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JUST IN: Lagos Assembly Approves N3.37trn 2025 Budget, Passes LG Bill

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The Lagos State House of Assembly has approved a total budget of N3,366,815,224,144 for the 2025 fiscal year.

The approval, which was granted on Monday, followed the presentation of a report by the Chairman of the Joint Committee on Appropriation and Finance, Sa’ad Olumoh, during a plenary session presided over by Speaker Mudashiru Obasa.

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The budget, themed the “Budget of Sustainability,” was earlier presented to the House on November 21, 2024, by Governor Babajide Sanwo-Olu.

According to the governor, the budget is designed as “a blueprint for continuity, resilience, and prosperity for residents.”

Governor Sanwo-Olu outlined that the 2025 budget has a total size of N3,005,935,198,401, with a revenue projection of N2.597 trillion and a deficit financing of N408.902 billion.

The deficit, he said, would be funded through external and internal loans, as well as bonds.

Sanwo-Olu noted that the budget focuses on five critical pillars: “Infrastructure Sustainability, conomic Diversification, nstitutional Reforms

Revenue Breakdown:

Internally Generated Revenue (IGR): N1.970 trillion

Federal Transfers: N626.137 billion

The governor proposed N1.239 trillion for recurrent expenditure, comprising the following: “Total Overhead Cost: N722.586 billion, Overhead: N432.580 billion, Subventions: N139.728 billion, Dedicated Funds: N150.278 billion, Total Personnel Cost: N392 billion, Recurrent Debt Charges: N125.232 billion.

Capital Expenditure:
For capital projects, Sanwo-Olu proposed a total of N1.766 trillion, with N1.452 trillion allocated for capital development and N313.515 billion for loan repayments.

Sectoral Allocations

The sectoral breakdown of the budget includes:

Economic Affairs: N908.699 billion

Environment: N233.176 billion

Health: N204.005 billion

Education: N208.376 billion

Security, Safety, and Public Order: N124.073 billion

Social Protection: N47.077 billion

The budget dedicates 41% to recurrent expenditure and 59% to capital expenditure.

The House, after deliberations, approved a revised budget of N3.37 trillion, with N1.295 trillion for recurrent expenditure and N2.071 trillion for capital projects.

Speaker Obasa directed the Clerk of the House, Barrister Olalekan Onafeko, to transmit the clean copy of the passed bill to Governor Sanwo-Olu for his assent.

Commending his colleagues for their efforts, Obasa said the budget would ensure Lagos remains on the path of growth and sustainability.

Local Government Consolidation Bill Passed

In a related development, the Assembly also passed a bill consolidating all existing laws on local government administration in Lagos State.

The bill incorporates recent constitutional amendments and directives from the National Assembly to enhance local governance.

Speaker Obasa described the passage as a step toward strengthening the effectiveness of local government administration in the state.

Governor Sanwo-Olu is expected to sign the budget and the local government law in the coming days.

 

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Corps Members To Receive N77,000 Monthly Allowance Soon, Says NYSC DG

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Gombe NYSC Prioritises Safety of Corps Members

In a promising development for National Youth Service Corps (NYSC) members, Brigadier General Yushau Ahmed, the Director General of the NYSC, announced that corps members will soon begin receiving an increased monthly allowance of N77,000.

The announcement was made during the commissioning of a new staff bus donated by Capital Express Insurance Company in Abuja.

Speaking at the event, Ahmed stated, “Arrangements for the increased allowance have been finalised,” confirming that the new allowance would be rolled out by 2025.

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He reassured corps members that their welfare and security remain a top priority, emphasizing that they will receive all the benefits they deserve.

“By 2025, we will ensure that corps members enjoy all the benefits due to them,” Ahmed said.

This announcement comes as a response to concerns raised over the current monthly allowance of N33,000, which corps members have been receiving despite the signing of the new national minimum wage bill by President Bola Tinubu in July 2024.

The increase is expected to provide relief to many corps members who have been advocating for better compensation.

During the event, Ahmed also addressed the transportation challenges faced by both NYSC staff and corps members, noting the difficulties in commuting to and from their offices.

To ease these challenges, Capital Express Insurance Company donated a new staff bus to the NYSC.

Matthew Ogwezhi, CEO of Capital Express Insurance, highlighted the longstanding partnership between the company and the NYSC.

“This donation is part of our commitment to support the scheme, especially in light of the rising fuel and transportation costs in Abuja,” Ogwezhi said.

The new bus aims to alleviate some of the commuting difficulties faced by staff, ensuring smoother operations for the NYSC.

 

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One Dead, Three Injured In Multi-Truck Collision On Otedola Bridge

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Road Accident: Three Lives Lost, Nine Persons Injured in Ogun

A tragic multiple-vehicle collision on Otedola Bridge in Lagos has claimed the life of one man and left three others injured.

The incident occurred on Tuesday during an operation by the Lagos State Emergency Management Agency (LASEMA) to recover a fallen 40-foot container.

Dr. Olufemi Oke-Osanyintolu, the Permanent Secretary of LASEMA, confirmed the fatality, stating that two of the injured victims were rushed to the hospital for treatment.

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The accident involved four articulated trucks laden with containers, which collided on the bridge due to reckless driving.

The force of the crash caused the trucks to become wedged together.

“Upon arrival at the scene, we discovered that a multiple truck accident had occurred. One adult male was extricated from beneath the first truck, but he unfortunately succumbed to his injuries,” Oke-Osanyintolu said.

The LASEMA chief revealed that the accident victims, three adult males, sustained varying degrees of injury.

Two of the seriously injured were administered on-the-spot medical care before being transported to the Accident and Emergency Centre.

The recovered body was handed over to the Federal Road Safety Corps for further action.

Oke-Osanyintolu assured the public that safety measures were implemented to prevent further incidents in the area, and the affected trucks were safely removed from the scene.

The road was subsequently cleared for traffic flow.

Authorities are continuing investigations into the cause of the collision.

 

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Ibadan Stampede: Oyo High Court Denies Bail To Ooni’s Ex-Wife, Others

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The Oyo State High Court in Ibadan has denied the bail applications of Naomi Silekunola, the estranged wife of the Ooni of Ife, and Abdullahi Fasasi, the Principal of Islamic High School, Bashorun, Ibadan.

The court adjourned Naomi’s case until next week for further hearing.

The denial comes in connection with the tragic stampede that occurred during a children’s festive party at Islamic High School in December 2024. The incident claimed the lives of at least 35 children.

During Tuesday’s proceedings, the Attorney General and Commissioner for Justice of Oyo State, Prof. Oyelowo Oyewo, SAN, led the prosecution team, pleading for additional time to complete investigations. “The court did not grant the bail application of Naomi and the school principal because the Attorney General pleaded that the state should be given more time to investigate,” a source in the courtroom revealed.

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The hearing for the bail application of Oriyomi Hamzat, proprietor of Agidigbo FM, Ibadan, who is also implicated in the case, has been scheduled for Tuesday.

Governor Seyi Makinde has insisted that those responsible for the stampede must face trial. However, he clarified that he is not opposed to the suspects being granted bail, stating, “The case must be heard regardless of the status of those involved.”

The case has drawn significant public attention, with some questioning why similar incidents in Abuja and Anambra did not lead to prosecutions. Despite the controversy, heavy security was deployed at the court to ensure proceedings went smoothly.

The trial, held in Court 8 at Ring Road, Ibadan, was presided over by Justice Olawoyin, with all lawyers from the Oyo State Ministry of Justice present to support the prosecution. The outcome of the case is eagerly awaited by millions of Nigerians.

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