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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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Supreme Court Orders FG To Pay allocations Directly To LGAs

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The supreme court has ruled that the federal government should henceforth pay allocations directly to local government councils from the federation account.

Delivering judgment in the suit on Thursday, a seven-member panel of justices held that state governments have continued to abuse their powers by retaining and using the funds meant for LGAs.

In May, the federal government filed a suit at the supreme court against governors of the 36 states.

In the suit marked SC/CV/343/2024, the federal government asked for full autonomy for the country’s 774 local governments.

In the suit filed by Lateef Fagbemi, attorney-general of the federation (AGF) and minister of justice, the federal government also requested the supreme court to authorise the direct transfer of funds from the federation account to local governments — in accordance with the constitution.

The suit was hinged on 27 grounds.

“That the constitution of Nigeria recognizes federal, states and local governments as three tiers of government and that the three recognized tiers of government draw funds for their operation and functioning from the federation account created by the constitution,” the originating summons had read.

“That all efforts to make the governors comply with the dictates of the 1999 Constitution in terms of putting in place a democratically elected local government system, has not yielded any result and that to continue to disburse funds from the federation account to governors for non-existing democratically elected local governments is to undermine the sanctity of the 1999 constitution.”

The federal government had asked the apex court to invoke sections 1, 4, 5, 7 and 14 of the constitution to declare that the governors and state houses of assembly are under obligation to ensure democratically elected systems at the third tier.

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N33bn Fraud: Ex-Minister Mamman Collapses Outside Court

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Saleh-Mamman
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The arraignment of Saleh Mamman, the former Minister of Power under ex-President Muhammadu Buhari, was on Thursday, July 11, 2024, stalled at a Federal High Court in Abuja due to ill health.

Mamman, whose plea was fixed for Thursday morning, collapsed outside the courtroom before the case was called.

The former minister’s counsel, Femi Ate (SAN), told the presiding judge Justice James Omotosho shortly when the matter was called for Mamman to take his plea.

Upon resumed hearing, the ex-minister walked into the courtroom and stepped into the dock with part of his clothes drenched.

Justice Omotosho then asked why Mamman was sweating or whether it was raining outside.

The former minister, who responded from the dock, said water was poured on him.

The counsel for the Economic and Financial Crimes Commission (EFCC), Adeyinka Olumide-Fusika (SAN), while addressing the court, said though the matter was fixed for Mamman’s arraignment, there was a development outside the courtroom.

Olumide-Fusika said he had a discussion with Ate outside the courtroom about Mamman’s ill-health.

“I was informed of an incident outside. I will want my learner senior advocate to tell the honourable court himself,” he said.

Speaking, Ate said Mamman, “upon being brought into the premises of the court collapsed and had to be resuscitated and treated by the medical personnel of the Federal High Court.”

He said his client was served with the charge after he was resuscitated.

N1.6bn fraud: Please give me time to return looted funds, ex-AGF begs court

“He was served this morning,” he added.

The lawyer said he sought the understanding of Olumide-Fusika for an adjournment so that the arraignment could be done on Monday when his client would have been okay.

However, the judge said due to the workload in the court dockets, the arraignment could only be fixed for September ending.

Ate then withdrew the oral application for an adjournment.

The judge, however, asked Mamman if he was fit enough to take his plea today and he responded in the affirmative.

Mamman, however, said he was fit to continue with the arraignment.

“It can happen to anyone,” the judge said.

Justice Omotosho, thereafter, stepped down the arraignment until Thursday afternoon.

The EFCC had filed a 12-count money laundering charge against the Mamman.

He was alleged to have committed money laundering offences to the tune of N33 billion.

The former minister served under former President Buhari from 2019 to 2021.

 

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Olaide Akinremi, House Of Reps Member, Dies At 51

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Olaide Adewale Akinremi, a member of the house of representatives, is dead.

The lawmaker died on Wednesday morning aged 51.

Akinremi represented Ibadan north federal constituency on the platform of the All Progressives Congress (APC).

He was a ranking member and house committee chairman on science and research.

In a statement, Akin Rotimi, spokesperson of the house, said the Oyo lawmaker was a “dedicated public servant known for his unwavering commitment to the development of his constituency and the country at large”.

“His passion for service, coupled with his deep understanding of the needs and aspirations of his people, earned him the endearing title of ‘Jagaban’.

“Throughout his tenure, he was a staunch advocate for policies and initiatives that promoted social welfare, economic growth, and scientific research.

“His contributions to legislative debates and his active participation in committee activities were a testament to his dedication and hard work.

“Rep. Akinremi was as much a grassroots politician as he was an astute statesman who leveraged his goodwill and network of relationships to attract positive impact to the people of his constituency.

“He built friendships by being intentional about reaching out and sending goodwill messages to all colleagues on special occasions, fostering camaraderie and unity within the House.

“As a ranking member, Rep. Akinremi had keen institutional memory and was a mentor to many first-time parliamentarians, guiding them with wisdom gained from his extensive experience in legislative affairs.”

Tajudeen Abbas, speaker of the house, also expressed “profound sadness” over the passing of the lawmaker.

“Rep. Akinremi Olaide Adewale was a beacon of dedication and service,” Abbas said.

“His contributions to our legislative work, especially in the area of science and research, were invaluable.

“His passing is a great loss to the House, his constituency, and the nation. We will miss his leadership, wisdom, and the unique passion he brought to his work.”

Akinremi’s death comes weeks after the passing of Isa Dogonyaro, a member of the house of representatives who represented Babura/Garki federal constituency of Jigawa state.

Dogonyaro died in May after a brief illness.

 

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