Ojokoro LCDA Presents N3.8bn Budget for 2022
In a bid to deliver more dividends of democracy to the people of Ojokoro Local Council Development Area (LCDA), the Chairman, Mr. Hammed Idowu-Tijani has presented the year 2022 budget to the tune of Three Billion, Eight Hundred and Twenty-Seven Million, Three Hundred and Thirty-Seven Thousand, Two Hundred and Ninety-Seven naira, Ninety-Six kobo (N3,827,337,297.96).
The budget, which he tagged: “Budget of Continued Transformation”, according to the council boss, will ensure that life is meaningful and comfortable for residents of the LCDA.
While presenting the budget to the legislative arm of the LCDA, at the council secretariat, Idowu-Tijani said the sum of the budget size of N3, 827, 337, 297.96 is budgeted as revenue disbursable for the fiscal year, with an increase of 10 percent over that of year 2021, while the anticipated Statutory Allocation is N1, 032, 440, 627.09, an increase of five percent.
“Our Internally Generated Revenue is projected at N151, 500, 000, which represents 101 percent over what was budgeted in the last fiscal year.
“As a result of this, we need reinforcement to bring about an excellent improvement, as this administration will set up an Independent Revenue Monitoring Team to ensure an excellent performance in revenue generation,” he said.
Mr. Idowu-Tijani however, solicited the support and cooperation which, according to him, is an essential tool to increase revenue generation, just as he appealed for accelerated consideration and prompt approval by the legislative arm.
“The focus of our plan towards an aggressive revenue generation shall be within the arm length of the available resources, this is why we have articulated various inputs from different stakeholder of the seven (7) wards of the LCDA while preparing the estimate,” said he.
A breakdown of the budget showed that Works, Housing and Infrastructure got a sum of N96,000,000; Environmental Services and Waste Management, N70,000,000; Land, N60,000,000; Women Affairs and Poverty Alleviation got N32,000,000; Primary Health Care sector got a sum of N28,606,639.54; Education and Library got N20,000,000, while Agric, Rural and Social Development sector got N15,000,000.
Mr. Idowu-Tijani noted that the council authority has resolved to rigorously pursue the execution of far reaching socio-economic projects with a view of making life more meaningful for residents of Ojokoro LCDA.
In his words, the leader of the House, Mr. Babatunde Oyekunle assured that the House will make sure the budget presented performs optimally as expected, just as he gave his words on speedy passage.
He urged residents to protect and guide all infrastructures that will be put in place.