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Lagos Pledges Transparency in Implementation of 2020 Budget

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Lagos signs 2020 budget

Governor Babajide Sanwo-Olu of Lagos State has assured residents of the metropolis that his administration will be open and accountable in the implementation of the 2020 budget.

On Tuesday, at a short ceremony in Ikeja, Mr Sanwo-Olu signed the N1.168 trillion 2020 Appropriation Bill into law in the presence of his team and members of the state parliament.

Speaking, the Governor said, “Now is the time for members of the state’s executive council who will be implementing this budget to demonstrate their tenacity to the vision of achieving Lagos of our dreams. We must display the conviction that we can do the job given to us by all residents of Lagos.”

“With the speedy passage of the budget, the responsibilities cut out for us have gained additional momentum and the effort to achieve our development agenda has just started, because this is first budget this administration will be implementing in full cycle. We are hopeful that we would have improved the quality of life of residents at the end of the budget year,” he added.

The Governor further pledged that his government would deploy the state’s resources responsibly to ensure the budget is implemented up to about 100 per cent performance, praising members of the assembly for accelerated passage of the budget, saying the legislators, by their action, aligned themselves with the overall interest of residents.

“The happiness of the speedy passage of the budget is not for all of us in government, but for all the 22 million Lagosians on whose behalf we act and take the decision to make the state habitable and developed.

“When we fix the road, when we make the drainage flow better, when we turn around the services of our hospitals for good, when we ensure Lagos becomes a choice destination for investments and tourism, when we fully implement the budget, we would have given the people the voice to express their happiness,” he said.

Speaker of the Lagos State House of Assembly, Mr Mudashiru Obasa, hailed the Governor and his team for timely transmission of the budget to the House for legislative scrutiny.

He noted that the parliament was thorough in the process of scrutinising the budget, adding that the House did not substantially cut down the expenses contained in the original document, because “the budget cuts across all sectors of the state’s economy”.

Mr Obasa pleaded with members of the executive to leave no stone unturned in the implementation of the budget, saying the expenditure must touch the lives of the people.

Chairman of the House Committee on Appropriation, Mr Gbolahan Yishawu, said members worked round the clock to ensure the budget was passed in line with the directive of the Speaker.

“During the budget defence, members of the cabinet were cooperative and provided required insights that led to the speedy completion of the work. The details of the budget spoke heart of the Governor’s development agenda,” the lawmaker said.

Commissioner for Economic Planning and Budget, Mr Sam Egube, observed that speedy passage of the budget was not without challenges and disagreements, but said the acceleration of the process indicated “cooperation and smooth working relationship” between the executive and the legislature.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Adelabu’s Sister, Twin Nephews Regain Freedom as Police Kill Kidnappers

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Mrs. Olaide Busayo Adegoke John-Paul

By Dipo Olowookere

The younger sister of the former Minister of Power, Mr Adebayo Adelabu, Mrs Olaide Busayo Adegoke John-Paul, has been rescued by officials of the Nigeria Police Force (NPF).

The woman was freed from her kidnappers along with her twin sons, Peter and Paul, on Saturday evening.

They were abducted on Wednesday morning while the former employee of the Central Bank of Nigeria (CBN) was taking her children to school in Ibadan, Oyo State.

The unfortunate incident reportedly occurred at about 7:30 am on June 3, 2026, throwing residents of the area into panic. The 43-year-old mother was taken from her vehicle by the gunmen and driven away with her 12-year-old twin sons.

This evening, in an operation by security operatives, the victims were rescued, while two of the suspected kidnappers were fatally shot in a gun duel, and two firearms were recovered from the gang.

The police are now combing the area where the rescue operation took place to apprehend some of the fleeing kidnappers, who are believed to have escaped with gunshot wounds.

The news of the rescue of the kidnapped victims has thrown the family of the former Minister into a frenzy.

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FG, Honeywell Explore Sustainable Development Opportunities

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honeywell group

By Modupe Gbadeyanka

The federal government and the Honeywell Group are strengthening a partnership aimed at achieving sustainable development in Nigeria.

The company on Thursday held a meeting with the Minister of Interior, Mr Olubunmi Tunji-Ojo, in Abuja. Both parties explored ways to promote economic development, reaffirming the importance of public-private sector cooperation in advancing Nigeria’s development agenda and improving service delivery for citizens.

The Senior Adviser to the Honeywell Group, Mrs Oduwaye Nsidi-Sakiri, reaffirmed the organisation’s commitment to supporting national development through constructive engagement and collaboration.

“We commend the remarkable progress that has been made. These achievements are a reflection not only of leadership but also of the dedication and hard work of the entire team within the Ministry,” she said.

She explained that the visit reflected Honeywell Group’s longstanding tradition of maintaining proactive and constructive relationships with government institutions, regulatory agencies, and other key public-sector stakeholders. She further expressed the group’s willingness to explore opportunities for collaboration in support of government initiatives and national development objectives.

Also speaking, Honeywell Group Chief Operating Officer, Mrs Tomi Ayo-Tugbo, commended the Ministry for reforms that are delivering tangible improvements in the lives of Nigerians, reiterating the firm’s commitment to supporting the country’s growth and prosperity.

On his part, Mr Tunji-Ojo praised the company for its longstanding contributions to Nigeria’s economy and acknowledged the critical role of the private sector in driving economic growth, creating jobs, and supporting national development.

He further assured the delegation of the Ministry’s readiness to engage with stakeholders and collaborate with responsible corporate organisations in advancing initiatives that promote economic development, innovation, and improved service delivery.

The Minister emphasised that the reforms being implemented across the Ministry and its agencies are designed not only to improve operational efficiency but also to strengthen national security and enhance public confidence in government institutions.

“Our goal is to build institutions that work efficiently for the people. We are committed to creating systems that are transparent, technology-driven, and capable of delivering services in a manner that reflects the aspirations of a modern Nigeria,” he stated.

“The government cannot achieve sustainable development alone. Strong partnerships between the public and private sectors are essential to building a prosperous nation. We value organisations such as Honeywell Group that have consistently invested in Nigeria and contributed to the country’s growth over several decades,” Mr Tunji-Ojo added.

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FG Orders MDAs to Secure Funding Before Awarding Contracts

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project funding

By Adedapo Adesanya

The federal government has directed that no new public contracts should be awarded without first getting the funds, as part of efforts to improve project delivery across the country.

Director-General of the Bureau of Public Procurement (BPP), Mr Adebowale Adedokun, disclosed this on the sidelines of the Inaugural Hosting of The Procurement Evolution in Abuja on Thursday.

Mr Adedokun said President Bola Tinubu had approved measures to raise resources needed to settle outstanding obligations to contractors, describing timely payment as critical to an efficient procurement system.

“Mr President has given a directive on when funds should be raised to address the concerns of contractors who are yet to be paid. With this, procurement processes will be much better because payment is now tied to procurement.

“Meaning that no award will be further issued without resources or funding available. So these are the things that the President has asked us to do.”

The BPP boss said the government was also implementing 23 procurement reforms aimed at improving transparency, efficiency and value for money in public spending.

According to him, committees to drive the reforms will soon be inaugurated by the Secretary to the Government of the Federation (SGF).

He said the reforms were designed to ensure that Nigerians benefit directly through improved infrastructure, healthcare, education and better living conditions.

“The president wants Nigerians to feel the effects of this transformation by having good roads, good hospitals, good educational institutions, and a good living wage for all workers.”

The Secretary to the Government of the Federation (SGF), Mr George Akume, said public procurement remained central to the Tinubu administration’s Renewed Hope Agenda.

Mr Akume noted that ongoing reforms, including proposed amendments to the Public Procurement Act 2007, the Nigeria First Policy, Nigeria e-Marketplace initiative, community-based procurement and affirmative procurement programmes, were intended to strengthen local industries and promote economic inclusion.

The SGF, represented by Mr Abubakar Kana, Permanent Secretary, General Services Office, Office of the SGF, added that the reforms would enhance transparency, simplify procurement processes and leverage technology to improve service delivery and national development.

“As we move forward, our collective responsibility is very clear.

“We must ensure that procurement processes are simplified. without compromising accountability, that technology is fully leveraged to eliminate inefficiencies and that all stakeholders work collaboratively to achieve shared national goals.

“The federal government remains fully committed to supporting the Bureau of Public Procurement in driving these reforms and ensuring that public procurement becomes a catalyst for economic growth, infrastructure development and improved quality of life for all our citizens.”

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