendour.
Received by the council clerk, Mr Tahir Adewale Williams, the budget was presented to the leader of the council, Hon. Fadeyi Kehinde Abiodun, who presided over the proceedings.
Minutes and assertion of procedures were affirmed by Hon. Shitta Olorunlogbon Akeem, Majority leader, Hon. Nurudeen Saka Adeleke, Chief Whip and Hon. Kehinde Basirat Adejumoke, Deputy leader, was subsequently documented by Mrs Adejoke Thompson.
In her speech before the budget presentation, the council boss, Hon. Motunrayo Alogba regarded the year 2022 as remarkable in the history of Ijede LCDA, adding that her administration recorded significant progress in a push to positively affect the lives of people and the community.
According to her, despite its minor allocation and little internal revenue base, the council's commitment to the people made her administration very prudent in managing financial resources, which made it viable to achieve effective results.
She continued, "The renovation of our Library and the Egbin Community Town hall, presentation of official vehicles to our political office holders, rehabilitation of Ijede to Oke-Eletu Road etc are all evidence of our resolve to bring good governance to our people".
"Today, I am happy to say that our collective efforts yielded results as we recorded 80% budget performance in the year 2022" she noted.
Hon. Motunrayo further explained that the 2023 budget is tagged 'Budget Of Distinctive Impact', due to her administration's eagerness not to relent in its efforts to consolidate Infrastructural Development, Education, Health and Youth Empowerment etc.
"We're poised to build a legacy that will transcend our administration" she declared.
Appreciating her legislative council for the smooth working alliance that exists between the LCDA, the council boss urged everyone to project extra cordial relationships which create a better conducive working environment for all.
Post budget presentation, Hon. Motunrayo concluded by beseeching the house to finalize proceedings on making the reserve a working document.
The total budget size is 1,887,150,717.81, with an analysis of Personnel cost at 840,809,897.05, Overhead expenditure at 581,840,820.76 and total capital expenditure at 464,500,000.
Personnel cost is 44% to budget size, overhead is 31% and capital is 25%.
The presentation was graced by the Executive Vice-chairman, Hon. Femi Kareem, stakeholders, Management staff, APC party leaders, chiefs, and political figures in the region, including former Ijede LCDA chairman, Alhaji Fatiu Salisu.

2 min read

IJEDE COUNCIL BOSS, HON. MOTUNRAYO GBADEGBO-ALOGBA PRESENTS 1.8 BILLION BUDGET OF DISTINCTIVE IMPACT TO LEGISLATIVE HOUSE ®™√ INN Nigeria ©

9 months ago INN

Executive chairman of Ijede LCDA, Hon. Motunrayo Gbadebo-Alogba has presented the year 2023 budget of 1,887,150,717.81 to her council's legislative...

img 20221212 wa00455322935637803673505 The Lagos State House of Assembly on Monday passed a total of ₦1,768,014,155,285 as the budget for 2023 with the Speaker, Rt. Hon. Mudashiru Obasa, thanked the lawmakers for their collective sacrifice and the swiftness with which the Appropriation Bill was handled.
A breakdown of the approved budget size shows the sum of N748,096,508,571 as Recurrent expenditure and N1,019,917,646,713 as Capital expenditure for the year ending 31st December 2023.
A part of the breakdown for the sectoral allocations also shows that N3,228,396,960 was approved as the new Overhead Cost of the Office of Civic Engagement for drug abuse advocacy.
The sum of N802,987,206 was approved as the new Capital Expenditure of the Ministry
of Economic Planning & Budget while N1,200,000,000 was approved as the new Overhead Cost (Social Intervention
and Humanitarian Programme) in the Ministry of Economic Planning and Budget.
Dr Obasa, who presided over the plenary, said the passion with which the lawmakers processed the bill for passage showed their love for the progress of Lagos State.
He also expressed hope that residents of the State would show their satisfaction with the lawmakers and the All Progressives Congress (APC) by voting for candidates of the party in Lagos and at the centre during the forthcoming election.
Governor Babajide Sanwo-Olu had in October presented the sum of N1.69 trillion budget of continuity to the House.
While receiving the proposal from the Governor, Speaker Obasa had urged that the 2023 budget "should have a more human face, be targeted at reducing poverty and improving the welfare of the residents of the State as part of the THEMES agenda of the administration.”

2 min read

10 months ago INN

The Lagos State House of Assembly on Monday passed a total of ₦1,768,014,155,285 as the budget for 2023 with the...

88888866665553000115745424220176 Ikorodu Local Government chairman, Hon. Wasiu Adesina hosted stakeholders and members of the general public to the year 2023 Budget Consultative forum at the Council Hall on the 1st of December 2023.
The forum, with the theme; An Effective Budget Formulation, created an interactive session for the council, aiding it's administrative wing mediums to ascertain areas of adjustments and figurative modifications.
From the jump (through a projector presentation), Mr. Kazeem Adesanya, HOD on budget, enlightened the attendees on the benefits of annual budget, through the analysis of projector to elaborating reasons taxes must be paid for the council to fulfil its numerous obligations.
The presentation gave participants the avenue to suggest other ways the council can create employment, engage the youths and provide more empowerment and training hubs.
In his official address, Hon. Wasiu Adesina reviewed various projects embarked upon by his administration through the 2022 Budget Year.
The review, which has documented a 96% completion in all sectors of Ikorodu Local government, Included Welfare packages for Teachers, programs for students and various ongoing infrastructural development projects in Ikorodu.
Adesina, also explained that his administration has consistently boosted the IGR of the Local Government from 20 million naira to 120 million naira without obtaining Loans or debts.
"We're able to accelerate the council's productivity through proper planning and strategy formulation by the Adesina Led administration" he said.
Stakeholders in attendance, who acknowledged the council's challenges examined, lauded the Chairman for his relentless efforts on the development of Ikorodu Local Government.
The council boss, further called on citizen to support his administration through prompt payment of taxes, and due proceeds to enable the government serve the people with dividends of democracy.
"Despite our managing allocations, most projects were carried out successfully on roads and construction works which has enhance growth. I want to appreciate the good people of Ikorodu local government for their unwavering support, and also the contributions of all stakeholders, their steadfast encouragement and backing of this administration" Adesina concluded.
Political stakeholders, Legislative arm of Ikorodu LG, Supervisors and Senior Special Assistants, Traditional chiefs, Head of Security agencies, Youth Representatives, Artisans, Market Leaders, and members of the Public were present at the forum.
Vice Chairman, Aarebirin Hon. Princess Folashade Olabanji-Oba, SLG Hon. Lateef Afinni, APC Ikorodu LGA Chairman Alh. Waheed Animashaun, CDC Chairman Alhaji Lukeman Shonibare, HRO Mr. Abayomi, the CT Mr. Alli Balogun, HoDs/ Hounits, All ward chairmen, Nulge Sec. Comr. Olagunju, Leaders of the house, Hon. Adebowale Adebola, Council Manager, Engr. Martins Odupitan, CDC and Community leaders, ethnic groups, Market leaders, Religious leaders were also in attendance.

2 min read

10 months ago INN

Ikorodu Local Government chairman, Hon. Wasiu Adesina hosted stakeholders and members of the general public to the year 2023 Budget...

IKORODU LG COUNCIL BOSS, HON. WASIU ADESINA PRESENTS 2.010 BILLION NAIRA BUDGET OF REALITY TO LEGISLATIVE CHAMBER ®™√ INN Nigeria ©

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