IKOSI-ISHERI LCDA CHAIRMAN PRESENTS YEAR 2019 BUDGET PROPOSAL OF #2,632,940,128.88 TO THE LEGISLATURE
Chairman, Ikosi-Isheri LCDA, Engr. Abdul Fatai Oyesanya presenting the Proposed 2019 Council’s Budget to the Speaker at the Council’s Secretariat, Ikosi, Lagos
As required by law, the Executive Chairman of Ikosi-Isheri Local Council Development Area,Engr Abdul Fatai Oyesanya, on Thursday,14th March presented a total sum of #2,632,940,128.88k as 2019 Appropriation bill of the council to the Legislature.
While delivering his keynote address at the event,held at the council secretariat, Engr Oyesanya stated that the budget christened “Budget of Continuity and Consolidation” is a product of a wide range of opinions of stakeholders at the grassroot and is focused on the exact nerds of the people.
He commended the various revenue generating units of the council for achieving ninety percent revenue performance in 2018 and urged them to surpass the success in the new fiscal year.
Engr Oyesanya assured that his administration would ensure early completion of the ongoing construction of multi million naira office complex at the council secretariat in order to achieve his administration objective of providing an enabling and conducive working environment for the council workforce.
He added that his administration would continue to focus on the construction of new roads and rehabilitation of existing ones, improve the state of primary education and primary health care in the new fiscal year.
He appealed to residents to support his administration by paying their rates and levies as at when due,to enable the council provide more dividend of democracy to the generality of the people.
Responding after the chairman had presented a copy of the budget proposal to him, the Leader of the council’s Legislature,Hon Usman Akanni Ajibola commended the chairman for his achievements in 2018 and assured him that the budget documents would be given speedy treatment by the house.
The highlight of the budget showed that the expected inflow from statutory allocation is #2,494,588,254.51, while the expected internally generated revenue is#136,060,206.58.
In addition, the council staff salary in the new fiscal year will gulp #422,265,867.62 and personnel cost of primary school teachers will gulp #555,321,863.06, while the operating expenses (overheads) will gulp #785,708,704.06.The Social Services Expenditure will gulp #83,000,000.00 and the Non-Current Assets will gulp #649,821,171.67.
The event was attended by all members of the council Executive, the elected councillors, All Progressives Congress (APC) chieftains and members at the local government level, traditional rulers,market and religious leaders, the Management Staff of the council and the media.
