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Ambode Signs N662.588billion Appropriation Bill Into Law



Akinwunmi-AmbodeGovernor Akinwunmi Ambode of Lagos State on Monday assented to the 2016 Budget, saying it would be primarily driven by Internally Generated Revenue.

Mr. Ambode said this while signing into law the 2016 Appropriation Bill at the Lagos House, Alausa, Ikeja.

It was presented to him by Rotimi Olowo, chairman, Lagos State House of Assembly Committee on Economic Planning and Budget.

Mr. Ambode had presented the budget of N662.588 billion to the Assembly for consideration on December 17.

“Consequently, I appeal to all tax payers to fulfil their civic obligations as we promise to leave no stone unturned in delivering value for every Kobo spent”, he said.

Mr. Ambode said the budget would enable his administration focus on the present challenges of security, traffic gridlock resolution, as well as physical and social infrastructural development.

He said those challenges had thrown up new ones quite different from past experience.

According to him, the total revenue estimate for 2016 fiscal year is N542.873 billion, which shows that the balance of N119.714 billion will be funded through deficit financing.

He said the capital expenditure was N386.933 billion and recurrent expenditure of N275.655 billion with an aggregate capital to recurrent ratio of 58:42.

The governor commended the legislature for expeditious passage of the bill.

Giving the breakdown, Akinyemi Ashade, the Commissioner for Economic Planning and Budget, said that Lagos state Internal Revenue Service was expected to generate N300 billion of the total IGR.

He said the estimated total revenue was N542.873 billion with the balance of N119.714 billion expected to be funded through a combination of internal and external loans.

This, the commissioner said would include the World Bank DPO 3 loan which could not be accessed in 2015.

Mr. Ashade said the 2016 budget was 26 per cent higher than the budgets of 2014 and 2015, respectively.

He said that the IGR was approximately N419.826 billion of the total revenue.

“We do not intend to introduce new taxes in 2016 but rather bring more citizens into the tax net especially the informal sector through the adoption of an automated process to block leakages”, Ashade said.

He said the underlining principles of the budget included planned and systematic maintenance of existing and new infrastructural facilities as well as completion of ongoing projects.

Others are payment of outstanding liabilities, sustenance of goals of job creation, poverty eradication and wealth creation.

He said that education was given priority with total funding of N86 billion.

The commissioner said the state government would spend N89.9 billion on the construction, rehabilitation and maintenance of roads and public buildings.

“We will be advancing the 10-lane Lagos -Badagry expressway and commence rehabilitation on others spread across the state that have been provided for in the budget”, he said.

On transportation, he said N48.9 billion would be spent on various transportation initiatives such as the completion of the Blue rail line and expansion of BRT corridors.

On Agriculture and Food Security, he said the sum of N6.8 billion had been allocated to cover the state’s accelerated food expansion programme on rice production, animal husbandry and root crops.

“We are collaborating with a northern state in the development of a commodity Value Chain, specifically on rice production”, Ashade said.

He said N2.2 billion had been earmarked for tourism, while N6.2 billion was allocated for commerce and industry, ongoing development of Lekki Free Zone and industrial park at Imota and other areas.

Mr. Ashade said that the Wealth and Creation sector got N25 billion, while Women Affairs was allocated N1.82 billion for various initiatives for women and maintenance of skill acquisition centres, among others.

“Wealth and Creation received due attention under this budget with commencement of the implementation of the Employment Trust Scheme.

“A sum of N25 billion will be earmarked for this initiative over a four year period”, he said.

He said N27 billion is allocated to Environment for completion of new sewage treatment plant at Odo Iya- Alaro and implementation of waste water development plan in various housing estate schemes.

Mr. Ashade said N17.6 billion was earmarked for provision of potable water, while N25.3 billion would be spent on housing.

He said N46.9 billion was allocated to the health sector, while N2.3 billion was earmarked for sports development.

Mr. Ashade said N1.4 billion was allocated for Youth and Social Development, while 10.8 billion would be spent on governance.

He said 6.5 billion was set aside for pensions, while N9.6 billion and N23.5 billion would be spent on Science and technology, and security, law and order, respectively.

Mr. Ashade assured that the budget would provide opportunity for employment and growth. (NAN)

Metro News

Nigeria Ranks Third On Global Terrorism Index Despite Drop In Deaths – Report



Nigeria Ranks Third On Global Terrorism Index Despite Drop In Deaths – Report

Boko Haram

Nigeria has been ranked as the third most terrorized country in the world according to a 2020 report by the Global Terrorism Index (GTI).

The report which was released on Wednesday, ranked Nigeria third only behind war-torn countries of Afghanistan and Iraq.

According to the GTI report, Nigeria witnessed an increase in Boko Haram attacks in the period under review, witnessing her worst terrorist attack in 2019 in northeastern Borno State, where at least 70 people were killed and 10 others wounded when insurgents attacked at a funeral.

Also Read: Presidency Clears Air On N150,000 Monthly Payment To Repentant Boko Haram Members

“Over the past year, Boko Haram increased attacks on military targets, with deaths rising from 26 in 2018 to 148 in 2019,” the report said.

However, the report recognized that terror-related incidents in the country fell by 27% in the same period due to a significant reduction in violence attributed to killer herdsmen.

“This reduction occurred despite a small increase in deaths attributed to Boko Haram, which has been the most active terrorist group in the country over the past decade. Deaths from terrorism in Nigeria are now 83 percent lower than at
their peak in 2014.”


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Nigeria’s Communications Minister, Isa Pantami, Loses 13-year-old Daughter



Nigeria's Communications Minister, Isa Pantami, Loses 13-year-old Daughter

Communications minister, Isa Pantami

Minister of Communications and Digital Economy, Isa Ali Pantami, has announced the loss of his 13-year-old daughter, Aishah Isa Ali.

The Minister took to his Twitter account on Monday night to announce this sad news.

Pantami stated that the funeral prayer for the deceased will be conducted in Abuja on Tuesday at Annur Masjeed, Wuse 2.

Also Read: Gunmen Evict NIDCOM Staff From Office On Minister’s Order

The post by the minister announcing the incident reads; “Inna lil Laahi wa inna ilaiHi Rajiun! My 13-year old daughter, Aishah Isa Ali (Amal) passed away just a moment ago.

“Due to some necessities, funeral prayer tomorrow at Annur Masjeed, Wuse 2, immediately after Zuhr prayer In sha Allah. May Allah forgive and be merciful to her.”


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Metro News

Cult Violence: Wike Imposes Two-Week Curfew Around Okoro-Nu-Odu



Cult Violence: Wike Imposes Two-Week Curfew Around Okoro-Nu-Odu

Governor Wike

Governor Nyesom Wike of Rivers State has imposed a 24-hour total curfew for two weeks on some parts of Port-Harcourt, the state capital.

The Governor made this known during a broadcast on Sunday where he noted that the curfew begins from Monday 23rd November 2020.

The statement noted that the upsurge noticed by the state government in cases of cult activities, other forms of violence, and killings is responsible for the curfew.

Also Read: Umahi Unhappy With PDP Because Atiku Picked Peter Obi – Wike

Wike in the statement declared that the entire area along and around the Okoro-nodu flyover up to a one-kilometre radius from Saint Emmanuel Anglican Church, Rumuokoro, extending to the Rumuodomaya Slaughter and Local Government daily market will be affected.

He added that no form of trading, human or vehicular movement is allowed in the affected areas until further notice.

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