The Lagos State House of Assembly yesterday passed the N812.9 billion budget proposal presented by Governor Akinwunmi Ambode on November 29.
The Recurrent Expenditure stands at N305.1 billion and Capital Expenditure N507.8 billion.
Although the N812.9 billion budget approved by the House was the same figure presented by the governor, the House made input into some ministries, departments and agencies (MDAs).
For instance, the House increased the allocation for the Ministry of Education from N525million to N650 million, Ministry of Agriculture from N293 million to N350 million and overhead cost for House of Assembly Service Commission was increased from N210 million to N252 million.
Allocation for Lagos Water Corporation was also increased from N1.4billion to N1.6billion and the capital expenditure for the State Independent Electoral Commission (LASIEC) was increased from N2.5billion to N3billion to cater for election matters.
Fund for the state infrastructure intervention fund was increased from N5billion to N10billion.
Funds for Motor Vehicle Administration Agency was reduced from N6.5billion to N5.8billion and overhead cost of security/emergency intervention in the Ministry of Special Duties and Inter-Governmental Relations was reduced from N500 million to N400 million.
The House advised that the Ministries of Economic Planning and Budget; Finance and State Treasury Office to release fund to some agencies for accreditation purposes, including State University, Dentistry Department of the Lagos State University College of Medicine, State School of Nursing, State Polytechnic, Adeniran Ogunsanya College of Education and Michael Otedola College of Primary Education.
It also advised that the Internal Revenue Services (LIRS) be allowed to retain five-10 per cent of revenue for efficiency.