Lagos targets 95% budget performance by year end – WorldStage
LR: A White Cap Chief representing the Oba of Lagos, Oba RIlwan Akiolu; Oba of Igbobi-Sabe, Oba Owolabi Adeshina Adeniyi; Special Advisor to the Governor of Lagos on Economic Planning and Budget, Aare Bayo Sodade; Onisiwo of Abagbo and Tomoro, Oba Mohammed Musiliu Yussuff and the Permanent Secretary of the Ministry of Energy and Mineral Resources, Mrs. Shola Shasore during the consultative forum on the ongoing Y2023 budget of the Lagos Island Division, at the Agip Recital Hall, MUSON Centre, Marina, at weekends.
The Lagos State government over the weekend expressed hope of achieving 95% budget performance by the end of the year as it continues to engage stakeholders in the preparation of the plan financial year 2023.
It is worth recalling that almost a fortnight ago, Commissioner for Economic Planning and Budget, Mr. Sam Egube, reviewed the total fiscal performance of Y2022 at 77% of N675 billion spent out of N880 billion. naira and total revenue realized at 81%.
Represented by the Governor’s Special Advisor on Economic Planning and Budget, Aare Bayo Sodade during the ongoing Y2023 Budget Consultative Forum for Lagos Island Division this weekend, held at the Agip Recital Hall, MUSON Center in Marina, said that the Sanwo-Olu administration has set initiatives to be achieved by the end of May 2023, which was decided during one of the meetings of the Executive Council of the State.
He noted that within 280 days of the end of the current administration, some projects and initiatives in line with the THEMES development program would be completed.
He said: “For the 2022 budget, our revenue is 81% and the total budget performance is 77%. We hope that towards the end of the year we will get closer to 80-95% performance.
“There are approximately 28 “Must Deliver” initiatives for the THEMES program which must be completed by May 29, 2023, as agreed at the Lagos State Executive Council.”
Appreciating past and current Governors of Lagos State, Oba of Igbobi-Sabe, Oba Owolabi Adeshina Adeniyi commended the administration of Governor Babajide Sanwo-Olu and urged people to pray more for the Governor as he continues to implement people-oriented projects and programs.
The Consultative Forum seeks transparency in the state budget preparation process and also a means for the government to inform stakeholders about the semi-annual performance of the budget, as well as solicit their views and input. Other dignitaries present were White Cap Chiefs representing the Oba of Lagos, Oba RIlwan Akiolu; Onisiwo from Abagbo and Tomoro, Oba Mohammed Musiliu Yussuff; Permanent Secretary, Ministry of Energy and Mineral Resources, Ms. Shola Shasore; Director of Budget, Mr. Ibrahim Bajomo; local government officials; Community and religious leaders, professionals, chairpersons of community development committees (CDCs) and community development associations (CDAs), business groups, NGOs, youth organizations, people living with disabilities (PLWD) and the organized private sector.