Lagos Assembly passes N1 163trn 2021 budget - National Accord Newspaper nationalaccordnewspaper.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalaccordnewspaper.com Daily Mail and Mail on Sunday newspapers.
By Adekunle Williams
Ikeja, Dec. 29, 2020 The Lagos State House of Assembly on Tuesday passed the 2021 Appropriation Bill of N1.163 trillion, seven weeks after the budget was presented to the Assembly by Gov. Babajide Sanwo-Olu.
The House passed the budget after the report of the appropriation was presented during plenary by the Chairman, Joint Committee on Economic Planning and Budget and Finance, Gbolahan Yishawu (Eti Osa II).
The News Agency of Nigeria (NAN) recalls that Gov. Sanwo-Olu had on Nov. 9, presented N1.155 trillion budget for the 2021 fiscal year to the Assembly for approval.
Yishawu noted that the budget passage came after weeks of deliberations, interactions and defence of the budget by the various Ministries, Departments and Agencies (MDAs) before the standing committees of the House.
Daily Post Nigeria
Published
Lagos State House of Assembly, on Tuesday, passed the state government’s N1.164trillion budget for 2021.
It was endorsed after a report by Hon. Gbolahan Yishawu (Eti Osa 2), chairman of the joint committee on Economic Planning, Budget and Finance.
The legislature approved N460,587,43,741 as recurrent expenditure from the Consolidated Revenue Fund and N702,935,416,976 as capital expenditure from Development Revenue Fund.
The Speaker, Mudashiru Obasa, disclosed that during parliamentary sessions, the lawmakers agreed that the Youth Empowerment Scheme (O’YES) of the Ministry of Agriculture, was not yielding the desired results.
Obasa added that the Coconut Agency has been recommended for scrapping, and should be a parastatal under the Ministry of Agriculture.