Lagos Assembly passes N1.164trn 2021 budget

Police restore Obasa’s security details, withdraw Meranda’s, as Ex-Lagos Speaker set for return

Mudashiru Obasa, former speaker, Lagos State House of Assembly

The Lagos State House of Assembly on Tuesday passed the state government’s N1.164 trillion budget for 2021.

The budget was endorsed after a report on plenary by Gbolahan Yishawu (Eti Osa 2), chairman of the joint committee on Economic Planning, Budget and Finance.

The legislature approved N460.587bn as recurrent expenditure from the Consolidated Revenue Fund and N702.935bn as capital expenditure from Development Revenue Fund.

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Mudashiru Obasa, speaker of the House, disclosed that during parliamentary sessions, the lawmakers agreed that the Youth Empowerment Scheme (O’YES) of the Ministry of Agriculture was not yielding the desired results.

Obasa added that the Coconut Agency has been recommended for scrapping and should be a parastatal under the Ministry of Agriculture.

Governor Babajide Sanwo-Olu had on November 9, 2020 presented budget estimates of N1.155 trillion to the House.

Iwok Iniobong

With years of experience in Nigerian journalism, Iniobong Iwok has built a reputation for deep political insight, compelling storytelling, and consistent, fact-driven reporting. Over the years, he has gained extensive experience reporting and writing incisive political analysis. Iniobong has interviewed key political figures across Nigeria and covered major national events, including the 2019 and 2023 general elections. A versatile journalist, he also has strong experience in education reporting and sector analysis. His work reflects a deep commitment to good governance and public accountability. Iniobong holds a B.Sc. in Sociology from the University of Ilorin and an M.Sc. in Sociology (Development Specialisation) from Lagos State University.