Lagos State Governor, Babajide Sanwo-Olu on Friday, November 8th presented a budget of N1.168 trillion to the Lagos State House of Assembly for approval for the 2020 fiscal year.
The proposed budget is to be funded by a projected Total Revenue of N1.071 trillion and a deficit amounting to N97.53 billion. The budget size is higher than the 2019 budget by 34%. Capital Expenditure amounts to N723.75 billion while the Recurrent Expenditure is N444.81 billion, giving a 62:38 capital to recurrent ratio.
According to Sanwo-Olu, “This, in our view, is strong for development. We have placed an increased focus on wealth creation where we will take deliberate steps in courting a partnership between our people and various development institutions.
“In line with this, we have provided N11.8bn as counterpart funds in preparation for various social impact schemes. In addition, we have made provisions for N7.1bn this year, to provide for industrial hubs, parks, graduate internship programs and virtual markets for artisans. This is in support for Micro, Small and Medium enterprises which are the engines for both economic and employment growth.
“It is equally proposed that a total of N167.81 billion of the Recurrent Expenditure shall be applied towards personnel costs and other staff-related expenses. This represents 22.02% of the proposed Total Revenue, which is within the acceptable wage policy of 25% of Total Revenue, and includes a provision for the new minimum wage.
“The budget deficit of N97.53 billion will be financed by both internal and external loans. Since revenue generation is the spine of any budget, this budget supports investment in our revenue generating agencies. This budget seeks to aggressively invest in and develop our education, health and other physical infrastructure sectors. Although our capital spent on works and infrastructure was just N31 billion as at September 2019, as against the 2019 budget proposal of N78 billion, it is our intention to spend N115 billion in 2020,” he said.
The governor said Education would see a significantly increased capital budgetary allocation of N48 billion, an increase of 60% over the 2019 provision of N30 billion, adding that “we must improve the standard and relevance of our education outcomes to our industries. We will work together with our Local governments to strengthen early child education and teachers training/administration, leveraging technology.
“Similarly, in healthcare, we have provided for a capital expenditure of N33 billion, compared to the 2019 budget proposal of N21 billion. We will ensure that our primary health care institutions remain active and attractive to the primary health care needs of our people. Lagos belongs to us all; we will continue therefore to drive partnerships with the private sector in promoting health services within our institutions.
“Given the perennial challenges of flooding in the metropolis, we have tripled the capital budget provision to tackle this from N3 billion in 2019 to N9 billion in 2020,” he added.
Sanwo-Olu stated that wider consultation was made in the three senatorial districts, in addition to taking memoranda and feedback from stakeholders’ meetings organized by members of the House within their constituencies, which were also attended by Cabinet members, adding that the 2020 Budget would be supported by a Performance Management System that would ensure that, by December 2020,” we shall achieve an optimal budget implementation when compared with previous years. This is in line with our commitment to transparency and accountability in the management of public finances.”
How Wife Of MAERSK Nigeria MD Was Killed By Daredevil Armed Robbers
The Lugard Road, Lagos home of the Managing Director of MAERSK Nigeria, Mr Gildas Tohouo was invaded by daredevil armed robbers on Sunday 8th December, 2019.
During the invasion, Tohouo was stabbed by the assailants alongside his Hungarian wife, who died from the incident.
The MD is said to be a Cameroonian.
However, Mr Tohouo, who survived the attack, is said to be in a very critical situation at an undisclosed hospital in Victoria Island, not too far from their Ikoyi residence.
It was revealed that the incident occurred at about 8 – 9pm on the fateful day, while an expert in the same building was having a party.
Sources stated that the building maintenance man/ electrician brought in an accomplice under the guise of being a guest at the party.
“Once in and plan finalized, he tripped off the light to the victims’ residence and asked for access to the victims’ apartment to resolve the fault.
“Being a known person, Tohouo gave access and the two culprits proceeded to stab his wife fatally.
“The MD was able to send SOS text before he was accosted and also stabbed severally. MAERSK team received the SOS and mobilized policemen to the location in Ikoyi.
“Some suspects were arrested after a thorough search of the premises and the death of the deceased was confirmed, while Tohouo is responding to treatment,” said a source..
It was gathered that two of the domestic staff present, when the unfortunate incident occurred have been arrested by men of the Lagos Command of the Nigeria Police and are being interrogated.
The suspects, Olamide Goke and Ade Akanbi, who were allegedly found with the knife believed to have been used during the operation, were reportedly helping security operatives get to the root of the matter.
Reports say none of the couple’s three children was attacked by the hoodlums during the invasion.
Confirming the attack, a statement issued by MAERSK Nigeria and signed by one Mr Richard Smith, quoted the Regional Managing Director of Africa for A.P. Moller, MAERSK, Mr David Williams, saying that, “We are very sorry to confirm that a colleague and his family have been attacked in their residence in Lagos, Nigeria.
“Tragically, the wife of our colleague passed away at the scene. Our colleague is in the hospital, where his condition is critical, but stable. The three children are all safe and accounted for.
“Our thoughts and deepest sympathy goes to the family. We will do whatever we can to support them in this tragedy.
“The relatives of the family are in the process of being notified. Relevant authorities are investigating the incident. Maersk is supporting the investigation in every possible way.”
Completely sick. It was a robbery organised by some maintenance guys working in his compound at Lugard Road. They’ve been apprehended.”
Oniru Obaship Stool: Enough Of Lies
By Babatunde Olowu.
It has become necessary to nip in the bud the vicious lies being shamelessly peddled by certain unscrupulous fellows who have allowed their greed to rob them of their senses. Where good people choose to stay away while untruths are being fed to the people, they (the good people) enable the ground upon which the truth is forever lost, actual history is interred and the lies become the new truths.
The desires of certain persons to illegally appropriate the currently vacant stool of Oniru of Iruland has foolishly caused them to fabricate history and feed their fabrications to the innocent members of the public. After several failed previous attempts at selling their fabrications to the people, they have invented a new one wherein they are claiming that a certain ruling house within the Oniru Royal Family had been occupying the Obaship stool of Oniru of Iruland for the past 75 (Seventy Five) years. This claim, we must say, is the height of falsity. That any lineage has been occupying the Obaship stool of Onri of Iruland for the past 75 (Seventy Five) years is both factually unfounded and legally ungrounded.
To set the record straight, it is a verifiable fact that there has been only 1 (one) Kabiyesi Oniru of Iruland from time immemorial till date. The Late Kabiyesi, Oba Abidoun Idowu Oniru has been the only Oba of Iruland till date. Therefore, we must not fail to ask these evil people who are hell bent on wanting the people to believe that the one family has been occupying the Obaship stool of Iruand for a phantom period of 75 years to please tell the world who the occupants are prior to the late Oba Abidoun Idowu Oniru. Just like in the case of Obaship of Ikate, only one Eleguishi of ikateland reigned before the present Oba who incidentally is the son of immediate past Oba.
To further expose the lies, prior to 1995 when the late Oba Abidoun Idowu Oniru was crowned as the first Oba of Iruland, what obtained was a chieftaincy position. One does not require any form of formal education in order to appreciate the difference between a king and a chief.
May we advise that rather than resorting to harmful lies, these peddlers of falsehoods may vie to be chiefs, if they so desire: the only obstacle is that even to become a chief in Iruland or anywhere else in Lagos State, integrity is key (a quality they apparently lack).
It is not much of a surprise that these unscrupulous fellows would take this path of dishonour and shamelessly seek to mislead our people: we know their antecedents. Persons that have built a culture out of deceiving people cannot change over night. As the saying goes: eefin ni iwa.
We will not repeal pension law for ex-governors- Lagos state House of Assembly
Lagos State House of Assembly says it will not repeal the state’s pension law permitting former governors and other public office holders to receive juicy pensions from state coffers.
Tunde Braimoh, Chairman, House Committee on Information and Strategy, had a chat with NAN where he said the Lagos State Assembly would not go the way of the Zamfara Assembly which recently repealed pension law for its former governors.
A Federal High Court in Lagos last week ordered the Federal Government to recover pensions collected by former governors now serving as ministers and members of the National Assembly.
Speaking during the interview, Braimoh said no court has the jurisdiction to repeal a state’s law.
“The Supreme Court had made it clear several times that no arm of government can repeal the constitutional provisions of another arm of government. Therefore, legislators make laws that are in tune with the yearnings and dynamics of their society. Until another legislature comes to alter, review or amend the law, the law is meant to be obeyed. The judiciary cannot pronounce that a law by the state is unconstitutional unless such state law is contradictory to the constitution” the lawmaker said
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