By Tope Musowo
Governor Akinwunmi Ambode of Lagos state has presented a 2017 budget proposal of N812.99 billion to the House of Assembly for approval.
Ambode, who tagged the budget as “Golden Jubilee Budget,” said that it would promote massive investment in security, transport, road construction physical and social infrastructural development.
The Governor said that the recurrent expenditure stood at N300 billion, while the capital expenditures stood at N512.46 billion.
‘The People’s Budget of 2016 has positively impacted the lives of Lagosians. I am confident that the Year 2017 budget will consolidate on our modest achievements and propel our state to enviable heights.
“The Year 2017 budget will be at an auspicious time when our state will be celebrating its Golden Jubilee Anniversary. The proposed budgets is with the size of N812, 998 billion.
“This will continue the massive renewal of our infrastructures and enhancement of Lagos as one of the foremost tourism and investments destination in Africa.
“While we focus on physical infrastructures, we shall continue to pay due attention to social infrastructures, especially health, education, youths and social development in 2017.”
Meanwhile, the Speaker, Mudashiru Obasa, commended the Governor for his determination to develop the state despite dwindling revenue.
The Speaker, who commended the governor on road infrastructure, transportation, “Light Up Lagos Project” and other development, said the House would continue to support the executives to bring more development to Lagosians.
“Almost all projections in the 2016 budgets have been carried out despite the economic situation. I commend the Governor for a number of life-changing projects introduced,” he said.