Sanwo-Olu signs Lagos budget into law

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The Lagos State Governor, Babajide Sanwo-Olu has signed the state’s 2019 appropriation bill of N873.5bn into law, as he appended his signature to three other bills.

The bill had been passed by the Lagos State House of Assembly over a month ago and presented to the former Governor Akinwunmi Ambode for his assent.

Ambode had presented the bill to the Assembly in February 2019.

The budget submitted by Ambode had a Capital Expenditure of N462.757 billion and a Recurrent Expenditure of 389.560 billion, while the capital to recurrent ratio of the budget stood at 54:46.

Earlier, the Chairman, House Committee on Finance, Mr Yinka Ogundimu, presented a report of the House of Assembly Bill Number 59 entitled “Public Procurement Agency (Amendment) Bill, 2018.

The House, after deliberations on the bill, read for the third time, passed into law “A Bill for a Law to Amend Lagos State Public Procurement Agency Law CH.L.56 VOL.6 Laws of Lagos State and for Connected Purposes.

The house also read for the third time and passed into law: “A Bill for a Law to Provide for the Registration of Domestic Staff Service Providers in Lagos State and for Connected Purposes”.

It also read for the third time and passed into law: “A Bill for a Law to Amend the Lagos State Public-Private Partnership Law CH.P.18 VOL. 9 Laws of Lagos State 2015 and for Connected Purposes”.

A Bill for a Law to Amend the Lagos State House of Assembly Service Commission, Law CH. L34 Vol. 5 Laws of Lagos State 2015 and for Connected Purposes was equally passed into law.

A Bill for a Law to Amend the Lagos State Neighbourhood Safety Corps Law, 2016, for the Regulation and Control of Neighbourhood Safety Corps Activities and for Connected Purposes was also passed into law.

The Speaker then directed the Clerk of the House, Mr. Azeez Sanni, to forward clean copies of the bills to the governor for assent.

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