The Lagos State government has said its 2016 budget will deepen the
goals of job creation, poverty eradiation and wealth creation. It also
put the half year performance of the current budget at 63 percent.
The Permanent Secretary, Ministry of Economic Planning and Budget, Mr.
Kadri Abayomi made this known yesterday at the 2016 Budget
Consultative Forum organised by the Ministry at Adeyemi Bero
auditorium, Ikeja, Lagos.
He said the forum, which had in attendance the Oba of Lagos, Oba
Riliwanu Osuolale Akiolu, Executive Secretaries of several local
government councils, traders, professional bodies and Non-Government
Organisations (NGO), was meant to further entrench the present
government’s commitment to participatory governance.
The Permanent Secretary said the forum was organised to promote
Citizens’ Participation in budget preparation, update Stakeholders on
the Half-year performance of the Y2015 Budget and obtain inputs,
contributions and opinion on the Y2016 Budget process. He assured
participants that the government, pursuant to her public engagement
posture, would accommodate all shades of opinion in preparing the
budget in order for it to satisfy the yearning and aspiration of all
strata of people of Lagos State.
He said the priority areas in the Y2016 budget be Security, Economy,
Infrastructure, Healthcare, Social Welfare, Good Governance, Justice
and Sports, adding that Sectoral allocation in the budget will reflect
government priority areas as illustrated in the Lagos State
Development Plan 2012-2025, manifesto.
Abayomi said the priority of Governor Akinwunmi Ambode will be on
reducing expenditure on governance as well as prepare the state for
Sustainable Development Goals (SGDs) as Millennium Development Goals
(MDGs) winds up.
The Y2016 Budget Fiscal Strategy, he added, is to entrench Sustainable
Government expenditure through the adoption of more accurate revenue
estimates and the continued realistic growth in internally generated
revenues, taxes and non-tax revenues by deepening the tax base and tax
net; ensure sustainable fiscal balance with appropriate level of
Public Sector borrowing and acceptable aggregate public debt; to put
the Oracle System to optimum use and block leakages and wastages.
He said: “Y2016 Budget will also sustain the Capital / Recurrent Ratio
within the acceptable range of 60-52: 40-48, focus on government key
priority areas, employ Budget Profiling System (BPS) for better cash
management, lay emphasis on maintenance of public assets, effective
management of parastatals agencies and departments in order to reduce
their dependence on State’s finances and deepen the goals of job
creation, poverty eradication and wealth creation.”
Kadri reported that all the observations raised at the past Budget
Consultative fora and Economic Summits had helped the government to
run a peoples based government. He noted that most of the roads and
other infrastructure that the governments’ attention was drawn to at
the last Consultative Forum have been attended to by either
rehabilitation or construction.
The Permanent Secretary mentioned that the ₦498.690bn Budget for
Y2015, funded some major ongoing infrastructural projects and new
initiatives; such as the Light Rail Project, expansion of Mile 12 to
Ikorodu Road which he noted was nearing completion; Adiyan Water Plant
Phase II, New Sewage Treatment Plants at Itedo and Odo Iya Alaro to
improve waste water management in the State. Also, the expansion of
reticulation network for water supply, expansion of Lagos-Badagry
Express way Phase II and the construction of Obafemi Awolowo way,
Ikorodu were some of the major projects impacted by the budget.
The government of Akinwunmi Ambode, he emphasized, is poised to build
infrastructure of the mind of Lagosians, because the Governor believes
that no matter how much is expended on physical infrastructure,
without a renewed mindset of maintenance and collective ownership
through enlightenment, such huge investment will be undermined.
Kadri therefore, appealed to all participants at the forum which
included Non-governmental Organisations, traditional rulers, Civil
Society Groups, youths, market leaders, artisans and other interested
members of the public to cooperate with the government in all her
programmes and policy initiatives to jointly build the state.
In his goodwill message, Oba Akiolu, who praised the present
government for his strides since he assumed office. He charged the
Ministry to take the consultative forum to all the nooks and crannies
of the state to get the impression of the grassroots for whom the
budget is made.