Sanwo-Olu signs N873 billion Lagos 2019 budget into law


…Promises Speedy Implementation

Lagos State governor, Mr Babajide Sanwo-Olu on Monday signed into law the 2019 Appropriation Bill.

The bill with a total budget of N873,532,460,725 is a 55% capital expenditure and 45% recurrent expenditure.

Out of the amount, a sum of N393,841,387 is allocated for recurrent expenditure while N479,691,730,705 is for capital expenditure.

The governor, after signing the bill thanked the House of Assembly for passing the bill adding that his administration can take off with implementation.

“I want to thank you on behalf of Lagosians. We will ensure speedy implementation of the bill by ensuring a quick distribution to all ministries and agencies so that Lagosians can enjoy the full benefits of it,” he promised.

He expressed appreciation and applauded the efforts of the Lagos State House of Assembly in passing this law and three others which he assented to describing them as laws to put the state on the path of progress.

While presenting the appropriation bill, Chairman House Committee on Appropriation, Honourable Gbolahan Yishau, who represented the Speaker, Lagos House of Assembly, Hon. Mudashiru Obasa, said the budget would help the state government to handle some sensitive issues and consolidate on the gains of democracy in Lagos State

Sanwo-Olu also signed into law the Domestic Staff Service Provider Bill.

The law, according to Hon. Moji Meranda would make it mandatory for providers of domestic staff to register with the state government.

“The government would be able to collect and collate data of domestic staff in the State, monitor and control activities of domestic staff service providers, give access to their premises, sanction the providers and renew their certificates.

“This law will help to protect lives of all Lagosians. The government would be able to do background check on domestic staff being employed so that people can have confidence in who they are employing,” she said.

Also signed into law was the bill establishing the Lagos Neighbourhood Watch Agency. The law enables the Lagos Neighbourhood Service Corps to assist security agencies in providing safety in the state.

The Lagos State House of Assembly Service Commission amended bill was also signed into law by the governor.

According to the Chairman, House Committee on Finance, Hon. Yinka Ogundimu, the law would extend the tenure of the chairman of the commission to five years as well as allowing staff of the House of Assembly to enjoy welfare benefits enjoyed by other staff of the state government.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.


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