Lagos State Governor, Babajide Sanwo-Olu has written to the State House Assembly seeking Rearranging of the sum of N234.669 billion from the 2023 budget of N1.768 trillion.
Sanwo-Olu in the letter said the Rearranging would allow the government to focus more on capital expenditure and palliatives to cushion the effects of the current economic challenges faced in the state.
Clerk of the House, Barrister Olalekan Onafeko, at plenary on Tuesday read the letter written to the Assembly by the state government.
In the letter, the governor 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 at 30 June, 2023, it had 76 percent overall performance.
“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,” the governor said in the letter dated 9th October, 2023, while noting that the administration plans to spend in priority areas once the approval is granted.
“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 condition in the later part of this year to complete various projects,” the letter explained.
The governor stressed that the reordering is crucial to help improve the effect of the removal of fuel subsidy.
He listed some of the projects meant to be implemented with the rearranged budget to include the phase 1 Blue Rail Line, provision of programmes
Others projects listed are; 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.
