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2021 Budget First Quarter Assessment: Lagos Assembly Charges Ministries, MDAs On Revenue Generation

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The Lagos State House of Assembly has tasked ministries and parastasals on revenue generation, enjoining the MDAs to intensify efforts and avoid virement by all means.

The House made the charge on Friday through its Committee on Finance, which commenced an assessment of the 2021 Budget performance of Ministries and Parastatals for the first quarter.

Speaking during the Committee’s first sitting, its Chairman, Hon. Rotimi Olowo, said that the exercise was important to ensure that targets were met as expected.

“The exercise became necessary to ensure that tax payers’ money is judiciously utilised by assessing the progress or default in the budget and to advise where necessary as well as to meet up the target revenue for the year,” Olowo said.

He added that the scrutiny was intended to juxtapose the performance of the first quarter of 2020 with that of 2021 so as to see the possiblity of harnessing additional opportunities or addressing any distress.

Olowo enjoined the MDAs that appeared before the Committee to intensify efforts and avoid virement by all means.

He suggested that tax clearance be imposed as a requirement from parents in relation to educational admissions and use of health care facilities.

In the course of the scrutiny, the Committee advised the Lagos State Board of Internal Revenue to cast its nets towards the informal sector in order to raise more revenue.

The Committee commended some of the ministries and parastatals for performing beyond half of their target for the period under review.

Ministries, Departments and Agencies that appeared before the Committee include: the Motor Vehicle Administration Agency, MVAA, the Ministry of Transportation, the Lagos State Internal Revenue Service and the Lagos State Lotteries Board.

The one week exercise will end on April 21, 2021.

Some of the lawmakers present at the sitting are Hon. Nurudeen Sholaja, Hon. Gbolahan Yishawu, Hon. Lukman Olumoh and Hon. Rasheed Makinde.

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