By Abimbola Joseph
CITIZENS COMPASS– The Ikorodu Local Government in Lagos State, has presented a N4.1 billion 2025 budget to its legislative arm.
Mr Wasiu Adesina, Executive Chairman of the local government while addressing the legislative arm of the council, said the budget was 15.8 per cent above the 2024 approved appropriation.
The Citizen Compass reports that the budget was tagged: “Budget of Consolidation .”
According to him, the internally generated revenue (IGR) of the council is projected at N112.800,000million and the state coordinated revenue is put at N62.500,000million, while the total recurrent expenditure is N2.736,732,534billion
Adesina said allocations from the federation accounts is N1,467,785,220.86k and value-added taxes (VAT) are also projected at N2.300,079,893,38 billion while other allocations stands at N105,567,420.20k
The chairman said the budget is anchored on three core pillars; infrastructure renewal, human capital development and economic empowerment.
He said that his administration is committed to advancing the infrastructural development agenda by prioritising the construction, rehabilitation, and maintenance of roads, drainage system and public utilities.
Adesina , reiterates his commitment to stimulate local activities and continue to support small and medium -scale enterprises (SME’s), agricultural ventures and create employment for youths and women.
He said education and health care remain pivotal to his administration’s developmental goals adding that the council has allocated substantial resources to improve the quality of education in schools.
Adesina appreciated stakeholders, community leaders, and residents of the local government for their unwavery support and trust in the administration.
“Let us remain steadfast in serving our people diligently, upholding the principles of good governance and fostering unity within our community,” he said.
Adesina appealed to Ikorodu residents to ensure prompt payment of their rates for more dividends of democracy on the area.
Speaking after the presentation, Mr Adeola Ajayi, Leader of the Legislative Arm, commended the chairman and his dedicated team as well as the management team for their thorough and responsible efforts in preparing the budget.
He said the legislature would scrutinise and vet the budget proposal with utmost care, ensuring it’s alignment with the needs of Ikorodu people, particularly in areas such as youths empowerment and community development.
“Today’s budget presentation marks an opportunity for us to exercise our legislative authority effectively.
Our goal is to ensure that public funds are utilised with the highest level of transparency, accountability for the benefit of the community,” he said.
