Ambode signs Lagos 2016 budget, assures full implementation


Lagos State Governor Akinwunmi Ambode yesterday signed the N662.588 billion year 2016 Appropriation Law and assured the people of the state that the budget would be faithfully implemented in line with the determination of his administration to make the work for all. At a brief ceremony held at the Banquet Hall, Lagos House, Ikeja, Ambode said the budget was the article of faith of his administration with Lagosians in line with delivering on the promises made to the people. \r\n\”The budget will enable our government focus on the present challenges of security, traffic gridlock resolution including physical and social infrastructural developments which have thrown up new challenges quite different from our past experience\”, he said. \r\nThe governor who thanked the House of Assembly for speedily ensuring passage of the bill which he presented to the House on December 17 and passed on December 31, noted that it was no mean feat considering the long hours spent and meticulous scrutiny provided by the House Committee on Appropriation. Alluding to the fact that falling crude oil prices had sprung up economic challenges and affected federal allocations, he said the budget would be driven by Internally Generated Revenue (IGR).

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