Lagos State government has begun engagement of stakeholders in preparation for the year 2023 financial plan, as it targets 95 per cent implementation of the current 2022 budget by the end of the year
Recently, the Commissioner for Economic Planning and Budget, Sam Egube disclosed the state has achieved 77 per cent having expended N675 billion from N880 billion of the budget while 81 per cent of the projected total revenue has been realized.
Special Adviser to the Governor on Economic Planning and Budget, Bayo Sodade at the ongoing Y2023 budget consultative forum for the Lagos Island division at the weekend, held at the Agip Recital Hall, MUSON Centre in Marina, stated that the Sanwo-Olu administration has set a must achieve initiatives before May 2023 elapses which was decided at one of the State Executive Council gatherings.
He noted that with less than 280days to the end of the present administration, some projects and initiatives in line with the T.H.E.M.E.S development Agenda would be completed.
He said “For the 2022 budget, our revenue is performing at 81 per cent and the total budget performance is 77 per cent. We hope that towards the end of the year we will move closer to between 80 to 95 per cent performance.
“There are about 28 “Must Deliver” initiatives for the THEMES agenda to be completed before 29th May 2023 as agreed at the Lagos State Executive Council.”
Appreciating past and present Governors of Lagos State, Oba of Igbobi-Sabe, Oba Owolabi Adeshina Adeniyi commended Governor Babajide Sanwo-Olu’s administration and urged the people to pray more for the governor as he continues to deliver people-oriented project and programmes.
The Consultative Forum is aimed at transparency to the state’s budgetary preparation process and also an avenue for Government to update stakeholders on the half-year performance of the Budget, as well as soliciting their views and inputs on it.
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