Press Releases

Fashola Signs 2010 Budget, House Of Assembly Service Commission Laws

Mar 1, 2010 - Lagos State Governor, Mr. Babatunde Fashola (SAN), Monday signed into law the State’s 2010 Appropriation Bill of N389, 570, 763,229. 00 saying it remains the foundation upon which the commitment of his administration to deliver on the expectations of the people is built.

Governor Fashola, who also signed into Law a bill to establish the State House of Assembly Service Commission, expressed the view that the Commission would expand the frontiers of the Principles of the Separation of Powers.

In his remarks before the signing of the Appropriation Bill, Governor Fashola explained that Budget, as the facilitator of the commitment of Government to the people, helps it to deliver on their yearnings, bringing meaning and content to democracy.

“This is a Law that enables us to create more jobs; it is a Law that enables us keep businesses alive; it is a Law that enables us to secure the State; it is a Law that enables us provide water supply, to provide food, to keep transportation running, to keep security running, to keep refuse from taking over our State and to do all of the things that are the essential elements of the expectations of our people and to do also the fundamental objectives of why we are here in Government”, the Governor said.

On the House of Assembly Service Commission Law, Governor Fashola said Lagos State as the Centre of Excellence is the most pre-eminent State to lead the expansion of frontier of the Principles of the Separation of Powers which the establishment of the Commission is expected to do.

According to the Governor, “It will give the Parliament the powers to regulate its own affairs”, adding that the Commission would give the lawmakers the power to administer their own conduct.

The 2010 Budget, which was submitted to the State’s House of Assembly in November last year, however, represents a N40 billion downward review of the original bill which stood at N429.596 billion.

The original Appropriation Bill tagged “Budget of Consolidation”, submitted last year by the Governor, represented an increase of N24.6 billion over that of 2009 which stood at N405 billion.

Of the amount, N307.027 billion represents the Total Revenue projection of the Government which comprises of Internally Generated Revenue (IGR) estimate of N204 billion, Dedicated Revenue estimate of N20. 027 billion, Federal Transfer projection of N78 billion and Extra-Ordinary revenue estimate of N5 billion.

Highlights of the Budget showed that Capital Expenditure, in keeping with the tradition of the Government, took the lion share with N250. 778 billion as against the Recurrent Expenditure estimated at N178.818 billion. It also represented an increase of N5.064 billion over that of the 2009 Budget which stood at N245.714 billion.

Also present at the brief ceremony at the Lagos House, Alausa were the Deputy Governor, Princess Sarah Adebisi Sosan, Chairman, House of Assembly Committee on Appropriation, Mr. Kolapo Korede Osunsanya, who represented the Speaker of the State House of Assembly, the Special Adviser to the Governor on Political and Legislative Matters, Hon. Abdulateef Abdulhakeem, Commissioner for Economic Planning and Budget, Mr. Ben Akabueze, Commissioner for Information and Strategy, Barrister Opeyemi Bamidele, other members of the State Executive Council and top government functionaries.