The Lagos State Government says it has recovered 1.2 billion naira in excess bank charge over the period of six years and generated 127 billion naira Internally Generated Revenue in the first quarter of the year 2021.
The Commissioner for Finance, Mister Rabiu Olowo made this known at the state ministerial briefing ahead of Governor Babajide Sanwo-Olu’s two years anniversary.
Mr. Olowo says the year 2020 ended with 88 percent budget performance, with a capital recurrent expenditure of 56:44%.
The expenditure performance for the first quarter of the year 2021 stands at 69% with a Capital Expenditure Ratio of 42:58%.
To achieve efficiency and reduced Cost of Fund, the commissioner also says the State successfully re-negotiated its existing debt obligation from 19% to 14% and further down to 12% which brought about N8.9bn savings.
Bode George, a chieftain of the Peoples Democratic Party
(PDP), says he will cease to be a Nigerian should Bola Tinubu, national leader
of All Progressives Congress (APC), become president.
Although Tinubu has not yet expressed his interest in
running for office in 2023, many of his supporters have been urging him to
contest the presidency.
Speaking during an Arise TV programme on Friday, George
called on the Economic and Financial Crimes Commission (EFCC) to investigate
Tinubu’s tenure as Lagos state governor and his alleged involvement with Alpha
Beta Consulting, a tax firm.
He said: “I’ve talked about it and I’m still saying publicly
A chieftain of the Peoples Democratic Party, PDP, Chief Bode George, has said he will cease to be a Nigerian should national leader of the All Progressives Congress, APC, Bola Ahmed Tinubu, become president come 2023.
Tinubu has neither confirmed or denied the growing speculation that he is planning to run in the 2023 presidential election as the flag bearer of the ruling APC.
But appearing on Arise TV programme on Friday, George, an elder statesman, wondered why the Economic and Financial Crimes Commission (EFCC) has yet to open an investigation into the financial activities of Tinubu during his time as Governor of Lagos state.
Bode George: If Tinubu becomes president, I’ll cease to be Nigerian
May 07
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Although Tinubu has not yet expressed his interest in running for office in 2023, many of his supporters have been urging him to contest the presidency.
Speaking during an Arise TV programme on Friday, George called on the Economic and Financial Crimes Commission (EFCC) to investigate Tinubu’s tenure as Lagos state governor and his alleged involvement with Alpha Beta Consulting, a tax firm.
He said: “I’ve talked about it and I’m still saying publicly that the EFCC should go urgently and investigate Alpha Beta Company owned by him.
Daily Post Nigeria
Published
As the July 24 local government elections draw closer, the All Progressives Congress (APC) has released guidelines for aspirants.
The party, according to a statement by its spokesman, Tunde Oladunjoye, on Friday, announced the commencement of sales of Expression of Interest Forms.
DAILY POST learnt that the forms are for members seeking election into the offices of Local Government Chairmen and Councilors.
In the statement, Oladunjoye urged interested members to obtain the forms from the state secretariat between Friday, May 7 and Wednesday, May 12, 2021.
He stated that, “Chairmanship aspirants are to pay a non-refundable fee of N200,000, while councilorship aspirants are to pay N50,000 only.”