Fashola proposes N489.69b for 2014

Lagos State Governor, Babatunde
Fashola (SAN), has proposed a budget of
N489.69 billion for the 2014 fiscal year to the
House of Assembly.
Fashola, whose budget presentation yesterday,
was before a large audience of stakeholders,
ranging from party chieftains and captains of
industries, amongst others, said the showed a
slight drop of about N10billion from the
N499.604billion of the year 2013 budget.
He said the budget has N234.665 billion as
recurrent expenditure and N255.025 billion for
capital expenditure.
The breakdown showed a Total Personnel
Cost/Total Revenue of 19 per cent; Total
Personnel Cost/IGR, of 27 per cent, and
Personnel Cost as percentage of Recurrent
Expenditure of 37 per cent, anchored on a zero
deficit financing requirement, he said.
The sectoral breakdown is as follows: General
Public Service, N100.215 billion; Public Order &
Safety, N17.977 billion; Economic Affairs,
N160.046 billion and Environmental Protection,
N39.727 billion.
Also, N50.537 billion is allocated for Housing
and Community Amenities; N37.8 billion goes
to Health; N3.482 billion, is set aside for
Recreation, Culture and Religion, while N77.423
billion and N2.466billion are devoted to
Education and Social Protection, respectively.
Fashola, said because this is the last full year
budget that his administration would
implement, there’s a slight reduction in budget
size when compared with the 2013 budget,
stating that its focus is “to complete on-going
projects, and consolidate on the gains we have
made.”
He listed the sectoral highlights of the 2014
budget as; General Public Service, Pensions,
Residents Registration and Issuance of
permanent residents’ cards, implementation of
Public Procurement Law, Public Order and
Safety, Computerisation/Automation of Judicial
procedures, including e-filing, Completion of
on-going High/Magistrate Courts’ projects,
Renovation/Rehabilitation of Court Rooms and
Judges Chambers, and Improving Safety and
Disaster Management.
He said the budget would also focus on
implementation of various Independent Power
Projects, development of Enterprise Zones in
Gberigbe, Ikorodu and Upgrading of Yaba
Industrial Park, advancement of Ten-Lane
Lagos-Badagry Expressway/Blue Rail Line
Corridor, completion of other on-going Road
Construction Projects and pedestrian bridges,
Agric-YES, Accelerated Food Expansion
Program, Rice, Animal Husbandry and Root
Crops, among others.
“One of our programmes that we will be paying
attenition to is the Residents’ Registration
exercise. As I said at the launch, it is for
Residents of Lagos and no more. It seeks to
register everybody who intends to live here for
up to 6 (six) months and beyond, irrespective
of where they come from,” he stressed, adding
that “with effect from the 1st of December
2013, it will be a requirement in terms of
information to be provided in order to enable us
to provide service to you or process requests
from you.”