Lagos Budgets N665.588bn For 2016 | WakaWaka Reporters

Lagos Budgets N665.588bn For 2016

Governor Akinwunmi Ambode of Lagos State yesterday presented the state’s 2016 budget proposal of N662.588 billion to the House of Assembly, with a pledge that his administration will not only implement the budget faithfully, but also ensure that it works in the best interest of Lagosians.

‘The Peoples Budget’

The governor, who christened the 2016 budget “The Peoples Budget” said it is an improvement of 26 per cent over the budgets of 2014 and 2015 respectively which stood at N489.6 billion individually.

“The increase will enable our government to focus on the present challenges of security, traffic gridlock resolution including physical and social infrastructural development which has thrown up new challenges quite different from what we used to experience and have always known”, he said.

He said the 2016 budget’, which is the first full budget of the present administration will promote massive investment in security, transport and traffic management, physical and social infrastructural development and enhance job creation.

He said the intention of his government is to use the 2016 budget to strategically build new infrastructure, as well as maintain existing ones, adding that wealth and employment creation will also receive adequate attention in the course of the year.