Home Latest News Lagos Assembly grants Sanwo-Olu’s N2bn request for assets mgt

Lagos Assembly grants Sanwo-Olu’s N2bn request for assets mgt

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The Lagos House of Assembly on Tuesday approved the sum of N2billion to be utilized for facility management under the Capital Expenditure of the Lagos State Infrastructure Asset Management Agency (LASIAMA).

This is sequel to the recommendations of the report of a 5-man Ad Hoc Committee on the utilization of LASIAMA fund in the special expenditure vote of the Y2019 appropriation law chaired by Hon. Gbolahan Yishawu.

It would be recalled that the House had received a letter from the Commissioner for Economic Planning and Budget requesting the approval of the House for the utilization of the sum of N2billion Capital Expenditure of LASIAMA.
According to Hon. Yishawu, “The Committee held meetings with the Ministries of Economic Planning and Budget, Finance, State Treasury Office STO, Lagos Internal Revenue Service LIRS and other agencies for bilateral discussions to shed light on the requests and confirm the availability of its funding.”

Yishawu disclosed that after deliberations with the necessary agencies the Committee, proposed amount was expected to take care of the various needs of expenditure in the State which included renovation/minor works, facility management, and health facilities each with allocated funds.

However, Members observed that the amount budgeted for some projects might not be enough and why some money was increased in the report.

In response, Hon. Yishawu stated that the health facilities projects were to be done in batches and the amount currentlty allocated was for the first quarter.

The Speaker, Rt. Hon. Mudashiru Obasa thereafter directed Mr. Azeez Sanni, Clerk of the House to forward the approval of the request to the Mr. Babajide Olusola Sanwo-Olu, Governor of the State.

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