Sanwo-Olu Calls for Addition to Budget, Alternative Income Source

In News 2019-10-15 16:38:39
Sanwo-Olu Calls for Addition to Budget, Alternative Income Source
Sanwo-Olu Calls for Addition to Budget, Alternative Income Source

By Samuel Victor Akpan

 

Lagos State Governor, Babajide Sanwo-Olu, has requested for an amendment of the 2019 Budget to specifically drive capital expenditure to accommodate the completion of various ongoing projects.

 

Sanwo-Olu gave the request which was read during Tuesday's plenary by the Clerk of the House, Azeez Sanni.

 

The governor who is requesting for N34.05bn to be reordered to the 2019 budget, said the road to making Lagos state achieve mega city status begins with bridging the infrastructural gap in the state.

 

He however decried the state’s current revenue generating means to facilitate the said projects and called for an “alternative interim source of funding.”

 

“There is need to address some of the infrastructural gap in the state in order to prepare the state for a smart mega city status”, read Sanni.

 

“However our current revenue generating level is inadequate to fund all the necessary projects in the 2019 budget hence the need to seek alternative source of funding in the interim, while we seek means of improving our internally generated revenue.”

 

Sanni also revealed some of the ongoing projects in the state which includes: provision of security and emergency equipment, completion and rehabilitation of schools, and zero tolerance for pot-holes.

 

According to Sanni on road reconstruction, some of the roads to be rehabilitated include Lagos-Badagry Expressway, Agege-Pen Cinema Bridge, Agric-Isawo Road.

 

Correspondent Babatunde Pratt reports that the request follows Governor Babajide Sanwo-Olu's order for an emergency rehabilitation of roads in the state.

 

There is need to address some of the infrastructural gap in the state in order to prepare the state for a smart mega city status. However our current revenue generating level is inadequate to fund all the necessary projects in the 2019 budget hence the need to seek alternative source of funding in the interim while we seek means of improving our internally generated revenue.

 

Additional reports by Bimbo Awoyele and Babatunde Pratt