Lagos state Governor, Babajide Sanwo-Olu, on Tuesday, wrote to the state House of Assembly seeking approval “to reorder the sum of N234.669 billion from the 2023 budget of N1.768 trillion.”
Sanwo-Olu said the reordering would enable the government to focus more on capital expenditure and palliatives to cushion the effects of the current economic challenges faced by residents of the state, according to a statement by the Media Assistant to Speaker Mudashiru Obasa, Eromosele Ebhomele.
“In a letter read by the Clerk of the House, Barrister Olalekan Onafeko, at plenary on Tuesday, Governor Sanwo-Olu told Speaker Mudashiru Obasa and the lawmakers that the state was increasingly confronted with the need of his administration to meet the yearnings of the people.
“The governor noted that the 2023 budget had been partially implemented, adding that as of 30 June 2023, it had 76 per cent overall performance,” the statement said.
The statement quoted part of the letter dated October 9, 2023, to have read, “We noted that some of the major MDAs that are supposed to implement the capital expenditure are performing below expectation while others have almost exhausted their budgetary provisions.”
Sanwo-Olu added that the government was working to ensure greater performance of the capital expenditure.
“Apart from this, we are confronted with the need of this administration to meet its electoral promises to the citizens and have resolved to take advantage of the clement weather conditions in the later part of this year to complete various projects,” the letter partly read.
He said the reordering had also become expedient to help ameliorate the effect of the removal of fuel subsidy and the harmonisation of the exchange rates which have resulted in economic challenges for the citizens.
“He listed some of the projects meant to be implemented with the reordered budget to include the Phase One Blue Line Rail, provision of programmes and projects for social inclusion, gender equality and youth, completion of Lekki-Epe Road Phase 3, provision of security and emergency equipment as well as zero-tolerance for potholes,” the statement added.
The statement also noted that Sanwo-Olu sent the name of Kemi Ogunyemi for confirmation as a member of the State Executive Council.
