Sanwo-olu signs highest state budget of N1.168tn
THE Lagos State Governor, Mr Babajide Sanwo-olu, has signed the state’s N1.168tn 2020 budget into law.
The governor assented to the Appropriation Bill at a short ceremony in Alausa on Tuesday.
He pledged that his administration would be open and accountable in the implementation of the budget.
At the budget-signing event attended by members of the executive council and the state lawmakers, Sanwo-olu described the ratified expenditure as a “New Year present” to all residents of the state.
He said his administration’s efforts to deliver a ’Greater Lagos’ had gained additional momentum.
He said, “Now is the time for members of the State Executive Council who will be implementing this budget to demonstrate their tenacity to the vision of achieving the Lagos of our dreams.
“We must display the conviction that we can do the job given to us by all residents of Lagos.
“With the speedy passage of the budget, the responsibilities cut out for us have gained additional momentum.
“The effort to achieve our development agenda has just started, because this is first budget this administration will be implementing in full cycle.
“We are hopeful that we would have improved the quality of life of residents at the end of the budget year.”
Sanwo-olu commended members of the Assembly for the accelerated passage of the budget.
The Speaker, Mudashiru Obasa, hailed the governor and his team for the timely transmission of the budget to the House for legislative scrutiny.
The Speaker noted that the Assembly was thorough in the process of scrutinising the budget.