Lagos targets N1 trillion budget size by 2018

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Lagos State Commissioner for Information & Strategy, Mr. Steve Ayorinde (middle); Commissioner for Economic Planning & Budget, Mr. Akinyemi Ashade (right) and Permanent Secretary, Ministry of Information and Strategy, Mr. Fola Adeyemi, jointly addressing journalists during the closing of State Executive Council and Body of Permanent Secretaries Retreat, in Badagry.

Lagos State Commissioner for Information & Strategy, Mr. Steve Ayorinde (middle); Commissioner for Economic Planning & Budget, Mr. Akinyemi Ashade (right) and Permanent Secretary, Ministry of Information and Strategy, Mr. Fola Adeyemi, jointly addressing journalists during the closing of State Executive Council and Body of Permanent Secretaries Retreat, in Badagry.

Kazeem Ugbodaga
The Lagos State Government on Sunday announced its readiness to massively reduce dependence on federal allocation and increase the Internally Generated Revenue (IGR) to a target of N30 billion monthly in 2017 and N50 billion monthly in 2018 as well as a yearly budget size of N1 trillion by 2018.

Rising from a four-day retreat for members of the State Executive Council, Body of Permanent Secretaries and heads of government agencies and parastatals held at the VIP Chalets in Badagry, with the theme “Reflect, Reappraise, Restrategise: Raising the Bar of Governance”, the State Government said it has resolved to scale up and run efficient revenue collection machinery through the convergence of the Ministries, Departments and Agencies (MDAs’) operations and utilization of cutting edge technologies.

In a communiqué issued at the end of the retreat and jointly read to journalists by the State’s Commissioner for Information and Strategy, Mr Steve Ayorinde; Commissioner for Economic Planning and Budget, Mr Akinyemi Ashade and the Permanent Secretary in the Ministry of Information, Mr. Fola Adeyemi, the government said participants intensively deliberated on the six pillars of Lagos State Development Plan (LSDP) which are infrastructural development, sustainable environment, finance, economic development, social development and security and governance.

Speaking on the budget plan, Ashade said though the target was ambitious, but that appropriate measures were being adopted to achieve the plan.

He said: “Yes, it is ambitious. It requires thinking and what we are going to do differently is to ensure that we use technology to drive …Read More

Source:: PM Newspaper