Ikorodu LG Boss Signs N1.95Bn 2022 Appropriation Bill Into law

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The Chairman of Ikorodu Local Government Council in Lagos State, Mr Wasiu Adesina, on Tuesday signed the 2022 Appropriation Bill into law with a total estimation of N1.95 billion.
 
The News Agency of Nigeria (NAN) recalls that the 2022 budget tagged, “Budget of New Beginning”, was passed by the council legislative arm after perusal assessment at the beginning of the year.
 
NAN also reports that with the 2022 Appropriation Bill signed into law, the council hopes to receive N420.15 million from federal allocation, N1.23 billion from VAT and N131 million from Internally Generated Revenue (IGR) and State Coordinated Revenue.
 
On expenditure, the chairman said that personnel cost for staff was put at N384.6 million, teachers’ salary, N395. 13 million, while statutory deductions stands at N116. 26 million.
 
Overhead cost got N485 million; Social Services Projection, N14 million; while Non-Current Asset is put at N554 million.
 
Adesina, who signed the Appropriation Bill during an expanded Executive Council meeting, commended the council’s legislature, as well as the management team and staff of the council for their collaborative effort in the budgetary process.
 
“I am indeed very grateful and extremely happy signing the appropriation bill.
 
“I want to thank the leader of the legislature for their timely screening and passage of the budget.
 
“I want to thank them because since the inception of this administration, I have never taken loan,” Adesina said.
 
The Leader of the House, Mr Adebowale Ajayi, commended the chairman for the success recorded so far in all sectors, adding that they had carefully gone through the budget and done the needful.
 
Ajayi assured the chairman of the continued support of the legislative arm, saying that they would work in synergy to ensure that Ikorodu Local Government Area stands out as the best coucil in the state.
 

Aside the signing, the chairman presented a TACOMA utility car to the revenue generation unit to facilitate their activities for improved revenue generation of the council.

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