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Governor Babatunde Fashola of Lagos State has earmarked N90 billion to fight crime, tackle educational decay and solve environmental problems in the state.
This was disclosed by the state Commissioner for Economic Planning and Budget, Mr. Ben Akabueze.
He disclosed that with N90 billion, the state would be able to tackle these problems.
According to him, N11.5 billion was earmarked in the budget for crime prevention, while N25 billion was budgeted for environmental protection and N53 billion to tackle educational decay.
He disclosed further that N35 billion was earmarked for housing and community amenities, while N24 billion was set aside for health, among others.
On the N40 billion budget cut from the 2010 budget, Akabueze said the state government might consider going for a supplementary budget to cushion the effect of the budget cut.
“It is noteworthy that the 2010 budget will also have a budget assistance input from the World Bank. This is a major contribution to the process of achieving the aims and objectives of the budget,” he said.
The commissioner disclosed that between 2007 and 2008, the state government had received N1.3 billion from the Federal Government as conditional grant plus a marching grant of N565.6 million.
“In the last two years, the 20 local governments and 37 LCDAs have benefited either under rehabilitation or construction of new projects and supply of equipment.
”The scheme delivered at least two Primary Health Care Centres (PHCs) in each LGAs and LCDAs making a total of 114 PHCs that are presently supporting healthcare delivery at the primary level.
“The 2009 grants amounting to N494.5 million which had just been approved is also targeting poverty reducing activities designed to increase the rural economy as well as significant reduction of water borne diseases in the designated LGAs/LCDAs,” he stated.
On the forthcoming 5th Lagos Economic Summit, with the theme, Lagos: Investment Opportunities in Africa’s Emerging Model Mega-city, Akabueze said the summit is to showcase the various investment opportunities available in the state.
This was disclosed by the state Commissioner for Economic Planning and Budget, Mr. Ben Akabueze.
He disclosed that with N90 billion, the state would be able to tackle these problems.
According to him, N11.5 billion was earmarked in the budget for crime prevention, while N25 billion was budgeted for environmental protection and N53 billion to tackle educational decay.
He disclosed further that N35 billion was earmarked for housing and community amenities, while N24 billion was set aside for health, among others.
On the N40 billion budget cut from the 2010 budget, Akabueze said the state government might consider going for a supplementary budget to cushion the effect of the budget cut.
“It is noteworthy that the 2010 budget will also have a budget assistance input from the World Bank. This is a major contribution to the process of achieving the aims and objectives of the budget,” he said.
The commissioner disclosed that between 2007 and 2008, the state government had received N1.3 billion from the Federal Government as conditional grant plus a marching grant of N565.6 million.
“In the last two years, the 20 local governments and 37 LCDAs have benefited either under rehabilitation or construction of new projects and supply of equipment.
”The scheme delivered at least two Primary Health Care Centres (PHCs) in each LGAs and LCDAs making a total of 114 PHCs that are presently supporting healthcare delivery at the primary level.
“The 2009 grants amounting to N494.5 million which had just been approved is also targeting poverty reducing activities designed to increase the rural economy as well as significant reduction of water borne diseases in the designated LGAs/LCDAs,” he stated.
On the forthcoming 5th Lagos Economic Summit, with the theme, Lagos: Investment Opportunities in Africa’s Emerging Model Mega-city, Akabueze said the summit is to showcase the various investment opportunities available in the state.
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