The Chairman of Odiolowo-Ojuwoye LCDA, Hon. Rasaq Olusola Ajala, today presented the 2025 budget to the Legislative Arm of the Local Council Development Area (LCDA) in a ceremonial session held in the legislative chamber.
The budget, tagged “Consolidating and Empowering Through Multifaceted Approach”, totals N9,846,144,597.34.
In his address, Hon. Ajala detailed the composition of the budget, noting that the Federal Statutory Allocation accounts for 14% of the total, amounting to N1,365,975,459.60, while 74% comes from the Value Added Tax, totaling N7,214,386,533.34. The Own Internally Generated Revenue is projected at 1.4% (N144,400,000.00), and State Coordinated Revenue stands at 1.3% (N133,000,000.00), with other FAAC-related allocations constituting 10% (N988,382,604.40).
The Leader of the Legislative Arm, Hon. Rilwan Ola Ajenifuja, welcomed Hon. Ajala and other dignitaries, including his Vice, Hon. Seyi Jakande, Secretary Hon. Mujeeb Ayinde Daramola, Council Manager Mrs. Afolake Otenaike, and key members of both the Executive and Legislative arms of the LCDA.
In a move to ensure inclusivity, Hon. Ajenifuja announced that the presentation would be conducted in Yoruba, as the House has adopted the language for communication during its sittings twice each month.
During the presentation, Hon. Ajala emphasized that the budget would prioritize crucial sectors, including personal costs for staff, teachers, political office holders, pension schemes, operational expenses, and capital expenditure.
The budget is designed to implement and enhance people-oriented programs and projects.
“Our focus will be placed on the expansion of our infrastructural development in line with the T.H.E.M.S PLUS Agenda of the Lagos State Government,” Hon. Ajala stated.
He outlined plans to focus on vital infrastructure development and the creation of a conducive business environment to attract major private sector investments. The budget is also geared towards improving healthcare, education, environmental sustainability, empowerment, poverty alleviation, and road construction and rehabilitation.
“We believe this budget will bring out the best in Odiolowo-Ojuwoye LCDA and ensure the safety and well-being of the people,” he continued. “Through your cooperation, we have laid a foundation for sustainable development.”
Hon. Ajala also urged the people of Odiolowo-Ojuwoye to fulfill their civic duties by paying their rates and fees promptly. He expressed his gratitude to Governor Babajide Olusola Sanwo-Olu for his continued support and extended thanks to his executive and legislative teams, management staff, and all stakeholders for their collaborative efforts.
HRA called on the House to deliberate on the budget expeditiously, urging its swift passage to facilitate the implementation of the proposed programmes and projects aimed at benefiting the people of the LCDA.