SAN FRANCISCO, January 03, (THEWILL) – Lagos State Commissioner for Budget and Economic Planning, Olusegun Banjo, has revealed that the 2019 Budget has been presented before the State House of Assembly.
According to Banjo, a budget of N852.317billion was forwarded to the House by Governor Akinwunmi Ambode.
The contents of the budget was intended to be read before the house on December 24, 2018 but the session was postponed.
Giving broader details, Banjo said in a statement on Wednesday that the Governor had sent a verbal information to present the budget after the State Executive Council approval on December 19, 2018.
However the presentation was postponed as the House was on recess and thereby could not form a quorum.
He said in order to meet the traditional presentation, a formal letter was sent to the House on Friday, December 28, 2018, forwarding the contents of the budget.
Also, it is expected that when the House reconvenes, the Speaker would inform members of the content of the Budget proposal sent by the Governor and take necessary action.
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