Governor Nasir El-Rufai’s administration spent N43.8 billion of the N89.1 billion generated in the first quarter of 2023.
The lawmaker explained that Lagos had experienced more economic prosperity with the number of projects the governor had initiated.
Peoples Gazette gathered that the decision to suspend Mr Jatuwase was reached by 11 councillors in the local government.
The ECA, a fund that warehouses oil revenue in excess of the budget benchmark of crude oil prices, was paid quarterly from the FAAC to the state.
Mr Ugwuanyi said the “Budget of Consolidation and Transition” is 10.73 per cent lower than the N186 billion presented in 2022.
The electricity regulator maintained that installation of electrical assets was the responsibility of Electricity Distribution Companies (DisCos).
The budget tagged “Budget of Continuity for Sustainability,” is N34 billion lower than N267.9 billion for 2022.
The budget has a recurrent expenditure of 49.1 per cent and capital expenditure of 50.9 per cent.
Sani Dawop promised regular training and logistics support for the groups to function.
Mr Okowa, while presenting the budget said that the figure showed an increase of 17 per cent over that of 2022.
