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Gov. Sanwo-Olu presents N1.38trn 2022 budget for Lagos State

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Lagos State Governor, Mr. Babajide Sanwo-Olu
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Gov. Babajide Sanwo-Olu of Lagos State has presented a budget of N1.388 trillion for 2022 to the State House of Assembly for  approval.

Presenting the budget, christened ”Budget of Consolidation”, Sanwo-Olu said that it was  targeted at completing ongoing projects in the state.

”The year 2022 is a year in which we will focus obsessively on completing ongoing projects, while also expanding our social intervention programmes and support for citizens, and for micro and small businesses.

”The budget is aimed at consolidating all our efforts so far, into timely delivery of our electoral promises of a greater Lagos to all citizens and residents of the state. Our destination is now in sight,” Sanwo-Olu said.

He said that the budget has a size of N1.388 trillion, comprising a total revenue of N1.135 trillion and deficit financing of N253.126 billion.

”We propose a total revenue of N1,135,159,092,822.30 for 2022. This comprises of total Internally Generated Revenues (IGR) and total federal transfers.

”The total IGR will be N898.891 billion, while the total Federal Transfer expected will be N236.268 billion.

”The budget projects a continuing but very gradual recovery to growth in economic activity as the global economy cautiously recovers from the impact of the Coronavirus pandemic.

”We have therefore, approached our revenue expectations with cautious optimism,” Sanwo-Olu said.

He said that the budget was made up of N564.934 billion recurrent expenditure, representing 41 per cent and N823.351 billion capital expenditure,  representing 59 per cent.

”We propose a recurrent expenditure of N564.934 billion, composing of total Overhead, total personnel cost, and recurrent debt service.

”The total overhead cost is N303.272 billion, comprising of overhead cost – N158.735 billion, subventions – N89.642 billion and dedicated cost of N54.896 billion.

”The total personnel cost is N189.399 billion, while the recurrent debt service is N72.262 billion,” the governor said.

He added:The capital expenditure of N823.351 billion included the General Public Services – N171.550 billion, public order and safety – N27.495 billion, economic affairs – N52.552 billion and environment – N27.333 billion.

“It also includes Housing and Community Amenities for N11.058 billion, Health – N87.875 billion, Recreation, Culture and Religion – N4.320 billion, Education – N112.650 billion and Social Protection for N6.109 billion.

Other Capital Expenditure include Contigency Reserve (Including Special Expenditure-Statewide and Special Expenditure-Others) – N10.840 billion, Loans (Repayments, CDSA & Debt Servicing) – N170.997 billion, Personnel Cost (Servicewide and Pension) – N53.147 billion and Grants & Counterpart Fund – N55.852 billion.”

According to him, the deficit financing will be by way of a combination of external and domestic loans and bonds, which were well within the fiscal sustainability parameters.

Responding, the Speaker of the House, Mr Mudashiru Obasa noted that the budget would be the last full year budget to be implemented by the current administration.

Obasa said that the House would meticulously perform its constitutional duty concerning the budget.

He commended Sanwo-Olu for his astuteness, courage, forthrightness, as well as his determined spirit, all geared towards a greater Lagos, within the period he had been in office.

The Speaker urged President Muhammadu Buhari to rejig the economy to make ease the hardship currently been experience by Nigerians and to also strengthen security apparatuses to check the spate of insecurity across the country.

 

 

(NAN)

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Senate Moves to Reshape Legal Profession, Proposes Two-Year Mandatory Pupillage for New Lawyers

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The Nigerian Senate on Wednesday considered sweeping reforms to the legal profession, passing into second reading a bill seeking to amend the Legal Practitioners Act 2004. Central to the proposal is a mandatory two-year pupillage programme for newly called lawyers, designed to align training and regulation with global best practices.

Debating the bill at plenary, lawmakers agreed that the legal system must evolve in response to technological advancement, complex commercial transactions, and growing demands for professional accountability. The bill was sponsored and led by the Leader of the Senate, Senator Opeyemi Bamidele.

According to Bamidele, the current law — nearly six decades old in design — no longer reflects contemporary realities of legal practice. He explained that the reform seeks to modernise oversight structures, strengthen discipline mechanisms, and enhance the quality of service within the profession.

A major highlight of the bill is the restructuring of the Body of Benchers, which, for the first time, will be established as a corporate legal entity with financial autonomy, strengthened secretariat, and defined rule-making authority. The reforms also introduce a clearer institutional framework for committees, oversight, and policy enforcement.

The Senate Leader stressed that the initiative would deliver “a coordinated and well-modernised regulatory framework that addresses admission to the bar, discipline, and professional standards.”

The bill also seeks to fast-track disciplinary processes by reorganising the Legal Practitioners Disciplinary Committee (LPDC). Under the proposed structure, multiple panels would sit across the country while wielding broader sanctioning powers, including suspension, disbarment, restitution, compensation, cost awards, and formal apologies. For transparency, disciplinary outcomes will be published, while affected practitioners will retain the right of appeal to the Supreme Court.

Additionally, the proposal creates a new Ethics, Adherence and Enforcement Committee empowered to inspect law offices, demand records, investigate public complaints, and prosecute cases before the LPDC.

To further boost competence, two years of compulsory pupillage and ongoing professional development will now be requirements for lawyers before full practice certification and licence renewal.

The bill also criminalises unauthorised legal practice, clearly defining the practice of law to protect the public from impersonators and unqualified service providers. Other provisions address the regulation of foreign lawyers, reform of the Senior Advocate of Nigeria rank, and improved safeguards for clients and public trust.

Speaking in support, Chief Whip of the Senate, Senator Tahir Monguno, recalled his experience entering practice over 35 years ago, noting that the realities of the digital age justify reform.

“This bill is very apt and germane,” Monguno said. “We are in the digital age, and our legal profession must reflect these realities.”

The Senate subsequently referred the bill to its Committee on Judiciary, Human Rights and Legal Matters for public hearing and a report within two weeks.

 

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Tinubu Approves Nigerian Team for US–Nigeria Joint Security Working Group

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President Bola Ahmed Tinubu
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President Bola Tinubu has approved the Nigerian contingent of the US–Nigeria Joint Working Group, a new collaborative platform aimed at strengthening security cooperation between both countries.

The decision follows agreements reached during a recent high-level visit to Washington, D.C., led by the National Security Adviser (NSA), Nuhu Ribadu. Ribadu will head the Nigerian side of the Working Group, supported by senior officials drawn from key security and government institutions.

The Nigerian members include Minister of Foreign Affairs, Amb. Yusuf Maitama Tuggar; Minister of Defence, Mohammed Badaru Abubakar; Minister of Interior, Hon. Olubunmi Tunji-Ojo; and the Minister of Humanitarian Affairs, Dr. Bernard M. Doro.

Also on the team are the Chief of Defence Staff, Gen. Olufemi Oluyede; Director-General of the National Intelligence Agency, Amb. Mohammed Mohammed; and the Inspector General of Police, Kayode Egbetokun.

Ms. Idayat Hassan of the Office of the National Security Adviser and Mr. Paul Alabi of the Nigerian Embassy in the United States will serve as the secretariat.

President Tinubu urged the members to work closely with their US counterparts to ensure the effective implementation of all agreements reached across various sectors.

The announcement was made on Wednesday in a statement by Bayo Onanuga, Special Adviser to the President on Information and Strategy.

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Obasanjo Returns $20,000 Allegedly Given for Fayose’s Birthday Logistics

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EX President Olusegun Obasanjo and Former Ekiti State, Ayo Fayose
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Former President Olusegun Obasanjo has returned the $20,000 allegedly provided to him by former Ekiti State Governor, Ayo Fayose, ahead of Fayose’s 65th birthday celebration, following a fresh disagreement between the two political figures.

Fayose confirmed the development during an interview with AF24 News, where he narrated the sequence of events surrounding the controversy. According to him, preparations for his birthday prompted him to reach out to individuals he had previously fallen out with politically. He noted that this move was aimed at “mending fences,” but stressed that his call to Obasanjo should not be misconstrued as an apology.

The former governor recounted that Obasanjo visited his Lagos residence days before the celebration and expressed willingness to attend the event, despite having a conflicting engagement in Rwanda. Fayose said that during the visit, Obasanjo requested financial support for his travel logistics, prompting him to provide $20,000.

“I changed $20,000 and gave it to him. How can you accept somebody’s money and come and be spiting that person?” Fayose said, expressing disappointment over Obasanjo’s subsequent public remarks.

The matter escalated after Obasanjo stated that he had not opened the money and would return it, comments that Fayose considered disrespectful. In response, Fayose said he sent the former president a strongly worded text message demanding clarity and expressing his displeasure.

Following the exchange, Obasanjo reportedly returned the money.

“I have written to him, and he has returned my $20,000,” Fayose confirmed during the interview. When asked how he felt about the return of the funds, he replied: “I am very happy. I will not allow such a man to carry my money away.”

The clash adds another layer to the long-standing political tension between both men, who have had a history of public disagreements spanning several years.

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