Lagos records 106% Q2 budget performance

Lagos State on Tuesday put its 2014 second quarter budget performance at 106 percent with Governor Babatunde Fashola declaring there is still more to be done despite the brilliant performance.

The state budget size for this year was N489, 690 billion.

“We just conducted the review of the second quarter budget performance and the result is that between April and June, the state budget performed at 106 percent. And what that gives one if added to the 86 percent performance in the first quarter, the result will be a cumulative half year  performance of 86 percent.

In pre-election year, I think these are unprecedented results. They are consistent with the commitment that I made to the citizens of Lagos that until the last day, this government wil l be working to deliver service.”

Fashola said the impact of this performance would be seen in some of the housing projects completed within the period and the roads that were completed within the period.

“Some of the roads were Yaya Abatan and others. That is the physical connection to the number that one is seeing.”

“But there is still work to do. There are still places waiting for the state government attention. There are many projects coming into completion. Many have been completed and many will be completed in the third quarter,” said Fashola.