News

Ambode finally presents N852.316bn budget for 2019 to State House of Assembly – Details

Governor of Lagos State, Akinwunmi Ambode on Tuesday presented the year 2019 budget proposal of N852.316billion to the House of Assembly.

This he did with a pledge that it had been carefully prepared to be all-encompassing and dedicated to complete major ongoing projects in the State.

The Governor said N462.757billion representing 54 percent of the total budget size had been earmarked for capital expenditure, while N389.560billion representing 46 percent had been dedicated to recurrent expenditure.

He further stated that key projects such as the Oshodi-Murtala Mohammed International Airport Road and Oshodi Interchange Terminal, among others would be completed.

He said from inception of his administration, nine key areas were given priority after careful assessment of the needs of the citizens, adding that such had informed the massive investment in the said sectors.

These sectors include security, transport/traffic management, economy -including tourism and agriculture, housing, education, health, infrastructure – social and physical, water, wealth creation – skill acquisition/microfinance, e-Governance and enhanced capacity building, sustainable environment, and smart city projects.

According to him, “In the outgoing year, however, we experienced a reduction in our revenue projections, which affected our projected performance and our desired implementation of the Y2018 Budget. The overall Budget performance as at November 2018 stood at 60 per cent/N574,206billion with actual cumulative total revenue of N530,192billion/64 per cent, Capital Expenditure closed at N311,930billion/49 per cent and Recurrent Expenditure performed at N262,276billion/82 per cent.

“In preparing the Year 2019 Budget, therefore, we were very mindful of the out-going year performance, the yearnings of our people and the fact that we are going into an election year. Consequently, we are today presenting a Budget that will be all-encompassing, reflect the level of resources that will be available and with special consideration to the completion of major on-going projects in the State.”

He added: “The projected total revenue for Year 2019 is ?775.231billion, of which ?606.291billion is expected to be generated internally,?168.940billion is expected from Federal Transfers while a total of ?77.086billion will be sourced through deficit financing within our medium term expenditure framework.

“In 2019, as was with our previous budgets, Economic Affairs still dominates the sectoral allocation of the proposed budget. This is due to our continued focus on the completion of major on-going projects such as: Oshodi-Murtala Mohammed International Airport Road; Agege Pen Cinema Flyover; Phase II of Aradagun-Iworo -Epeme Road, Oshodi Interchange Terminal; completion of JK Randle Complex, Onikan Stadium; Imota Rice Mill; Renovation/Furnishing of Lagos Revenue House, amongst others in order to meet their specified deliverable outcomes without any bias or prejudice to others.”

He further said

“The Year 2019 Budget has been carefully planned to accommodate all and sundry; women, youth and physically challenged, young and old. We will continue to spread development to all part of our state even as we embark on effective transition knowing fully well that the implementation, failure or success of the Budget depend on all of us,” he said.

News

Pep Guardiola admits that three clubs can stop him from winning the premier league

Manchester City boss, Pep Guardiola has the three clubs that can stop his side and Liverpool from winning this season’s Premier League title.

According to the manager, only Tottenham Hotspur, Manchester United and Chelsea can stop the two top sides.

Guardiola was quoted by Metro UK as saying at pre-match press conference ahead of Man City’s clash with Everton: “Three or four days ago, we were already done.

“The champions were Liverpool, and now we can be leading. We try to be calm. There will be surprises and it will be tough for teams to win every game.

Non contenders have the ability to create problems. What I’m more concerned about is never forget who we are as a team and doing what we have to do. That’s what I want to watch. After, we see about the results, the table.

“I...

News

Finally, Osinbajo reveals why he was not killed in the plane crash

Nigeria's Vice President, Professor Yemi Osinbajo on Tuesday revealed why God delivered him from the helicopter crash.

This he revealed during the All Progressives Congress, APC, campaign rally in Ado-Ekiti, the Ekiti State capital following his escaped air mishap in Kabba, Kogi State, while heading for a political campaign.
Osinbajo said “God delivered me from the crash because he wants me to work, that is what he called me to do and that is what we will do.

“Three things Buhari will do include creation of jobs for the youths, this is why we are doing all we are doing. The Lagos -Ibadan railway is coming to Ekiti and it will bring a lot of jobs. You have also heard of the Ado-Ekiti dual carriage way which we are doing, that will also create jobs.

“The creation of job creation for university graduates was why...

Metro

Woman removes cheating husband’s p3nis, uses it to garnish noodles

A Twitter User has shared some disturbing images which are still being speculated to be fake, telling the sordid tale of a woman who cut of her cheating husband’s pen!s and used it to garnish noodles.

According to the tweet by @whitney_beryl, the woman seemed to have lost her mind after catching her husband sleeping with their house maid.

In retaliation, she reportedly sliced of her errant husband’s penis and left him in the pool of his blood while she made noodles with his manhood.

The disturbing photos shows the man writhing in pain in a bloodied bed, while another shows a plate of noodles which has chunks of what looks like a pen!s in it.

However, the photos remain unconfirmed and have...

Most Popular

To Top