The Governor of Lagos State, Mr. Babatunde Fashola has presented an estimated budget of N489.690 billion for the 2015 fiscal year before the House of Assembly.
Analysing the breakdown of the budget, he said a total sum of N107.690 (22.0 per cent) would be spent on general public service; N15.547 (3.2 per cent) on public order and safety; N146.306 (29.9 per cent) on economic affairs; N34.953 (7.1 per cent) on environmental protection; N49.033 (10.0 per cent) on housing and community amenities; N44.617 (9.1 per cent) on health, N3.118 (0.6 per cent) on culture and religion, N82.114 (16.8 per cent) on education, N1.589 (0.3 per cent) on social protection, N2.260 (0.5 per cent) on planning reserve and N2.448 (0.5 per cent) on contingency.
The governor noted that 2015 budget maintained the same size as 2014 budget and he will not be fully implementing the budget as a new administration would be elected in the next few months.
He also said “The Federal Government is still owing Lagos State Government N51Billion certified and unpaid, out of N59Billion expended on Federal Government roads in Lagos. They are also owing pension obligations of N673, 673,355.25, which they have not paid.”
He lamented the reduced patronage of the tourism and entertainment facilities that have occurred in the aftermath of the Ebola outbreak.
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