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2024 Budget Of N2.24Trn Should Improve Lives Of Lagosians, Obasa Tells Sanwo-Olu

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2024 Budget Of N2.24Trn Should Improve Lives Of Lagosians, Obasa Tells Sanwo-Olu

– says palliatives to residents should be more impactful

– Urges more focus on youth engagement through sports, employment

– House to closely monitor implementation of budget

 

 

 

 

The 2024 budget proposal of N2.246 trillion presented by Governor Babajide Sanwo-Olu on Wednesday faces the realities of daunting economic challenges and must be tailored towards improving the lives of residents, the Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, has said.

 

 

 

 

 

Speaking at the Assembly chamber immediately after the presentation of the budget by the Governor, Dr. Obasa said the government must begin to look at better ways to alleviate poverty beyond giving out packaged foodstuff.

 

 

 

 

 

A breakdown of the budget shows a capital expenditure of N1.224 trillion and a recurrent expenditure of N1.02 trillion.

While calling for the employment of more people for the effective implementation of government policies, Obasa further urged effective youth engagement through sports and related activities.

“It is highly important for us to apply the right indices towards ensuring a performing and functioning budget that would lift our people out of poverty and reposition the state towards infrastructural growth and renewal.

“Palliatives should move from just giving people garri, rice, beans or even money. We should have a direction that is focused, impactful and deeply backed up by effective policy implementations.

“For instance, in the name of palliative care, let there be provision of drugs at all public hospitals in the state at subsidised rates. At the same time, focus should be on a downward review of treatment costs in these hospitals.

“Also, provision of subsidised school materials should be encouraged. In like manner, raw food merchants who bring food items from the hinterlands should be put into consideration. The Government can help subsidise their transportation system too. This will in turn lead to a crash in the cost of food prices and make them affordable,” he said.

Read his full remarks below:

Distinguished Ladies and Gentlemen, esteemed colleagues, I give praise to the Almighty Allah who in His infinite mercy kept us all till this day to witness another budget presentation to this House.

2. I would like to extend appreciation to Governor Babajide Sanwo-Olu for his diligent efforts in presenting the year 2024 budget themed Budget of Renewal with total estimates of over 2 trillion Naira for the prosperous state of Lagos. This budget indicates his commitment to the growth and development of our dear state.

3. It is worth noting that this budget is the first one for Mr. Governor since the renewal of his mandate earlier this year. This translates to new expectations, new requests and new aspirations from the people of Lagos.

4. Mr. Governor, it may interest you that this House has an obligation to the people and with the pursuit of its constitutional roles and duties, it has assiduously worked on your previous requests and has its findings especially on provision of palliatives, zero tolerance of potholes, completion of various projects, which include the Lekki- Epe Road, Phase VI and others stated in the requests.

5. Today, you have presented the Y2024 budget estimates of over 2 Trillion Naira to Lagosians. The euphoria that accompanied past budget presentations is gone as this budget would face the realities of daunting economic challenges.

6. According to the Federal Bureau of Statistics, the national inflation rate is now 27.3 percent. The country is also faced with multifaceted issues of rising prices of goods and services, high forex and other societal problems, which require urgent attention and drastic solutions.

7. In this regard, it is highly important for us to apply the right indices towards ensuring a performing and functioning budget that would lift our people out of poverty and reposition the state towards infrastructural growth and renewal. The Lagos State House of Assembly is committed to this and would use all constitutional instruments to achieve it.

8. Mr. Governor, while we talk of giving palliatives to the people to ameliorate the present economic situation, I believe it is time for a paradigm shift. We must now move from intangible things to concrete things. Palliatives should move from just giving people garri, rice, beans or even money. We should have a direction that is focused, impactful and deeply backed up by effective policy implementations.

9. For instance, in the name of palliative care, let there be provision of drugs at all public hospitals in the state at subsidised rates. At the same time, focus should be on a downward review of treatment costs in these hospitals.

10. Also, provision of subsidised school materials should be encouraged. In like manner, raw food merchants who bring food items from the hinterlands should be put into consideration. The Government can help subsidise their transportation system too. This will in turn lead to a crash in the cost of food prices and make them affordable.

11. While we appreciate the increment in salary, it is expedient to note that it has always led to inflation. In that case, it has never been helpful. Right from time immemorial, we have had cases of salary being increased. But it has usually been counterproductive as it has never really solved the economic challenges of the masses. In providing more viable alternatives, the State Government should engage labour as well as knowledgeable consultants in poverty alleviation and economics so that a well-defined programme can be initiated to improve the standard of living.

12. Concerning this need to improve living standards, I make bold to say here that sports stands out as an avenue to create jobs. It is an industry that is huge enough to accommodate thousands of people. Aside the fact that it is a major strategy for youth engagement, it has its economic chain that cuts across different vendors such as water, food and all sorts of sellers around where any sports activity takes place. Even adverts of various sorts speak to the number of people that get engaged directly or indirectly in the name of sports be it football, boxing, table tennis, athletics, and the likes. Government should pay good attention to this.

13. May I use this avenue too to reiterate my stand on the need to improve the enforcement and implementation of State polices, which is highly necessary. It is on record that most people flout the laws of the land with impunity. We hear of people’s total disregard to traffic laws every now and then. There is the need for us as a State to employ more hands. If Kaduna, for instance, can employ up to 7000 security personnel, there is nothing stopping us in Lagos from engaging up to 10,000 for enforcement and implementation considering the population of our State. Though it is necessary for our officials to put human faces in their activities, imagine hearing of LASTMA officials being lynched by touts or miscreants on the road. It has reached a stage where officials have to leave the road sometimes for their safety. This requires immediate intervention.

14. Distinguished guests, it is evident enough that the people of Lagos have high expectations and dreams for a better future, and it is our duty as their Representatives to effectively address their needs and aspirations. We understand the pressing challenges our residents face in the critical sectors such as infrastructural development, healthcare, education, job and wealth creation and others. Therefore, we hold the responsibility of meticulously scrutinising this budget to ensure that it adequately meets the demands and desires of our constituents. We shall equip ourselves with the principles of Transparency, Accountability, Probity, and Fairness.

15. To my colleagues, I urge you to be steadfast, courageous and determined as you perform your constitutional duties. Remember you represent the interest of your various constituencies. We must ensure that developments cut across all the 40 constituencies. The legislature Is empowered and protected by the constitution. So, as legislators, and to all the standing Committee Chairmen and their members, be bold enough to ask questions, and seek clarifications.

16. May I reiterate that we shall monitor the performance, execution, and compliance of the provision of this budget. We shall hold State officials that would drive the lofty initiatives of Mr. Governor, as stated in this budget, accountable in line with their ministerial responsibilities. We are partners in progress, but we will not compromise on our duties of Oversight. Hence, Commissioners, Permanent Secretaries, Directors and Heads of Parastatals are advised to up their game, and this process starts with the budget defence. We will do a painstaking and thorough scrutiny.

17. We, as lawmakers, and by the virtue of constitutional power reposed in the legislature, are poised to make the Lagos of our dream a reality. We are determined to put smiles on the faces of our people. No doubt, times are harder than before. The only opportunity we have is to take our people more seriously while they also consciously perform their civic obligations by paying their taxes regularly.

18. Notwithstanding, we pledge our support to Mr. Governor and will join hands with him to achieve that greatness for our dear State. We will work tirelessly to bring about positive changes and progress in every nook and cranny of the State, together with Mr. Governor and his team.

19. At this juncture, I wish to congratulate, yet again, Mr. President, His Excellency, Bola Ahmed Tinubu, GCFR and the Vice President, Alhaji Kashim Shettima, our Party: the All Progressives Congress (APC), the party leaders both nationally and in the States and all our party flag bearers in the last general elections for the party’s success and victories. The nationwide victory of our party at the last general elections is an attestation that the people believe in us; and we can’t afford to let them down.

20. However, it is worthy of mentioning that six months after inauguration, our people in power should start looking at the sides of party members who worked tirelessly for the party’s successes for further encouragement. Good arrangements should be made in this regard to appreciate their efforts.

21. I will like to appeal to Nigerians to be patient with this administration. Our President, Asiwaju Bola Ahmed Tinubu, GCFR is aware of the economic challenges that bedevil us as a nation. His team is working on turning around the economic situation of the country. Let us all support them in our prayers. I believe that there is light at end of the tunnel for us as a nation.

22. As I bring my speech to a close, I wish to thank my colleagues for their unwavering support in this 10th Assembly.

23. Once again, I commend Governor Babajide Sanwo-Olu for his vision and dedication to the growth and development of our State. I call upon all Lagosians to support us in this collective quest for a better Lagos. Together, let us build a future that we can all be proud of. Thank you and God bless.

Rt Hon Dr Mudashiru Obasa
Speaker, Lagos State House of Assembly

 

 

2024 Budget Of N2.24Trn Should Improve Lives Of Lagosians, Obasa Tells Sanwo-Olu

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Why Ifako-Ijaiye’s Voice Is Louder At The Lagos Assembly: The Jah Factor

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Why Ifako-Ijaiye’s Voice Is Louder At The Lagos Assembly: The Jah Factor

By Ibukun Simon

In legislative politics, not all representatives are created equal. Some merely occupy seats; others shape conversations, influence outcomes, and leave visible footprints in the lives of their people. Since 2019, Ifako-Ijaiye Constituency I has belonged firmly to the latter category, thanks to the emergence of Hon. Adewale Temitope Adedeji, fondly known as JAH, as its representative in the Lagos State House of Assembly.

As a journalist who has covered proceedings of the Lagos Assembly consistently since 2015, I have witnessed first-hand how representation can either fade into the normal routine or rise into relevance. The entry of Hon. Adedeji into the Assembly marked a clear turning point—not only for Ifako-Ijaiye, but for the quality of debate, advocacy, and people-focused legislation within the House.

On the floor of the Assembly, Hon. Adedeji stands out as one of the lawmakers journalists naturally gravitate towards. His interventions during plenary sessions are deliberate, articulate, and deeply rooted in public interest and knowledge. In the 40-member House, he is widely regarded as one of the top five lawmakers whose contributions command attention, not because of theatrics, but due to his clarity of thought, persuasive delivery, and uncommon mastery of issues. When JAH speaks, the chamber listens—and the press takes notes.

This strength of presence is crucial in a legislative environment where influence matters. In parliamentary practice, experience translates to authority. The Lagos State House of Assembly, like many legislatures, places significant weight on ranking members—lawmakers whose sustained service enhances their ability to push motions, influence committee outcomes, and attract development to their constituencies. Returning Hon. Adedeji to the House in 2027 would therefore mean strengthening Ifako-Ijaiye’s bargaining power and ensuring its concerns are not just heard, but prioritized.

Beyond the chambers, the impact of Hon. Adedeji’s representation is visible across the constituency. In terms of infrastructural development, several road construction and rehabilitation projects have been attracted to Ifako-Ijaiye under his watch, improving accessibility, boosting local businesses, and easing daily movement for residents. These are practical dividends of democracy that speak louder than campaign slogans.

Equally significant is his focus on human development and social inclusion. Since assuming office in 2019, Hon. Adedeji has facilitated job opportunities, empowered the less privileged, and consistently supported students through the distribution of JAMB and GCE forms, helping to remove financial barriers to education. These interventions reflect the impact of a representative who understands that development must touch both infrastructure and people.

What further distinguishes Hon. Adedeji is his constant engagement with constituents. Through consultations, town-hall interactions, and accessibility, he has maintained a relationship that goes beyond election cycles. This closeness has fostered trust and ensured that governance remains responsive to grassroots realities.

As Lagos continues to grow and legislative responsibilities become more demanding, constituencies like Ifako-Ijaiye cannot afford experimental representation. They require lawmakers who understand the system, command respect within it, and can translate legislative influence into real benefits for the people.

From the Assembly floor to the streets of Ifako-Ijaiye, the record since 2019 is clear: effective representation works—and Hon. Adewale Temitope Adedeji has delivered it.

Ibukun writes from Ifako-Ijaiye.

 

Why Ifako-Ijaiye's Voice Is Louder At The Lagos Assembly: The Jah Factor
By Ibukun Simon

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Lack of Understanding or Legitimate Concern? Otti’s Defence of Tinubu’s Tax Reform Sparks National Debate

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Lack of Understanding or Legitimate Concern? Otti’s Defence of Tinubu’s Tax Reform Sparks National Debate

By George Omagbemi Sylvester | SaharaWeeklyNG

“Abia Governor Alex Otti argues critics misunderstand the overhaul of Nigeria’s tax laws, but the controversy reveals deeper anxieties about governance, transparency and economic strain.”

When Abia State Governor Alex Otti publicly defended President Bola Ahmed Tinubu’s newly enacted tax reform laws on February 13, 2026, he did more than just push back at critics, he threw the spotlight back on a fulcrum issue dividing Nigeria’s political and economic classes. Otti’s assertion that Nigerians attacking the tax policy “lack understanding” crystallises a broader fracture in public discourse over fiscal policy, governance and the future of the Nigerian economy.

The comments from Governor Otti came amid an intensifying national conversation over sweeping tax reforms signed into law in June 2025, designed to modernise Nigeria’s tax architecture and expand revenue mobilisation. These reforms (long in the making and championed by a Presidential Fiscal Policy and Tax Reforms Committee chaired by Prof. Taiwo Oyedele) mark the most far‑reaching overhaul of federal tax laws in decades. They include restructuring the Federal Inland Revenue Service into the National Revenue Service (NRS), establishing a Tax Appeal Tribunal and Ombudsman Office, and unifying revenue collection frameworks to improve transparency and efficiency.

Governor Otti’s praise for the new legislation resonated with elements of his own fiscal thinking. Drawing on economic positions he articulated nearly a decade ago, he argued that key principles now entrenched in the law reflect sound fiscal reasoning and long‑standing proposals to strengthen Nigeria’s economic foundations. “Almost 10 years ago, I wrote about the fiscal side of things,” Otti said. “When I read the new tax reform law, I saw many of those arguments reflected in it. I thank Prof. Oyedele. When people attack him, they don’t understand.”

Yet, while Otti’s intervention was meant to de‑escalate public criticism, it instead exposed how complex and emotionally charged the issue of taxation has become in Nigeria. Critics, both inside and outside government, argue that the reforms have not been adequately explained to citizens and that many fear the measures will aggravate hardship amid already high costs of living. One prominent voice of dissent, fiscal policy analyst Aborisade, warned that without transparency and clear communication on how tax revenues will be collected and returned to the people, “these reforms risk becoming deeply unpopular.” Critics also highlight that any tax increase implemented without demonstrable improvements in public services could fuel resentment and mistrust in governance.

That mistrust is not abstract. For years, Nigeria has struggled with weak tax compliance, low revenue‑to‑GDP ratios compared with other emerging economies, and public scepticism over how government revenues are utilised. Many Nigerians remember episodes where policy changes were not accompanied by visible improvements in infrastructure, healthcare or power delivery, reinforcing the belief among skeptics that new taxes equate to greater burden with little reward.

For supporters like Otti and others in government policy circles, the reforms represent a long‑overdue attempt to widen the tax net and reduce Nigeria’s chronic dependence on volatile oil revenues. Advocates argue that a modernised tax system can enhance domestic revenue mobilisation, reduce fiscal deficits, and create a more resilient economy. They point out that reforms provide exemptions and reliefs for low‑income earners and small businesses and are aimed at building a fairer, more transparent system for all stakeholders.

Still, bridging the gap between these competing narratives is challenging. Opposition voices contend that even well‑designed tax policy may fail if the state lacks the capacity to implement it equitably or if the public’s confidence in leadership remains weak. “Without accountability and clear benefits for their contributions, any tax reform risks becoming deeply unpopular,” Aborisade emphasised, warning that heavy taxation without trust can fracture the social contract.

The debate over Tinubu’s tax reform illustrates a deeper truth about contemporary Nigeria: that economic policy no longer exists in a vacuum but is deeply intertwined with public sentiment, political legitimacy, and social cohesion. As one respected economist put it, “Taxation is not just a fiscal tool, it is a trust‑building exercise between the state and its citizens.” When that trust is fragile, even technically sound reforms can be seen as punitive rather than constructive.

Analysts suggest that meaningful public engagement (including sustained information campaigns, transparent revenue utilisation reporting and constructive dialogue with civil society) is essential to soothe anxieties and build confidence in the new system. Without this, what began as an effort to stabilise public finances could widen political and social divides.

In defending the tax reforms, Governor Otti has framed the challenge as one of comprehension rather than critique. But the controversy unfolding across Nigeria is not simply about misunderstanding; it underscores a profound gap between policy design and public perception. For a reform of this magnitude to succeed, Nigerians must be assured not only of its economic merits, but also of its fairness, transparency and tangible impact on everyday lives.

As the implementation phase continues through 2026 and beyond, the Tinubu administration, state governments and economic stakeholders face the critical task of translating legislative change into broader public trust – a task as difficult as any technical reform the tax laws themselves seek to achieve.

 

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Cubana Chief Priest Backs Tinubu Ahead of 2027, Signalling Shift in Celebrity Political Alignments

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Cubana Chief Priest Backs Tinubu Ahead of 2027, Signalling Shift in Celebrity Political Alignments

By George Omagbemi Sylvester | SaharaWeeklyNG

“Socialite’s public declaration underscores growing intersection of business, entertainment and electoral politics as Nigeria inches toward another high-stakes presidential race.”

Cubana Chief Priest Backs Tinubu Ahead of 2027, Signalling Shift in Celebrity Political Alignments

A prominent Nigerian socialite and nightlife entrepreneur, Pascal Okechukwu (popularly known as Cubana Chief Priest) has publicly declared his support for President Bola Ahmed Tinubu ahead of the 2027 presidential election, in a move that has stirred debate across Nigeria’s political and social media landscapes.

 

The declaration emerged in early February 2026 through a series of Instagram posts and public exchanges with critics and followers. In those posts, the celebrity businessman stated unequivocally that he would align himself with Tinubu’s political camp and work against the anticipated presidential bid of former Anambra State governor and Labour Party figure, Peter Obi.

 

Cubana Chief Priest, who commands a large following across Nigeria’s entertainment and hospitality sectors, framed his decision as both a political and economic calculation. In one exchange, he argued that as an employer and businessman, he preferred collaboration with the incumbent administration rather than opposition politics.

 

He also publicly declared that he and his family had chosen to “stay with the moving train” of Tinubu’s “Renewed Hope” agenda, signalling clear political alignment with the ruling All Progressives Congress (APC).

The shift is politically significant because the socialite had previously been associated with Peter Obi during the 2023 presidential election cycle. In his own words, he acknowledged that he worked for Obi during that campaign, even while holding an advisory role to an APC-aligned state government.

His new stance therefore represents a notable reversal, particularly within the South-East business community, where Obi enjoyed strong support during the last election.

 

The controversy surrounding the declaration intensified after an online clash between Cubana Chief Priest and social commentator Isaac Fayose, the brother of former Ekiti State governor Ayodele Fayose. The dispute centred on the socialite’s decision to align with Tinubu’s political movement, with Fayose accusing him of opportunism. In response, Cubana Chief Priest defended his position, arguing that political alignment was a practical choice for a businessman responsible for large-scale employment.

 

He also linked his support for the APC government to broader political objectives, including the potential release of detained pro-Biafra leader Nnamdi Kanu, stating that such outcomes were more achievable from within the ruling political structure than from opposition ranks.

Beyond social media statements, reports indicate that Cubana Chief Priest has expressed interest in running for a seat in the House of Representatives in 2027 under the APC platform, suggesting that his endorsement of Tinubu is part of a deeper political ambition rather than a mere celebrity opinion.

 

News reports also describe his announcement of political plans and explicit backing of Tinubu as part of the emerging alignment of business figures with the president’s second-term project.

The development coincides with political moves by his associate, the businessman Obinna Iyiegbu, popularly known as Obi Cubana, who has also been linked to pro-Tinubu political structures ahead of 2027.

This clustering of influential entrepreneurs around the ruling party has prompted renewed discussion about the growing role of celebrity endorsements and business interests in Nigeria’s electoral politics.

 

Political analysts say such endorsements, while often symbolic, can influence public perception, especially among young voters who are heavily engaged with celebrity culture. As political scientist Larry Diamond once observed, “In transitional democracies, informal power networks (business elites, media figures, and celebrities) can shape political outcomes as much as formal party structures.”

 

Similarly, Nigerian scholar Professor Jibrin Ibrahim has argued that “the fusion of business capital and political capital is one of the defining features of contemporary Nigerian politics.”

 

However, critics warn that celebrity political alignments rarely translate into structured policy debates or ideological clarity. Economist Pat Utomi has repeatedly cautioned that “Nigeria’s democracy suffers when politics becomes an extension of celebrity influence rather than a contest of ideas and development strategies.”

 

For now, Cubana Chief Priest’s declaration remains a personal political endorsement rather than an official party appointment at the national level. Yet its timing (more than a year before the formal campaign cycle for 2027) illustrates how early positioning has already begun among Nigeria’s political and business elites.

 

Key figures involved:

 

Pascal Okechukwu (Cubana Chief Priest): Socialite and businessman who declared support for Tinubu.

 

President Bola Ahmed Tinubu: Incumbent Nigerian president expected to seek re-election in 2027.

 

Peter Obi: Former Anambra governor and likely opposition contender.

 

Isaac Fayose: Social commentator who criticised the endorsement.

 

Obinna Iyiegbu (Obi Cubana): Business associate linked to pro-Tinubu political structures.

 

As Nigeria moves gradually toward the 2027 electoral cycle, the intersection of celebrity influence, business interests and party politics is likely to intensify, raising fresh questions about the nature of democratic mobilisation in Africa’s most populous nation.

 

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