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UPDATED; Governor Sanwo-Olu proposes N3trn budget for 2025 (see figures)

Gov. Babajide Sanwo-Olu of Lagos has presented N3,005,935,198,419,3,005,935,401 budget proposal to the Lagos State House of Assembly for 2025.

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The budget tagged “The Budget of Sustainability” was presented on Thursday.

“This budget comprises a total revenue of 2,597,034,000,000 and a deficit financing of about N408,002,000,000.

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“The total revenue comprises internal revenue at N1,107,897,000,000 and a total tax cut of N660,137,000,000.

“We have proposed a recurrent expenditure of N1,239,818,000,000.

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“The total overhead cost is N722.586 billion, as follows: overhead: N432.580 billion,

subventions: N139.728 billion,

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dedicated funds: N150.278 billion,

total personnel cost: N392.000 billion,

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recurrent debt charges: N125.232 billion,” he said.

Sanwo-Olu further gave figures for capital expenditure.

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“For capital expenditure, we propose a total figure of N1.766,117 trillion, as follows:

capital expenditure: N1.452 trillion,

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Repayments: N313.515 billion,” he said.

The governor highlighted sectoral allocation to include economic affairs – N908.699 billion, environment – N233.176 billion, health – 204.005 billion, education – 208.376 billion, and security, Safety and Public Order – 124.073 billion.

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Sanwo-Olu said that N47.077 billion was allocated to social protection.

The governor said that the budget would focus on five pillars – infrastructure sustainability, economic diversification,

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social inclusion and human capital development, environmental sustainability, and governance and institutional reforms.

“Infrastructure sustainability is the backbone of any development agenda.

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“A greater Lagos ambition will emerge on the back of high-quality infrastructure that keeps pace with growing population.

“Our focus, therefore, is on ensuring the durability, the functionality and the adaptability of our fiscal assets to meet the ever-growing demands of our people.

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“In the coming three-year period, we will be prioritising the maintenance, upgrading, and expansion of the existing road network,” he said.

On economic development, he said that Lagos State would reduce reliance on a single sector to be able to secure a resilient economy.

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The Speaker of the assembly, Mr Mudashiru Obasa, reiterated the assembly’s support for the Sanwo-Olu-led administration.

He said that the assembly would reconvene on Nov. 29 to look into the budget proposal. (NAN)

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BREAKING ; Atiku’s Son dumps PDP defects to APC, vows to work for President Tinubu’s reelection

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BREAKING ; Atiku’s Son dumps PDP defects to APC, vows to work for President Tinubu’s reelection

The Son of Abubakar Atiku Abubakar, former Vice President and 2023 Peoples Democratic Party (PDP) presidential candidate, Alhaji Atiku Abubakar, dumped the PDP and pledged to work for President Bola Ahmed Tinubu’s re-election in 2027.

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Abubakar, popularly known as Abba, formally announced his defection to the APC at the National Assembly, where he was received by the Deputy President of the Senate, Senator Barau Jibrin, with APC leaders from the North-East.

Party leaders described the move as a significant boost to the APC’s consolidation efforts ahead of the next general election, given Abba’s political network and grassroots organisation.

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Announcing his resignation from the PDP, Abba said the decision was informed by his conviction in the leadership style of Senator Barau and the policies of the Tinubu administration.

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Eight persons killed, others injured in another fatal road accident

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Eight persons killed, others injured in another fatal road accident

Eight persons died while three others were injured in a road traffic crash along the Potiskum–Dogon Kuka carriageway in Yobe.

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The Yobe Sector Commander of the Federal Road Safety Corps (FRSC), Mr Andrew Longkam, confirmed the incident on Thursday.

He said the crash occurred around Gaggaba on the Potiskum–Dogon Kuka axis at about 12:40 hours.

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“Preliminary reports from Dogon Kuka Unit Command show the incident was promptly reported to the corps,” Longkam said.

FRSC operatives arrived within five minutes, enabling swift rescue, evacuation of victims, traffic control, road clearance and prevention of secondary crashes.

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The crash involved a white Howo trailer, registration DAL 963YY, and a white Mitsubishi Canter, registration NNR 437XA.

“Twelve adult males were involved, with eight fatalities and four rescued, including three injured and one unhurt,” he said.

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The injured and deceased were taken to Government General Hospital, Dogon Kuka, where the injured received prompt medical attention.

Longkam said the FRSC tow truck cleared the obstruction, restored traffic flow and notified the Police Motor Traffic Division in Dogon Kuka.

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“Preliminary findings indicate the Mitsubishi Canter, suspected to excessive speeding, committed a route violation and crashed into the trailer,” he said.

He said excessive speed and route violation were suspected causes, adding that investigations were ongoing to determine the exact circumstances.

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The sector commander urged motorists to avoid speeding, route violations and unsafe practices, assuring continued enforcement, emergency response and public education across the state. (NAN)

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Atiku finally breaks silence after his Son defects to APC

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Atiku finally breaks silence after his Son defects to APC

Former Vice President and Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar, has addressed his son Abba Abubakar’s decision to join the All Progressives Congress (APC), describing it as a personal choice.

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In a statement posted on his X handle, Atiku said, “The decision of my son, Abba Abubakar, to join the APC is entirely personal. In a democracy, such choices are neither unusual nor alarming, even when family and politics intersect.”

He added, “As a democrat, I do not coerce my own children in matters of conscience, and I certainly will not coerce Nigerians.”

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The former vice president also highlighted his concerns about the ruling party, saying, “What truly concerns me is the poor governance of the APC and the severe economic and social hardships it has imposed on our people.”

“ I remain resolute in working with like-minded patriots to restore good governance and offer Nigerians a credible alternative that brings relief, hope, and progress.”

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