News Beyond Boundaries

Days after inauguration, Sanwo_olu set to sign N873billion budget

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By Bukola Olasanmi

Governor Babajide Sanwo-Olu is set to sign the Lagos State 2019 budget worth N873.5bn, that his predecessor, Akinwunmi Ambode was unable to sign before leaving the office.

The budget proposal of N852bn was submitted to the Assembly on February 5, 2019 by former governor Ambode but N21bn was added to the budget by the lawmakers.

Ambode was threatened with impeachment for delaying the submission of the budget proposal

However, after submitting the budget, the House deliberated on it and finally passed it on April 30, 2019.

Sources within the state government told our correspondent that the Assembly held unto it for four weeks and submitted it to Ambode on the eve of his exit.

A source said, “The governor submitted a budget of N852bn based on the revenue projections of the state and federal allocation. However, the lawmakers padded the budget by N21bn and held unto it, knowing that Ambode, who is an accountant and permanent secretary, would not sign it without scrutiny.

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