Ado Odo Ota Local Government Chairman Hon. Lawal Adewale Wasiu FCA today 13th of March, 2025 presented a proposed budget of Twelve Billion, Six Hundred and Twenty Eight Million,Nine Hundred and Thirty Three Thousand, Nine Hundred Naira #12,628,933,900 tagged "BUDGET OF SUSTAINABLE TRANSFORMATION" to the Legislators at the council's Legislative Chamber.
Hon. Lawal Wasiu in his speech, stated that, the proposed estimate symbolically represents his administration's collective march towards the realization of a better Ado Odo Ota Local Government. He added that, while the whole process is a statutory procedure for us in this Local Government, it is the very first fiscal policy to be fully presented by our administration".
The Chairman gave gratitude to Almighty God for his benevolence to his administration without which would have been difficult for them. He extended his gratitude to the Governor of the State His Excellency Prince Dapo Abiodun CON and his Deputy Her Excellency Engr. Noimot Salako Oyedele for their support during the nomination process and eventual success at the polls. He appreciated the people of the Local Government area for the confidence reposed in them as demonstrated in the mandate given at the polls.
The Executive Chairman said the proposed budget of #12,628,933,900 tagged " Budget of Sustainable Transformation" will further impact positively on the lives of the people through the implementation of well thought policies, projects and programmes as embedded in the Cardinal programmes of the All Progressive Congress.
On revenue, Hon. Lawal Adewale stated that, the proposed budget is expected to be financed from statutory allocation and Internally Generated Revenue respectively. According to him, the sum of #11,380,483,900 is projected for the year,
#248,450,000 is also expected from the Internal sources while the sum of #1,000,000,000 is expected as Aids from the State Government.
On Expenditure, the total Budgeted Expenditure for the year 2025 is the sum of #12,628,933,900, Recurrent Expenditure is #10,592,433,900 and has been earmarked for Personal Cost, the sum of #860,600,000 for overhead cost while revenue fund charges will gulp #8,195,000,000.
While presenting the proposed budget, the Chairman wished the Legislators a fruitful deliberation and approval of the budget.
The Leader of Ado Odo Ota 9th Legislative Council Hon. Gbadamosi Mutairu ACA, commended the Chairman and his team for their diligence and effort in the preparation of the fiscal proposal. In his words, "it is evident that this budget seeks to address key areas such as Infrastructure, Education, Health care, Security, and Economic Empowerment. He added that it was the duty of the Legislative Council constitutionally to scrutinize and ensure that the budget aligns with the principles of transparency, accountability and good governance.
Furthermore, the Leader of the House emphasized that, all Heads of Department must be prepared to defend the budgetary allocations for the their respective Departments when call upon. He added that the house will liaise with relevant stakeholders to facilitate the process.
Alabi Sheriff,
Information Department.
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