Lagos State Commissioner for Budget and Economic Planning, Mr. Olusegun Banjo on Wednesday gave reason why Governor Akinwunmi Ambode has not presented the 2019 budget proposal to the State House of Assembly for approval.
The budget proposal by the state for 2019 stood at N852.317 billion, which is far lesser than the N1.04 trillion budgeted by the state for 2018.
He said the budget was already before the State House of Assembly and had intended to be read before the House by the governor on December 24, 2018.
In a statement he signed, Banjo said the governor had sent a verbal information to present the budget on Monday, December 24, 2018 after the State Executive Council approval on December 19, 2018, but that the ceremony was postponed as the House was on recess and thereby could not form a quorum.
He said in order to meet the traditional presentation, a formal letter was sent to the House on Friday, December 28, 2018, forwarding the contents of the budget.
“It is expected that when the House reconvenes, the Speaker would inform members of the content of the Budget proposal sent by the Governor and take necessary action,” he said.
The commissioner said the size of the 2019 budget proposal forwarded by the Governor to the House is N852.317 billion.
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