Ambode presents N1.046trn 2018 Budget


Akinwunmi Ambode, Lagos State governor, on Monday presented the 2018 budget of N1.046 trillion to the state House of Assembly.

He pledged that his administration would make every effort to complete all ongoing projects as well as initiate new ones to consolidate on the development recorded in the last 30 months.

Ambode, who christened the 2018 budget as ‘Budget of Progress and Development’, said it would be used to consolidate on the achievements recorded in infrastructure, education, transportation/traffic management, security, and health sectors.

He said the budget would also focus on mandatory capacity building for civil servants, all teachers in public secondary/primary schools, officers in the health service sector and women & youth empowerment, alongside Medium and Small/Micro Size Entrepreneurs (MSMSEs).

Outlining the key components of the budget, Ambode said capital expenditure would gulp N699.082 billion while N347.039 billion would be dedicated to recurrent expenditure, representing a capital/recurrent ratio of 67 percent to 33 percent and a 28.67 percent increase over the 2017 budget.

The governor said despite the modest achievements recorded in 2017, there was still much work ahead, assuring that government would not relent in its efforts to give Lagosians the best by way of continuous and efficient service delivery.

“Lagos has always been a trailblazer and we must consolidate on the economic gains made so far by initiating people-friendly programmes and projects that will attract more economic improvement in Y2018.

“It is our resolve in Y2018 to strive and complete all on-going projects in order to meet their specified completion period and embark on new strategic projects.

“We intend to improve on our internally generated revenue (IGR) in the face of the dwindling accruable revenue allocation from the Federal Government, sustain our vision on wealth creation and poverty alleviation,” Ambode said.

The governor also listed key projects captured in the 2018 budget to include the Agege Pen Cinema flyover; alternative routes through Oke-Ira in Eti-Osa to Epe-Lekki Expressway; the 8km regional road to serve as alternative route to connect Victoria Garden City (VGC) with Freedom Road in Lekki Phase I; completion of the on-going reconstruction of Oshodi International Airport Road into a 10-lane road and the BRT Lane from Oshodi to Abule-Egba.

On infrastructural renewal, Ambode said his administration remained committed to sustaining the tempo of continuous construction, rehabilitation, upgrading and maintenance of the network of roads across the state, including those within the boundary areas of Lagos and Ogun states, and that the bus reform initiative would be consolidated with the introduction of high and medium capacity buses, construction and completion of bus depots at Oshodi, Anthony, Yaba and other places in the state.

He also said the movement of Mile 12 Market to Imota had reached an advanced stage and would be completed in good time to pave way for relocation next year.

He disclosed that work on 181 local government areas roads would begin as contractors would be mobilised immediately.

He said there would be continuous gridlock resolution, junction improvement, construction of more lay-bys and advancement of signalisation that would improve traffic congestion, especially along the Lekki-Epe corridor.

In the area of job creation, Ambode said the government would construct an ICT Focus Incubator Centre in Yaba, commence the development of Imota and Igbonla Light Industrial Park as well as the provision of additional small-scale industrial estate at Shala, while the state Employment Trust Fund would disburse more funds to Lagosians to support business and stimulate the economy.

Ambode also assured that his administration would vigorously pursue its planned direct intervention in the power value chain towards generating 3,000MW Embedded Power Programme within a three-year plan to achieve 24/7 power supply for the state, stressing that the challenge of inadequate power supply must be resolved for the economy to perform optimally.

He said, in the 2018 fiscal year, the government would continue to rekindle its efforts in the area of tourism, sports, arts and culture as well as embark on some major projects that would ensure that the state emerges as the hub for tourism, sports, and entertainment.

He listed some of the projects to include completion of five new art theatres; establishment of a Heritage Centre at the former Federal Presidential State House recently handed over to the state government; construction of a world-class museum between the former Presidential Lodge and the State House, Marina; fast-tracking the construction of the proposed four new stadia in Igbogbo, Epe, Badagry and Ajeromi Ifelodun (Ajegunle) and completion of the on-going Epe and Badagry Marina projects.

On Housing, Governor Ambode said all on-going projects, especially those at Gbagada, Igbogbo, Iponri, Igando, Omole Phase I, Sangotedo and Ajara-Badagry would be completed for delivery under the rent-to-own policy.

While acknowledging the cooperation and support received from Lagosians, members of the business community, professional bodies, non-governmental organisations and the state civil servants in years past, the governor noted that the modest achievements by his administration within a short period couldn’t have been possible without residents who had been paying their taxes willingly and faithfully.

Ambode urged residents to embrace the public utility levy as the cleaner Lagos initiative aimed at ensuring a cleaner and healthier environment would commence in 2018.

He also commended members of the House of Assembly for their selfless service and support, saying that they have proven themselves to be dynamic and robust lawmakers and partners in progress.

Giving a sectoral breakdown at a press briefing in Alausa, Akinyemi Ashade, Commissioner for Finance, said General Public Services got N171,623 billion, representing 16.41 percent; Public Order and Safety, N46.612 billion, representing 4.46 percent; Economic Affairs, N473,866 billion, representing 45.30 percent; environmental protection, N54,582 billion, representing 5.22 percent while Housing and Community Amenities got N59,904 billion, representing 5.73 percent.

Ashade also told journalists that health sector got N92.676 billion, representing 8.86 percent; Recreation, Culture, and Religion got N12.511 billion, representing 1.20 percent; Education got N126.302 billion representing 12.07 percent, while social protection got N8.042 billion representing 0.77percent.


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