Connect with us

NEWS

Breaking: Lagos Assembly Approves Reordering Of 2024 Budget

Published

on

  • increases capital expenditure

The Lagos State House of Assembly has amended the Appropriation Law of 2024 that has a size of N2,267,976,120,869.

The reordering is sequel to a letter dated August 9, 2024 and sent to the House by the State Governor, Mr. Babajide Sanwo-Olu.

The House at plenary on Thursday gave the approval after the Chairman of the Committee on Economic Planning and Budget, Hon. Lukman Olumoh, presented the report and recommendations of the Committee which were adopted as the resolution of the House.

Though the total budget size remains the same, the recurrent expenditure was reduced from N952,430,566,998 in the original budget to N935,377,028,422 while the capital expenditure was increased from N1,315,545,553,871 to N1,332,599,092,448 following the reordering.

“That a bill for a law to authorise the issuance and appropriation of N935,377,028,422 from the Consolidated Revenue Fund for Recurrent Expenditure and N1,332,599,092,448 from the Development Fund for Capital Expenditure thereby totalling a revised budget size of N2,267,976,120,869 for the year ending 31st December, 2024 be passed into law,” the Speaker, Rt. Hon. Mudashiru Obasa, announced to his colleagues who unanimously voted in favour.

The Speaker, thereafter, directed the Clerk of the House, Barr. Olalekan Onafeko, to forward a clean copy of the bill to the Governor for his assent.

Prior to the passage of the reordered budget, Hon. Olumoh reminded the House that in the letter sent by the Governor, the latter explained that the rationale for the request to redistribute the budget included the need to boost the appropriation to some Ministries, Agencies and Parastatals.

The letter requesting the reordering had also emphasised the need to meet the State Government’s commitments to the residents through the budget.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

NEWS

IBEDC workers shut Ogun office, begin indefinite strike

Published

on

By

Workers of the Ibadan Electricity Distribution Company on Monday commenced an indefinite strike over the non-implementation of the new minimum wage, non-remittance of pension and cooperative deductions, and the alleged dismissal of 17 staff members, among other welfare concerns.When our correspondent visited the Ogun Region office of IBEDC in Abeokuta on Thursday, employees were seen milling around while the main gate remained locked.Speaking on the development, the Vice President of the National Union of Electricity Employees, Lagos/Ogun Zone, Abiodun Shobayo said the workers had no option but to embark on the strike after months of failed negotiations with the IBEDC management.Shobayo said, “We are here this morning to say enough is enough. The IBEDC management cannot continue to take us for granted on issues we have raised for about nine months,” Shobayo said.

“For instance, our pension and cooperative deductions, running into billions of naira, have not been remitted. We are not given imprest, and workers have been using their personal funds to fix electricity faults and distribute bills.

“The management is not ready to implement the new minimum wage or even negotiate, claiming there is no money. They have also been sacking workers indiscriminately without following due process.“Seventeen of our members have already been affected, and we have said this cannot stand. We have exercised patience, but it seems the management has a hidden agenda. Just recently, 900 staff of Kaduna Electricity Distribution Company were sacked; we do not want the same situation here.

“Seventy per cent of the workers here are casual staff, which is unacceptable. This strike is indefinite until the management sees reason. The action affects all IBEDC franchise areas, covering the six states of the South-West, as well as Kwara and Kogi.”Shobayo added that the union’s demands include the immediate payment of all outstanding entitlements and the reinstatement of sacked workers before any negotiations to end the strike can begin.

PUNCH

Continue Reading

NEWS

Rite Foods Partners NASRE Foundation to Support Ailing Journalists

Published

on

By

Rite Foods Limited, a leading indigenous manufacturer in the Food & Beverages sector, has partnered the Noble Association of Social and Resourceful Editors(NASRE) Foundation to provide support for ailing journalists and widows of deceased media practitioners in the country .

This collaboration comes as part of NASRE’s ongoing efforts to assist journalists facing health challenges across the country, having embarked on three outreach programmes last year.

The NASRE team was warmly received on Wednesday, February 5th, 2025, by the management of Rite Foods at its Head Office in Ikeja, Lagos State.

Receiving NASRE team on behalf of the Managing Director of the company, Mr. Saleem Adegunwa, the Head of Corporate Communications and Brand Management , Mr. Ekuma Eze was elated with the visit.

Earlier during the visit, the Public Relations Officer (PRO) of NASRE, Mr. Adeyemi Obadimu had outlined the foundation’s mission and the purpose of the meeting. He revealed the health and financial challenges facing most veteran journalists, who had, during their active years, served the country meritoriously, but are now struggling to survive.

Obadimu highlighted that NASRE’s outreach programme last year was a success, benefiting over 70 individuals, including journalists suffering from partial stroke, widows, and widowers of deceased practitioners . He emphasised the importance of taking care of journalists in need, especially, the veterans who have contributed greatly to the industry.

“Journalism is a thankless job, and as much as we may be appreciated in our bylines, it is crucial that we care for our colleagues who have dedicated their lives to the profession,” said Obadimu.

Butressing his point, the Director, Public Engagement, Mr. Bunmi Obarotimi who represented the President of the association, Mr. Femi Oyewale said: “NASRE’s intends to launch the Foundation officially in this current year and we are proud to have Rite Foods as our partner going forward.”

In his response, Ekuma Eze commended NASRE Foundation for its noble and impactful initiatives, recognising the significant difference it has made in the lives of journalists and their families. He praised the foundation’s efforts in providing assistance to over 70 journalists and their dependents last year. Eze reiterated Rite Foods’ unwavering commitment to supporting initiatives that foster the well-being of the media community.

“At Rite Foods, we are deeply invested in contributing to the development of our society. We understand the importance of health and well-being, especially for those who dedicate their lives to sharing vital information with the public. We believe in the mission of NASRE and are committed to supporting your work in every way possible,” Eze stated.

“This partnership will go beyond just providing financial support; we are dedicated to helping create an ecosystem where journalists can thrive, even in the face of adversity,” he added.

He also spoke about the company’s long-term goals, highlighting Rite Foods’ plan to expand beyond Nigeria and into other African countries. “We have exciting plans for the future,” he added. “Rite Foods is committed to not only strengthening its footprint within Nigeria but also extending our reach to the wider African continent. We believe that our growth will not only benefit our business but also contribute to the national economy, creates job opportunities, and foster the development of the beverage and food sectors.”

Eze emphasised that Rite Foods has been actively involved in national economic development, focusing on reducing unemployment and improving service delivery. As one of the leading manufacturers in the beverage, drinks, and sausages sectors, Rite Foods remains committed to excellence in all its business operations, he said.

Through innovation, quality products, and partnerships like the one with NASRE, the company aims to continue breaking new ground in the industry.

He concluded that, “Our mission at Rite Foods is clear: to improve lives, deliver quality products, and contribute to the economic growth of Nigeria and Africa as a whole. We are proud to partner with organizations like NASRE that share our values of social responsibility and community development.”

The partnership between Rite Foods and NASRE marks a significant step in supporting the health and well-being of journalists, ensuring that those who have dedicated their careers to the industry receive the care and recognition they deserve.

Continue Reading

NEWS

Public Assault; Ogun State Government Suspends Olorile of Orile-Ifo for six months

Published

on

By


February 03, 2025

In a bid to ensuring dignity of persons and for the protection of sanctity of our revered traditional institution, the Ogun State Government led by Prince Dapo Abiodun, has placed Oba Abdulsemiu Adewale Ogunjobi, the Olorile of Orile-Ifo on six months suspension for his uncivil conduct not befitting the status of an Oba.

The decision was reached after the Kabiyesi and his victim were invited by the Honourable Commissioner, Ministry of Local Govt and Chieftaincy Affairs for interrogation.

This became imperative as a result of the reckless utterances and public misconduct of the Kabiyesi as it was evident in the social media and being bandied in the larger public space.

After the investigation conducted on the matter, the Kabiyesi has been suspended and stripped of the paraphernalia of the stool of Olorile-Ifo pending the determination of his culpability or otherwise on the allegation.

The foregoing decision was reached by the Ministry in conjunction with the Egba Traditional Council in accordance with Section 52(1) of the Obas and Chiefs’ Law of Ogun State 2021.

Continue Reading

Trending

Mega Awareness 2023