Council Chairman Presents N3.76B Budget In Ijede LCDA

By Felix Kuyinu

The Executive Chairman of Ijede Local Council Development Area, LCDA in Ikorodu, Motunrayo Alogba, has presented the sum of N3,760,000,0000 as proposed budget for the year 2025.

Alogba disclosed that the figures will be significantly used in ensuring socio-economic growth alongside infrastructural development in the community. She added that her administration, through the budget, will implement a medium-term project of the council’s development plan.

The Chairman also said that her administration will also look into poverty alleviation, welfare of the area, education and healthcare.

“The year 2025 proposed budget in the tune of N3,760,430,641:92 has been prepared in conformity with extent rules and regulations, and in tandem with existing realities after wide consultation with critical stakeholders”, relayed the council head.

“It is an all-inclusive document that captured the development and socio-economic aspirations of our people.

“The proposed budget for the year 2025 is about 30% increase on the Y2024 approved budget, and the increase has been channeled to people oriented programmes and infrastructural development, making our capital this year almost 50% more than the previous years.”

“This budget reflects our government’s commitment to socio economic growth and infrastructural development of our communities, hence, it is tagged, ‘Budget of Economic Planning and Community Development.

“Our administration is built on the principles of fiscal responsibility, transparency and accountability. She added. “We have worked tirelessly to ensure that every naira is allocated effectively and efficiently to meet the needs of our people. Government’s work is an unfinished business, so, it is not possible to reach all areas within a period of one year.

“We are careful not to engage in burdensome loan or debt, yet, making sure to effectively implement our medium-term plan as enshrined in our local development plan.”

Alogba reckoned that the outgoing fiscal year, capital expenditure performed at over 90%. The Chairman continued: “In this outgoing fiscal year, the capital expenditure performed over 90% which cuts across different sectors and government classified functions. For instance, education sector and Infrastructural development performed over 90% as at the third quarter.

“In this year’s proposed budget, 36% will be allocated to capital expenditure, while 30% is for personnel cost, and 34% for overhead cost. The council’s proposed revenue includes Statutory Allocation-5%, VAT -82%, Federal allocation-9%, State Grants -0.27% and Internally Generated Revenue -4%.