Wale Jagun
A proposed budget of N3.76 billion for the year 2025 has been presented by the Executive Chairman of Ijede Local Council Development Area (LCDA) in Ikorodu Division area of Lagos State, Southwest, Nigeria, Hon. Motunrayo Gbadebo- Alogba, to the council’s legislators.
The proposed budget, which the Chairman said is all – inclusive, was presented during the week, and was tagged, ‘Budget of Economic Planning and Community Development’.
“The year 2025 proposed budget in the tune of N3,760,430,641:92 (THREE BILLION, SEVEN HUNDRED AND SIXTY MILLION, FOUR HUNDRED AND THIRTY THOUSAND, SIX HUNDRED AND FORTY -ONE NARIA, NINETY -TWO KOBO), has been prepared in conformity with extent rules and regulations, and in tandem with existing realities after wide consultation with critical stakeholders.
“It is an all-inclusive document that captured the development and socio-economic aspirations of our people.
“The proposed budget for the year 2025 is about 30% increase on the Y2024 approved budget, and the increase has been channeled to people oriented programmes and infrastructural development, making our capital this year almost 50% more than the previous years”, she said.
Hon. Gbadebo – Alogba, while presenting the budget, said that the budget puts into consideration the socio – economic growth and infrastructural development of Ijede LCDA. She added that her administration, through the budget, is implementing the medium – term project of the council’s development plan.
“This budget reflects our government’s commitment to socio economic growth and infrastructural development of our communities, hence, it is tagged, ‘Budget of Economic Planning and Community Development’.
“Our administration is built on the principles of fiscal responsibility, transparency and accountability. We have worked tirelessly to ensure that every naira is allocated effectively and efficiently to meet the needs of our people. Government’s work is an unfinished business, so, it is not possible to reach all areas within a period of one year.
“We are careful not to engage in burdensome loan or debt, yet, making sure to effectively implement our medium-term plan as enshrined in our local development plan”.
The proposed budget is focusing on Poverty Alleviation, Welfare, Infrastructural Development, Education and Healthcare.
The Council Chairman, reflecting on the outgoing fiscal year, said that the capital expenditure performed at over 90%.
“In this outgoing fiscal year, the capital expenditure performed over 90% which cuts across different sectors and government classified functions. For instance, education sector and Infrastructural development performed over 90% as at third quarter”, she said.
In the proposed budget, 36% was allocated to capital expenditure, while 30% is for personnel cost, and 34% for overhead cost. The council’s proposed revenue includes Statutory Allocation -5%, VAT -82%, Federal allocation (FAAC) -9%, State Grants -0.27% and Internally Generated Revenue -4%.
The Council Leader, Hon. Fadeyi Kehinde Abiodun, commended the administration of Hon. Motunrayo Gbadebo – Alogba, for its people-centered approach to governance.
While stating that the duty of the Councilors is to scrutinize the proposed budget, Hon. Fadeyi also assured the people of Ijede that a thorough job would be done and speedy passage given to the budget.
At the presentation were Hon. Hareem Kabir, Vice Chairman, Ijede LCDA, members of the cabinet, party leaders, religious leaders Community Development Committee/Community Development Associations (CDC/CDAs) and other key stakeholders.
