The Lagos State government has expressed hope to hit 95 percent budget performance by the end of the year as it continues to engage stakeholders in preparation for the year 2023 financial plan.
Special Adviser to the Governor on Economic Planning and Budget, Aare Bayo Sodade disclosed at the Y2023 budget consultative forum for the Lagos Island division at the weekend.
He stated that the Babajide Sanwo-Olu administration has set a must achieve initiatives before May 2023 elapses, which was decided at one of the State Executive Council gatherings.
He noted that with less than 280 days to the end of the present administration, some projects and initiatives in line with the T.H.E.M.E.S development Agenda would be completed.
He said :“For the 2022 budget, our revenue is performing at 81 percent and the total budget performance is 77 percent. We hope that towards the end of the year, we will move closer to between 80 to 95 percent performance.There are about 28 “Must Deliver” initiatives for the THEMES agenda to be completed before 29th May 2023 as agreed at the Lagos State Executive Council.”
He listed some of the expected projects for completion such as the Blue Rail line from Mile 2 to Marina and Red Rail Line from Agbado to Ebute Metta; completion of Lekki-Epe road; deliver Imota Rice Mill; the John Randle History and Cultural Centre.
Commending past and present Governors of Lagos State, Oba of Igbobi-Sabe, Oba Owolabi Adeshina Adeniyi, lauded the Governor Sanwo-Olu administration, urging the people to pray more for the governor as he continues to deliver people-oriented project and programmes.