The Yaba Local Council Development Area (YLCDA) has proposed the sum of three billion, two hundred and thirty two million, eight hundred and nine thousand, seven hundred and thirty seven naira, and thirty two kobo (N3,232,809,737.32k) to the council’s Legislative Council for consideration and approval for the 2021 financial year.
The Executive Chairman of Yaba LCDA Honourable (Dr.) Kayode Adejare Omiyale while presenting the 2021 Appropriation Bill said the total proposed estimates tagged ‘Budget of Restoration’, represents a nominal increase above the previous year’s estimate of N1.8 billion.
Omiyale disclosed that the budget was aimed at bringing dividends of democracy to the doorstep of every resident of the council, adding that despite the setbacks experienced by the Council in 2020 due to the Coronavirus pandemic, his administration remains committed to sustainable rural development.
The Chairman explained that the budget adopted the zero-based budgeting approach, which was a product of collaborative effort of relevant stakeholders, including the legislative, executive and all departments of the council.
After the budget breakdown he said, “By allocating 65% of 2021 budget to capital projects, the council is also demonstrating its strong commitment to continue to develop our infrastructure across the 9 wards of the council.
“May I appeal to the Honourable members to expedite the legislative process for prompt passage of this Appropriation Bill in order to increase the resilience tempo with which we approach the 2021 fiscal year.”
Speaker of the Yaba LCDA Legislative Council, Honourable Solomon Gbinigie, assured the Chairman and other stakeholders that the budget would be considered expeditiously.
He commended Omiyale and promised that there would be efficient legislative action on the budget estimates to uplift the socio-economic needs of the people.
