Why Lagos Delayed Budget Presentation For First Time In A Decade
The Lagos State Government has just announced the submission of the state’s 2019 budget to the state house of assembly.
Olusegun Banjo, who is the Lagos state commissioner for budget and economic planning stated this in a statement released on Thursday, disclosing that the budget proposal was 852.317 billion naira.
But it is important to note that this is the first time in 10 years that the state government would present the budget after the fiscal year had ended.
According to Banjo’s statement on Wednesday, the budget was to have been read before the house on December 24, 2018, as governor Akinwumi Ambode had sent verbal information to present the budget on December 24, after the state executive council approval on December 19.
According to him, the presentation did not take place as the house was on recess and could not form a quorum.
He said in order to meet the traditional presentation, a formal letter with the proposed budget attached, was sent to the house on December 28.
“It is expected that when the house reconvenes, the speaker will inform members of the content of the budget proposal sent by the governor and take necessary action,” he said.
Don't forget to share this story with your friends.