Lagos State 2019 Budget

Lagos State Commissioner for Budget and Economic Planning, Mr. Olusegun Banjo on Wednesday said that the Lagos State 2019 Budget of N852.317bn had already been presented to the State House of Assembly.

The state government had been criticized for going against its tradition of presenting its annual budget before the beginning of a new year.

In the statement, Mr Olusegun Banjo explained that the 2019 budget was intended to be read before the House on December 24, 2018.

Banjo said Governor Akinwunmi Ambode had sent verbal information to present the budget on December 24, 2018, after the State Executive Council had approved it on December 19, 2018.

But the ceremony was postponed as the House was on recess and could not form a quorum,

he said.

He further explained that in order to meet the traditional presentation, a formal letter was sent to the House on December 28, 2018, forwarding the contents of the budget.

It is expected that when the House reconvenes, the Speaker would inform members of the content of the budget proposal sent by the governor and take the necessary action

Banjo said.

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