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Lagos State Commissioner for Budget and Economic Planning, Mr. Olusegun Banjo on Wednesday said that the 2019 Budget was already before the State House of Assembly and had intended to be read before the house on December 24, 2018.
In a statement he signed, Banjo said the Governor had sent a verbal information to present the budget on Monday, December 24, 2018 after the State Executive Council approval on December 19, 2018, but the ceremony was postponed as the House was on recess and thereby could not form a quorum.
He said in order to meet the traditional presentation, a formal letter was sent to the House on Friday, December 28, 2018, forwarding the contents of the budget.
It is expected that when the House reconvenes, the Speaker would inform members of the content of the Budget proposal sent by the Governor and take necessary action.
The commissioner said the size of the 2019 budget proposal forwarded by the Governor to the House is N852.317billion.
SIGNED
OLUSEGUN BANJO
COMMISSIONER FOR ECONOMIC PLANNING & BUDGET
LAGOS STATE
JANUARY 2, 2019
