As members of the Lagos State House of
Assembly resumes today after three weeks of
recess, there are strong indications that the state
Governor, Akinwunmi Ambode may present to the
assembly, a bill for the re-ordering of N489.69
billion, 2015 Appropriation Budget.
The reordering, according to informed source that
preferred anonymity, became necessary in view of
the present economic realities and to accommodate
the attendant effect of the restructuring in
Ministries, Departments and Agencies, MDAs, in the
state.
Also read: Ambode appoints new heads of safety
commission, water regulatory board
Sequel to this development, the governor had held
several crucial stakeholders meetings with relevant
government officials with the aim of working out
modality for the budget re-ordering.
Therefore, Ambode, it was gathered has concluded
plans to re-order the 2015 Appropriation Law,
signed by Fashola on January 11th, 2015, which was
a Sunday to specific.
A similar measure was taken in 2014 when the then
Lagos State Governor, Babatunde Fashola, re-
ordered 2014 Appropriation Bill to the tune of
N11.66 Billion which arose as a result of increased
need to spend a little more than anticipated on the
delivery of state projects.
The reordered Budget of N11.66 Billion was made
up of N7.2 Billion into recurrent expenditure and
N4.46 Billion into capital expenditure representing
a ratio of 51percent for capital to 49 percent for
recurrent.
- News 24
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